NEW YORK, March 13, 2014 /PRNewswire/ -- Moven announced today a strategic partnership with FinTech leader MoneyDesktop (MD) aimed to improve the overall user experience for their customers. Moven will leverage MoneyDesktop's powerful data API to spur on product development and elevate their money management services to the next level.
Moven's financial tools help their customers better understand their financial lives and spend smarter. By implementing MoneyDesktop's API, Moven's customers will immediately notice better account aggregation, more accurate transaction categorization and faster updates. As such, Moven has instantly increased core functionality without losing control of how their users see and interact with their services.
"MoneyDesktop shares our vision and have proven that they will continually push innovation in this space," said Moven CEO Brett King. "The MoneyDesktop API enables our customers to get faster access to aggregated account data that is then used by Moven to inform on financial behavior and money habits. MD has become an essential part of our team in delivering our mission to help our customers Live Rich and Spend Smarter."
Moven sought out a technology partner that matched their passion to innovate and provide industry-best financial tools to their customers. By incorporating MoneyDesktop into the Moven technology stack they now have access to powerful account holder data and they maintain full control over how that data is displayed.
"We love working with companies like Moven who are also passionate and driven to innovate and push the envelope," said MoneyDesktop CEO and founder Ryan Caldwell. "By adding the power of MoneyDesktop's API, Moven is further establishing itself as one of the premiere disrupters in the FinTech industry — they are truly changing the way people interact with their finances. It is exciting to see the industry continue to break ground in offering new technologies that will be essential as we move into the age of always-on, real-time banking."
As another indication of the companies' mutual commitment to helping users understand their finances, MoneyDesktop recently participated in Moven's "Live Rich and Spend Smart" contest. The contest awarded one lucky person $5,000 and a financial makeover by finance expert David Bach. MoneyDesktop's team helped raise awareness and judge the contest that occurred earlier this year.
Moven is a real-time mobile money management service that helps customers take control of their finances through transaction insights and spending tracking. With Moven's innovative tools and mobile technologies, customers personalize their banking experience with instant feedback on their spending and digital payment options through email, mobile or Facebook. Moven is dedicated to helping people understand their money better and spend it smarter.
Located in the heart of Utah's Silicon Slopes, MoneyDesktop is redefining the way millions of people interact with their finances by developing award-winning personal financial management (PFM), data-driven analytics and marketing technologies. As one of the fastest-growing financial technology providers, MoneyDesktop integrates their solutions directly into online and mobile banking, core and payment providers – positioning banks and credit unions as the financial hub of their account holders. MoneyDesktop currently partners with more than 400 financial institutions and 29 online banking, core and payment network providers.
SOURCE Moven; MoneyDesktop