Latest Personal finance News: Finextra Research

Indonesian regulator OJK shuts down 826 fintechs – Bloomberg

The Indonesian Financial Services Authority, known as OJK, has shuttered a staggering 826 fintech startups operating without a license in this year alone, despite the increased appetite for the industry in the Southeast Asian nation.

02 August 2019

News/Personal finance

Circle CEO claims current financial system is 'failing 99% of the time'

Testifying before the US Senate Committee on Banking, Housing and Urban Affairs, Circle co-founder, chairman and CEO Jeremy Allaire highlighted that the existing financial services system is in dire need of being completely overhauled.

30 July 2019

News/Personal finance

Capital One data breach leaves 100 million vulnerable

Capital One revealed Monday that 100 million credit card applications had been accessed, resulting in thousands of Social Security and bank account numbers being left at risk.

30 July 2019

News/devops

How developers can leverage retail banking open APIs

Developers are now able to tap into the potential of PSD2 and open banking with no prior core banking experience and leverage open APIs to build retail banking applications. Anand Subbaraman, VP and general manager of retail banking, at Finastra believes that the potential for open APIs is limitless, and we are now in the fourth generation of banking.

30 July 2019

News/Personal finance

Mastercard and Citi invest in Flybits

Mastercard and Citi Ventures have joined a $35 million Series C funding round for Flybits, a startup that uses AI and machine learning to help banks personalise their customer offers.

16 July 2019

News/startups

Nordea invests EUR5m in neobank P.F.C

Nordic banking giant Nordea has invested EUR5 million in P.F.C (Personal Finance Co.), a recently launched Swedish neobank.

05 July 2019

News/Personal finance

Santander pips Metro Bank for best savings account

Santander has the most intuitive savings account and ranks fastest for account opening time when compared with nine other leading UK banks, according to Worship’s inaugural Savings Account Audit.

01 July 2019

News/devops

Finastra calls developers for community bank-focused appathon

Finastra is running its first public appathon, inviting fintech firms and developers to build applications that help North American community banks and credit unions.

28 June 2019

News/payments

EBAday 2019: Is cashless across Europe attainable?

The message is clear at EBAday 2019: Sweden does not accept cash. While the ABBA Museum may prefer card or mobile payments, Frantz Teissedre, head of interbank relationships at Société Générale, believes that a purely cashless society across Europe may be ambitious.

19 June 2019

News/Personal finance

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

News/ai

Tinkoff introduces Oleg the voice assistant

Russia's Tinkoff has unveiled Oleg, a "polite but also firm" voice assistant who can help customers with everything from transferring money to making restaurant reservations.

14 June 2019

News/startups

Stripe leads $22.5m funding round for teen banking startup Step

Stripe has led a $22.5 million Series A funding round for Step, a teenager-focused US mobile banking startup that has built up a half million-strong waitlist in a matter of months.

06 June 2019

News/Personal finance

Money 20/20 Europe 2019 Q&A: ING’s Benoît Legrand

Benoît Legrand, chief innovation officer at ING, graced the stage at Money 20/20 Europe in Amsterdam to discuss how the Dutch bank has developed and deployed its own innovation methodology. Ahead of the session, Finextra spoke to Legrand about post-Brexit Amsterdam, where ideas for innovation comes from and what platforms actually are.

05 June 2019

News/Personal finance

Money 20/20 Europe 2019: Is Open Banking a complete fiasco?

On the Industry Transmutation stage at Money 20/20 Europe 2019 in Amsterdam, Dave Birch, global ambassador at Consult Hyperion opens an afternoon of sessions on Open Banking and the potential it has to reshape the way the financial services industry works.

04 June 2019

News/startups

French teen banking startup Pixpay raises EUR3.1m

Pixpay, a French digital banking startup aimed at teenagers, has raised EUR3.1 million in a funding round led by Global Founders Capital.

28 May 2019

News/Personal finance

Visa and Swedbank invest in subscription management platform Minna

Swedish subscription management platform Minna Technologies has raised EUR5.6 million in a Series A funding round led by Zenith Group and joined by blue chips Visa and Swedbank.

17 May 2019

News/inclusion

JPMorgan Chase pledges $125m to fintech-focused financial health initiatives

JPMorgan Chase will give $125 million over the next five years to non-profits working around the world to improve the financial health of underserved communities, focusing on the use of fintech tools to help people save, boost their credit and reduce debt.

16 May 2019

News/Personal finance

NatWest integrates Tink PFM tech into app

British bank NatWest is integrating personal finance management and data enrichment technology from Sweden's Open Banking outfit Tink into its mobile app.

09 May 2019

News/Personal finance

RBS introduces online investment service

The Royal Bank of Scotland has launched an online investment service that lets customers put in as little as £50.

03 May 2019

News/devops

Tully taps Open Banking to help Brits tackle their debt

UK startup Tully has launched, promising to help debt-laden Brits by using Open Banking technology to provide a clear picture of their finances along with a personalised, flexible repayment plan.

25 April 2019