Latest Personal finance News: Finextra Research

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

News/Personal finance

Open Banking platform Tink raises EUR90 million

Swedish Open Banking platform Tink has closed a EUR90 million investment round at a post-money valuation of EUR415 million to supports its continued expansion across Europe.

20 January 2020

Company update/Personal finance

First Community Bank to offer Plinqit savings app

First Community Bank announced today that it will offer Plinqit, a savings app and the only savings tool that pays users for learning about personal finances, helping customers save money and creating higher engagement for financial institutions.

15 January 2020

News/Personal finance

Charity uses open banking to speed up debt advice

A Scottish money advice charity is piloting the use of open banking technology from Experian to quickly gather a picture of its users' financial positions.

14 January 2020

News/Personal finance

Starling extends its offering for business customers

UK digital bank Starling is offering a range of new services to its business customers as it seeks profitability in the next two years.

13 January 2020

News/retail

Monzo and Starling raise overdraft fees, following HSBC, Nationwide and First Direct

Days after it hit headlines that Monzo would be scrapping their fixed 50p a day overdraft charge, Starling Bank followed suit and hiked fees.

16 December 2019

News/payments

ICBC, Alibaba and Ant Financial strengthen fintech partnership

Giants in their own right, ICBC - the world's largest bank in terms of assets - will work with Alibaba and Ant Financial by leveraging their collective expertise in electronic payment settlement and cross border finance to promote the wider use of digital technology in financial services.

16 December 2019

Company update/retail

B-North picks Newcastle Strategic Solutions

B-North, the Manchester-based firm building an SME lending bank for the UK, has selected Newcastle Strategic Solutions Limited to provide its deposit-taking solution. B-North will be offering a range of fixed-term retail savings products when it launches in 2020, and will be using Newcastle Strategic Solutions for account opening and account management.

16 December 2019

Company update/retail

Commonwealth Bank launches rewards feature

To mark the launch of Commonwealth Bank’s app feature for eligible* customers, new research has lifted the lid on our shopping habits and revealed that we are a nation on the hunt for a bargain, with more than 9 out of 10 (94 per cent) of Aussies surveyed using shopping hacks to reduce spending.

16 December 2019

News/retail

Aussie challenger Volt starts onboarding customers

Volt, the first neobank to receive an unrestricted authorised deposit-taking institution (ADI) licence from the Australian Prudential Regulation Authority (APRA) has begun onboarding some of the 40,000 in its waitlist.

16 December 2019

News/ai

BMO unveils AI-powered PFM tool

Bank of Montreal (BMO) is adding an AI-powered personal finance tool to its mobile app, helping customers manage their day-to-day money matters.

12 December 2019

Company update/payments

Flywire and iSAMS integrate to simplify reconciliation for schools

Flywire, a provider of vertical payment and receivables solutions for businesses and institutions, today announced a new integration partnership with iSAMS, a 100% web-based school management and integrated accounting solution. Flywire will integrate its comprehensive payment and receivables platform for Education with the iSAMS iFinance solution, streamlining international payments for K-12 students and their families while simplifying reconciliation for schools.

11 December 2019

Company update/Personal finance

NatWest adds 'spending' tab to app

Customers using the NatWest app will now be able to easily see where their money is going with the new ‘spending’ tab which will show them how much they’re spending from their current account each month on bills, transport or entertainment, helping them stay in control of their money.

09 December 2019