Moven the maven for monetary monitoring
Moven, the online-only bank founded by Brett King, has launched its finance help app to “make monetary monitoring easy for everyone” in the UK at FinovateEurope.
Moven was first launched in the US in 2013, and this new UK app took four weeks to launch.
King says this is its “first launch in Europe” and it is looking for more partnerships across the rest of the continent.
The company “works alongside banks”, and the app acts as an intermediary between traditional financial institutions and millennials. It cites millennials being not best pleased with the big players due to the financial crisis of 2008 and a “strong impression that banks are not to be trusted”.
The app provides a consolidated view of users’ financial information and allows users to monitor and track spending habits – such as how much and where they have been spending that month.
The software is available free on iOS and Android. Users download the app from the UK app store, adding their current bank accounts.