Accenture Teams with Moven to Develop Digital Banking Tools
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Technology services firm Accenture has formed a partnership with "neobank" Moven to create digital banking offerings.
The partnership between the two companies includes a services agreement that will see Accenture and Moven work together on design and implementation services for new tools. The offerings will include next-generation account opening, biometric authentication, real-time marketing and are aimed at improving the experience for Moven's end-users.
Additionally, the partnership features an alliance agreement that will allow the two companies to market their products globally, which the companies said would allow them to launch new services faster and in a more cost efficient manner, according to a May 13 news release announcing the deal. The companies said in the release that they have already been contracted by a bank since joining forces, but did not name the bank in the release.
Moven sought out Accenture because of the Dublin, Ireland-based company's global footprint as well as its digital capabilities through Accenture Interactive and Fjord. Accenture, meanwhile, was drawn to the alliance by Moven's tilt toward disruptive technology.
"Our alliance with Moven will enable us to help banks benefit from these disruptive innovations, which can help them move away from reactive, transaction-based customer relationships and provide their customers with a more intimate, proactive and personalized experience," Piercarlo Gera, global senior managing director of banking at Accenture Strategy, said in the release.
In December, Moven scored a deal with TD Bank that allowed the bank to use its money management software.