Change management at Moven following shift in strategy

New York City-based banking technology company Moven has announced executive management changes following the drop of its consumer-facing money management app. Over the past 6 months, the company has made significant changes to orient its efforts on the b2b Enterprise line of business, according to the company’s announcement released in June.

Marek Forysiak, Moven ex-CEO for the past 2 years, has stepped down in March and Kesh Talwar, the previous head of Moven Global Enterprise, is now the CEO. This change will allow Kesh Talwar, together with Brett King, Moven Founder and Executive Chairman, to focus company resources on scaling the Enterprise business, which now for the first time includes the US market. Marek Forysiak will remain an advisor to the company and the board during the transition period and contribute to both Moven’s long-term strategy and raising new capital.

“Having worked with Marek for the past few years, and building out the Enterprise business under his guidance, we do plan on continuing with our existing global strategy to ally with banks, fintechs and other financial industry partners,” said Kesh Talwar, incoming Moven CEO.

“Marek guided us through some challenging times and did so with experience and finesse, and we’re delighted he will stay on as an advisor to the board as we transition to new leadership”, said Brett King, Founder and Executive Chairman.

Founded in 2011, Moven is now a team of 45 operating in the B2B space of smart banking technology. It has raised $47 million since inception and, as noted earlier, has shut down its consumer banking product back in April.