Latest Personal finance News: Finextra Research

Swiss banking digital wave will be driven by targeting underserved segments

Switzerland’s major incumbents have made sizeable investments in their digital propositions in recent years meaning the newcomers must offer something different in order to stand out.

06 May 2020

News/startups

Investing and banking app Stash raises $112m

US banking and investing startup Stash has raised $112 million in a Series F funding round joined by LendingTree.

30 April 2020

News/retail

Microsoft partners Plaid to turn Excel into a fintech app

Microsoft has teamed up with Plaid to let people automatically import their bank and credit card account data into a new personal finance tool called Money in Excel.

30 March 2020

News/payments

Crif acquires PFM firm Strands

Italian credit bureau and outsourcing company Crif has acquired personal financial management outfit Strands for an undisclosed sum.

30 March 2020

News/retail

Moven to wind down consumer unit as spin-off funding withdrawn

Moven is to shut down its direct-to-consumer PFM offering following the withdrawal of multi-year funding as a result of market conditions.

25 March 2020

News/retail

Revolut launches app for kids

European fintech unicorn Revolut, has launched a money management app for parents and kids aged between seven and 17.

18 March 2020

News/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

06 March 2020

News/Personal finance

Kids money app Jassby raises $5m

Jassby, an app that lets kids receive, manage and spend their money, has raised $5 million in a funding round joined by Needham Bank and Moneta Capital.

05 March 2020

News/payments

‘Millennials want credit’ says ex-Visa innovation chief and i2c president Jim McCarthy

The consumer of today is educated, digitally empowered and more than ever before, wants to make informed financial decisions. This requires financial players to provide a quick, efficient and barrier-free customer service that keeps pace with the dynamic transformations of this new era of payments.

04 March 2020

News/Personal finance

Will Smith joins $15m funding round for social investing app Public

Commission-free social investing app Public has closed a $15 million Series B funding round led by Accel and Greycroft, with participation from Hollywood actor Will Smith and NFL star JJ Watt.

02 March 2020

News/Personal finance

Belgian digital bank Aion launches

A subscription-only digital bank promising to use AI to help customers maximise their money, has launched in Belgium.

28 February 2020

News/sustainable

The Redsand Group to launch sustainable fintech fund

Founder and managing partner of The Redsand Group, Nicole Anderson, announced in a recent interview with Finextra TV that the group will launch a fund to work with the venture community to support fintech aimed at tackling sustainability across financial services through tools such as blockchain and tokenisation.

27 February 2020

News/Personal finance

Barclays invests in Open Banking-based utility switching app Youtility

Youtility, a London-based startup tapping into Open Banking to help people track their household expenses and switch utility suppliers, has raised £4.5 million in a funding round joined by Barclays.

27 February 2020

News/startups

2020’s ‘fintech asset class’ is brimming with IPOs

With private markets continuing to show strong interest in fintech and many firms reaching maturity, Pawel Szaja, partner at Shearman and Sterling, predicts 2020 will deliver a surge of fintech IPOs.

25 February 2020

News/sustainable

How to apply lessons learned from Open Banking to Sustainable Finance

While Open Banking initiatives are being drip fed by regulators across the world, it is evident that this shift must not be considered merely a regulatory change: it is a global movement that will shape the future of the financial services industry.

24 February 2020

News/inclusion

JP Morgan acts as a Catalyst for financial inclusion

Finextra interviews Boston-based accelerator Catalyst Fund about JPMorgan's recent investment in its goal to boost financial inclusion across emerging markets.

17 February 2020

News/payments

Uber Money bolsters team in India

Ride-hailing company Uber has set up shop at the Hyderabad Tech Centre in India, welcoming over 100 technology professionals to a new Uber Money team.

12 February 2020

News/Personal finance

Starling unveils three new Marketplace partners

The addition of Molo, Underpinned, and Paystream to the Starling Business Marketplace will take the neobank’s business integrations to 14, building on services catering to their 100,000+ business customers.

05 February 2020

News/Personal finance

N26 and Monese growth announcements bolster fintech strength in 2020

Ballooning customer bases and strong valuations are set to solidify confidence in fintech during 2020.

23 January 2020

News/inclusion

MaPS announces UK-wide strategy to tackle Financial Wellbeing

The Money and Pensions Service (MaPS) has launched a UK-wide strategy to improve the financial wellbeing of individuals and the community across the country.

21 January 2020