Accenture, Moven to develop digital banking solutions including biometric authentication
Accenture has partnered with banking service Moven to jointly develop next-generation digital banking solutions, while providing real-time behavioral feedback to help customers change their spending habits and save more.
The alliance agreement will see Accenture and Moven provide digital banking solutions to banks globally, enabling them to launch new digital capabilities faster and more cost-efficiently while delivering innovative digital products and services to their customers.
Under the service agreement, the companies will work together on designing and implementing services for developing new digital banking capabilities, including next-generation account opening, biometric authentication and real-time marketing.
The companies’ combined efforts will help improve the overall service experience for Moven’s end-users.
“The alliance with Accenture will be invaluable in helping us mobilize our services globally as we grow to tens of millions of users in a dozen countries,” said Brett King, Moven’s CEO and founder. “Accenture’s phenomenal footprint with the biggest banks in the world, combined with the digital and end-user experience from Accenture Interactive and Fjord, made it the only choice for this global alliance partnership.”
The partnership leverages Moven’s mobile-centric banking app and financial wellness solutions and Accenture’s banking industry experience, system integration knowledge, along with the digital capabilities and digital customer focus provided through Accenture Interactive and Fjord, Design and Innovation from Accenture Interactive.
Since forming the alliance, the companies have already signed a contract with a bank whose name it did not disclose.
“As the digital era accelerates the pace of change, with faster innovation cycles and technology adoption, banks will need to embrace and implement digital innovation, including from leading disruptors, at faster speed if they want to remain relevant to their customers,” said Joydeep Bhattacharya, a managing director within Accenture Interactive, part of Accenture Digital. “Moven is an innovator in digital banking, and we are pleased to work with them to bring banks solutions that can help them raise the bar in customer experience and operate in the digital era.”