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Cambridge-based Money Mover selected as Innovate Finance founding member


 
PRLog - Aug. 18, 2014 - CAMBRIDGE, U.K. -- Innovate Finance (http://www.innovatefinance.com/), an industry body established to promote the interest of the UK’s rapidly growing financial technology (fintech) sector was launched on 6August in London. Money Mover (http://www.moneymover.com/), a Cambridge-based start-up, has been selected as one of only 54 founding members to assist this initiative in its mission to champion the UK as the undisputed centre of sustainable financial services and technology innovation.

Launched by the Chancellor of the Exchequer, and supported by the City of London Corporation (http://www.cityoflondon.gov.uk/Pages/default.aspx) and the Canary Wharf Group (http://canarywharf.com/), Innovate Finance is to be the voice of UK fintech, promoting the new era of technology led financial services innovators. Whether they are young start-ups or established industry players, Innovate Finance aims to be the voice of a new movement that believes in the immense transformative power of technology to improve every aspect of banking, finance and commerce.

Money Mover is an online platform providing foreign currency exchange and global payments to SMEs and ‘mass affluent’ private individuals - potentially saving clients thousands of pounds in fees and commission. As a promising pre-launch fintech company, Money Mover was selected as one of the Founding Members of  Innovate Finance. The membership also includes the best and brightest of the more established UK fintech community, and the most enlightened of the global industry players such as the major banks and payments networks.

Commenting on the launch of this new initiative, Hamish Anderson, CEO of Money Mover said: “If the UK is to dominate fintech in the 21st century as we did financial services in the 20th, the industry, innovators and investors need to be aligned. At Money Mover we believe that Innovate Finance is the right forum for collaboration, transformation and success, and that is why we are honoured to be a part of this brand new initiative."

Chancellor George Osborne said: “Key to the government’s long term economic plan is cementing Britain’s position as the centre of global finance. It’s only by harnessing innovations in finance, alongside our existing world class knowledge and skills in financial services, that we’ll ensure Britain’s financial sector continues to meet the diverse needs of businesses and consumers here and around the globe, and create jobs and growth we all want to see in the future.”

Innovate finance will provide a single point of access to key industry influencers, clients, technologies, talent, finance and international marketplaces for the UK’s most promising fintech start-ups. For additional information on membership, events or workshops visit www.innovatefinance.com

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Editor’s Notes

About Innovate Finance


Innovate Finance is an independent membership-based industry organisation that aims to advance the UK’s standing as a leader in financial technology (fintech) innovation – both domestically and abroad. Members range from the world’s leading global corporations to the UK’s most promising fintech start-ups and, through Innovate Finance, will receive a single point of access to policymakers, regulators, investors, customers, educators, talent and key commercial partners. Membership is open to all businesses that have a technology-centric approach to innovation in financial services and a presence in the UK. The organisation has a current roster of over 50 member companies, which are pioneering new digital products and services across the following sectors: insurance, retail and investment baking, payments, remittance, crowdfunding, cloud computing, big data, analytics, and alternative finance. Innovate Finance is supported by the City of London Corporation, as lead sponsor, in addition to the Canary Wharf Group and membership fees. For a full list of members, member benefits, workshops and events please see www.innovatefinance.com and follow them @innfin.

Money Mover

www.moneymover.com

Money Mover is an online foreign currency exchange and global payments platform for SMEs and ‘mass affluent’ private individuals, aspiring to make global payments cheap, simple and transparent through the use of cutting edge technology.

Money Mover intends to be an innovator in the fintech sector. It is a technology company just as much as it is a financial services company, and has designed and built its platform to reflect the highest standards of security, user experience and technical development.

Key platform features:

§  Online only – However large the transaction, the best rates will always be online.

§  Transparent – All costs, charges and fees are included in the fee that they quote. There are no hidden costs, clients are always aware of their payment’s progress in the transaction lifecycle.

§  Simple to use – Every customer is guided through each step of the registration and payments process. The client dashboard is both intuitive and informative.

§  Advanced features for SMEs – All activities, actions and alerts are stored for every client, they may also export lists of payments and confirmations for use in their own reporting and accounting packages.

§  Safe, secure and trustworthy – Payments are safe with Money Mover, as client money is always held in segregated accounts.

Media enquiries:

For further information, interviews, comment, photography, or interest in by-lined articles please contact:

Amy Sadler

KISS Public Relations

T: 01223 967 433

Amy@kisscom.co.uk

Contact
Amy Sadler
***@kisscom.co.uk

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Source:Money Mover
City/Town:Cambridge - Cambridgeshire - United Kingdom
Industry:Finance, Technology
Tags:Money Mover, fintech, Innovate finance
Shortcut:prlog.org/12360618
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