Up and running in just four weeks, Moven’s new UK self-monitoring finance app was announced at this year’s FinovateEurope. The company is currently establishing additional partnerships across Europe, eager to plan more speedy launches across the continent in the near future. The app provides a consolidated view of users’ financial information and helps rebuild the relationship by providing millennials with a means to re-engage with banks again. While US-headquartered Moven works alongside banks, the app also aims to act as an intermediary between traditional financial institutions and millennials, who often avoid the brick and mortar, a lingering distrust from the global recession.
“This is our first launch in Europe and we could not be happier with how smoothly the process has been,” stated Founder Moven CEO Brett King. “Going by our quick release of the UK platform, we can’t wait to start working with other bank partners in the UK and across the rest of Europe. That way, we can further our aim of helping millions of people across the world monitor their spending and get saving.”
The software, available free on iOS and Android, helps users manage their finances. Users download the free Moven app from the UK app store, adding their current bank accounts which allows the app to monitor and track spending habits, showing how much, and where, they have been spending that month.