Banking Business News

Moven Announces Issuance Of Second Patent For Its Financial Wellness Technology

The second patent further solidifies Moven’s leadership position as the premier provider of innovative banking solutions.

Movencorp, Inc., a leading technology provider of intelligent banking solutions designed to improve consumer financial wellness is pleased to announce that the United States Patent Office intends to grant a second U.S. patent to Moven. The patent will be awarded for Moven’s Methods and Apparatus for Promoting Financial Behavioral Change.

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Patent No. 10.902.511 strengthens the Company’s intellectual property position and further demonstrates its commitment to financial institutions and fintechs as they seek to build more relevant relationships with customers. Specifically, the patent was awarded to Moven for providing a comparison between an average of certain transactions during the current period, and an average of corresponding transactions during each prior period. This result is sent to the user’s device, along with promotional offers related thereto.

“Time and again, Moven established design patterns that are used by banks and fintechs across the world. Our ability to reinforce that intellectual property with these world’s first patents around behavioral finance, contextual credit and offers, and wellness means we have a legal framework now for protecting that leadership we developed over the last decade,” said Executive Chairman and Moven Founder, Brett King. “Helping financial institutions become ever more relevant has been our priority since day one, and this patent is a testimony to the hard work the team has put forth,” he continued.

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