When you open a new bank account, there’s usually one dominant emotion driving that decision: frustration. You’re fed up with your current financial institution.
Instant is becoming the new standard for virtually everything—including money movement. And it’s not just a matter of convenience. The ability to transfer and access funds in near-real time, 24/7/365, can solve cash flow challenges and open up new payments use cases and business models.
As we approach our fourth year, fintech_devcon continues to redefine the conference experience. Founded on the vision of creating a relaxed, educational environment free from sales pitches, our event focuses on what truly matters: the developers shaping the future of fintech.
Moov is saving a lender a million dollars a year, but they’re thanking us for something else.
Before I tell you what that is, let me share a little story.
Moving money is moving data.
So, when Moov enables payments across all the major rails, what we’re really doing is creating a single source of truth for all that data.
Late payments are a real problem—for borrowers, lenders, service providers, and the entire economy. The World Bank estimates that they cost the global economy more than $40 billion a year.
When you open a new bank account, there’s usually one dominant emotion driving that decision: frustration. You’re fed up with your current financial institution.
Instant is becoming the new standard for virtually everything—including money movement. And it’s not just a matter of convenience. The ability to transfer and access funds in near-real time, 24/7/365, can solve cash flow challenges and open up new payments use cases and business models.
As we approach our fourth year, fintech_devcon continues to redefine the conference experience. Founded on the vision of creating a relaxed, educational environment free from sales pitches, our event focuses on what truly matters: the developers shaping the future of fintech.
Moov is saving a lender a million dollars a year, but they’re thanking us for something else.
Before I tell you what that is, let me share a little story.
From day one, Moov’s co-founders set out to make our organization remote-first. While they knew it would be a challenge, they believed it could help make Moov one of the best places anyone has ever worked.
I’ve been interested in computers and technology since my family got its first Apple computer in the 90s. I spent my time creating LiveJournal themes in HTML, and being in awe of the Space Jam website (it was a very different time).
You know that weird, quiet kid in the back of the class? That was me. When I wasn’t nose-down in a dog-eared paperback, I was furiously writing stories in my wrinkly legal pad.
When architecting payment solutions, rigorous and extensive testing is not just beneficial, it’s imperative.
In November of last year, a significant Federal Reserve processing glitch impacted around 900,000 payment transactions across three major US banks.
Payments are mission-critical for SaaS companies, and their customers expect multiple payment options. But offering more than one payment rail means orchestrating multiple systems from numerous vendors.
Moving money is moving data.
So, when Moov enables payments across all the major rails, what we’re really doing is creating a single source of truth for all that data.
Late payments are a real problem—for borrowers, lenders, service providers, and the entire economy. The World Bank estimates that they cost the global economy more than $40 billion a year.
You’ll never hear an accountant (or an engineer, for that matter) say, “That’s probably close enough.”
When you’re dealing with financial transactions—or building a system to record and handle them—precision matters.