Allied Payment Network partners with Moven to offer modernized bill pay technology

By Pavithra R

Allied Payment Network, payment platform company for financial services, business and technology providers has announced joining with Movencorp (Moven) collaborative ecosystem of banks, credit unions and fintech organizations to help financial institutions capitalize on the $3.9 tn bill pay market.

Moven is a leading technology provider of intelligent banking solutions designed to improve consumer financial wellness. It offers flexible and innovative, data-driven solutions with the unique US Patented financial wellness digital offering.

“Bringing together complementary competencies is the key to the future of the financial services industry. We strive to identify financial institutions and fintechs that desire to reduce the friction of day-to-day banking, and Allied’s bill pay technology is a natural fit,” said Moven’s Chief Revenue Officer Bryan Clagett.

Under the announcement, both Allied and Moven will work together to leverage bill pay technology and its actionable data insights, making it easier for consumers o manage their finances, and provide competitive advantages and revenue opportunities for FIs.

“Many financial institutions consider bill pay to be the ‘ugly stepchild’ of banking—under-appreciated and neglected. But, it is essential that financial institutions modernize in order to stay competitive, especially in today’s highly-competitive, hyper-digital world,” said Allied’s Chief Revenue Officer Jeffrey Harper.

Founded in 2011, Moven is a mobile-banking technology platform provider that banks use to reduce attrition rates, drive new revenue streams and lower customer acquisition cost. Its smart banking technology provides advice-driven, highly-personalized financial wellness experience for banks, helping them grow its customer relationship.