Latest Personal finance News: Finextra Research

Current and Empower join crowded money management app field

The fast-growing personal finance app sector welcomes two new players today - Current, an allowance management service for parents and their kids, and millennial-targeting Empower.

09 May 2017

News/Personal finance

SEC issues fake news crackdown

The US securities watchdog has issued a series of fines and penalties to individuals and entities for submitting hundreds of articles to financial websites which purported to be impartial endorsements of certain companies but which were secretly paid-for

11 April 2017

News/Personal finance

Payday loan firm hit by data breach

Wonga, a prominent UK payday loan firm, has warned 270,000 of its customers that their accounts may be at risk following a data breach.

10 April 2017

News/Personal finance

Meniga raises €7.5 million funding round

London headquartered personal finance startup Meniga has raised a €7.5 million funding round led by Nordic venture capital investor Industrifonden.

07 April 2017

News/Personal finance

FCA TechSprint tackles financial services and mental health

Helping people with mental health problems was on the agenda for developers attending the UK Financial Conduct Authority's latest TechSprint app development challenge earlier this month.

29 March 2017

News/Personal finance

Citi Ventures leads $11 million round in AI-based personal finance advocate Clarity Money

Personal finance app Clarity Money has raised a further $11 million in venture capital financing in a Series B round led by RRE Ventures and Citi Ventures.

23 March 2017

News/Personal finance

Canadian fintech Koho launches

Vancouver-based mobile finacial services outfit Koho has finally moved out of private beta testing, pitting its mobile-based service against Canada's big five providers in the battle for Generation Y.

17 March 2017

News/Personal finance

Current preps debit card and app for kids

US fintech startup Current has raised $3.6 million as it prepares to roll out an app and card-based allowance management service for parents and their kids.

08 March 2017

News/Personal finance

Canadian digital receipt firm Sensibill raises funds for international push

Canadian digital receipt startup Sensibill is planning to move into the US and UK after raising $17.3 million in a Series A funding round led by Information Venture Partners and OpenText Enterprise Apps Fund (OTEAF).

02 March 2017

News/Personal finance

Chatbot savings app Plum partners P2P lender Ratesetter

British AI-powered savings Facebook Messenger chatbot Plum is to start steering users that are willing to take on risk in exchange for higher interest rates to P2P lender Ratesetter.

22 February 2017

News/Personal finance

Asia catching US in value of fintech deals

Venture capital investment in Asia-based fintech start-ups reached $5.4 billion in 2016 just shy of the $5.5 billion invested in the US.

20 February 2017

News/Personal finance

Wells Fargo app sets customers savings challenges

Personal finance management apps are getting more demanding, with new offerings from Wells Fargo and startup Meniga challenging users to meet specific saving targets.

08 February 2017

News/Personal finance

Moven launches UK money monitoring app

US-based neobank Moven is setting its sights on Europe, launching a money tracking app in the UK.

07 February 2017

News/Personal finance

Citi and AmEx join Plaid Technologies funding round

Plaid Technologies, a startup that helps the likes of Venmo and Lending Club connect with their users' bank accounts, says that the venture arms of Citi and American Express joined its recent $44 million Series B funding round.

06 February 2017

News/Personal finance

Wells Fargo inks data sharing agreement with Intuit

Wells Fargo has followed Chase in signing a data-exchange deal with Intuit, enabling its customers to use an API to import account information to financial management tools such as QuickBooks without having to hand over their account credentials.

03 February 2017

News/Personal finance

After raising $5m, Qvivr gears up to launch wallet-replacing card

Qvivr, a US startup promising to replace the credit, debit, gift and loyalty cards in customers' wallets with a single card and app combo, has raised $5 million in a Series A funding round led by Khosla Ventures.

01 February 2017

News/Personal finance

Intuit and Chase agree data sharing deal

Chase customers can now import their financial data to Intuit financial management tools without having to hand over their account credentials, addressing a key flashpoint in bank relationships with third party technology companies.

25 January 2017

News/Personal finance

India's SBI to launch digital-only bank

The State Bank of India (SBI), the country's largest lending institution is to experiment with branchless banking after announcing plans to launch a digital-only bank later this year.

06 January 2017

News/Personal finance

BofA adds budgeting tool to app

Bank of America is adding a spending and budgeting tool to its mobile and online platforms, helping customers to track and control their money.

13 December 2016

News/Personal finance

Barclays integrates online banking and investing accounts

Barclays has launched a new online direct investing service designed to help customers create a personalised financial plan and work towards their goals with the support of a range of tools and content.

28 November 2016