Personal finance

628 articles tagged with this keyword

/retail

Starling to create 1000 jobs at new Manchester office

Starling Bank is promising to create up to 1000 jobs, including many technology positions as it opens its fourth UK office in Manchester.

/retail

LGBTQ+ digital bank Daylight raises $15m

Daylight, the digital banking app built for America's LGBTQ+ community, has raised $15 million in a Series A funding round led by Anthemis Group.

/retail

Gen Z turns to TikTok for financial advice

Young Brits are turning to TikTok for financial information, with many of them believing that influencers on the app provide better advice than traditional media.

/sustainable

Startups selected for inaugural climate incubator

Eight climate-focused startups have been selected to participate in what is claimed to be the world's first climate-focused fintech incubator in the Nordics and Baltics.

/retail

UOB rolls out auto saving feature in Indonesia

Singapore-based UOB has enlisted Personetics for a new AI-powered automated savings feature at its Indonesian outpost TMRW.

/startups

Northstar raises $24.4m for financial wellness benefit platform

Financial wellness benefit platform for employees Northstar has raised $24.4 million in a funding round joined by PayPal Ventures and Thomson Reuters Ventures.

/retail

GoHenry raises $55m for European expansion

GoHenry, the UK-based provider of a pre-paid debit card and financial education app for kids, has raised $55 million to fund its move into new markets.

/retail

Plum returns to the crowd after $5 million debt financing from Silicon Valley Bank

Smart money app Plum is to launch its third crowdfunding round after picking up £5 million in debt financing from Silicon Valley Bank.

/retail

CBA app helps customers find cheap fuel

Commonwealth Bank of Australia is piloting a new in-app feature that helps customers save money refuelling their cars.

/inclusion

Pakistan’s ABHI channels donations to flood victims

Pakistan-based fintech ABHI has teamed up with NGOs JDC, Al-Khidmat and Saylani to allow employed individuals to donate their earned but unpaid salary to flood relief funds.

/regulation

MPs call for 'Big Bang' to free up challenger banks

The UK should broaden its open banking model to accelerate the growth of fintech as part of a wider new financial services "Big Bang", according to a group of MPs.

/crypto

Crypto-crime revenue drops by 65% - report

Revenue derived from cryptocurrency-related crime is down by 65% in the first half of 2022 compared to the corresponding period in 2021.

/regulation

Hello Digit fined $2.7m after algo caused customers overdraft fees

The Consumer Financial Protection Bureau has fined Hello Digit and ordered the automated savings app to pay damages to customers after finding that a faulty algorithm wrongfully took money from users' checking accounts leading to overdraft penalties.

/retail

Up Bank launches BNPL alternative, Maybuy

Australian neobank Up Bank, has launched savings service Maybuy. Maybuy is designed as an alternative to Buy Now Pay Later (BNPL) products which have become increasingly popular in recent years.

/inclusion

Mexican startup becomes latest unicorn

A Mexican startup has become the latest fintech to gain unicorn status.

/crypto

Plaid adds crypto strings to its bow

Plaid has announced that major crypto exchanges including Binance.US, Gemini, Robinhood, and SoFi, are now available on their network. Support for additional platforms, including Blockchain.com and BitGo is planned for later this year.

/payments

Zip closes money management app to 'reprioritise' BNPL

Australian buy now, pay later firm Zip, is closing Pocketbook, the money management app it bought for A$7.5 million in 2016, in order to focus on a core business facing up to a faltering economy.

/retail

Monument CEO Ian Rand on the mass affluent lending revolution

UK digital bank Monument takes advantage of new opportunities emerging in digital banking by focusing on providing complex services backed by new technologies. Finextra spoke to CEO Ian Rand to explore the new services the bank is developing, the future of financial services, and catering to the mass affluent.

/retail

NerdWallet to buy On the Barrelhead

American personal finance outfit NerdWallet has agreed to pay $120 million to buy On the Barrelhead, a platform that provides consumers and SMBs with credit-driven product recommendations.

/retail

Forrester identifies incumbents at forefront of mobile banking

Forrester Research has released a report analysing 13 different mobile banking apps across EMEA on user experience and functionality, concluding that Intesa Sanpaolo and BBVA lead in both accessibility and efficiency.