Latest Personal finance News: Finextra Research

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

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

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

News/retail

Deloitte predicts 'Japanification' of banking in 2020s

Leaders of banks need to look beyond banking in anticipation of disruption to their industry in the next decade, according to Deloitte.

05 December 2019

News/Personal finance

Ex-Barclays Antony Jenkins predicts demise of traditional banking

Former Barclays chief executive believes its the end of the banking world as we know it...and he feels fine.

02 December 2019

News/Personal finance

Curve’s customers far outnumber ‘active users’, leaked figures suggest

Curve, the London based fintech, has come under fire after leaked figures show just 14% of their 500,000 customers are active users.

28 November 2019

News/sustainable

Bunq plants trees while customers spend on new Green Card

Dutch mobile bank bunq is launching a limited-edition Green Card which helps users to offset their carbon footprint as they spend.

28 November 2019

News/Personal finance

UK banks suffer five IT glitches a week according to Which?

The UK's banks experience five IT failures a week according to analysis by Which? with RBS and Santander the worst sufferers.

27 November 2019

News/regulation

Trust in Open Banking: Negotiating data liability between banks and TPPs

The breadth and complexity of Open Banking systems involve a web of players interconnected by the core need to access data. Used as the tool by which financial institutions and third parties deliver innovative financial products, the data required is highly personal by nature and brings with it a myriad of challenges on the part of institutions trying to capitalise its on value without taking on too much risk.

22 November 2019

News/retail

‘Bark-lays’ invites stressed students to in-branch puppy session

Barclays is trialling a distinctly low-tech tool to help stressed out cash-strapped university students: in-branch puppy cuddle sessions.

18 November 2019

News/payments

Alipay target: Serve 10m European SMEs by 2024

Alipay has set a target of supporting 10 million small to medium sized businesses in Europe over the next five years with new payment innovations and partner programmes.

14 November 2019

News/Personal finance

Plum raises another $3m and launches on Android

Closing a second round of funding with a $3 million investment, AI powered smart savings app Plum now boasts a total lifetime investment of $9.3 million.

13 November 2019

News/retail

HSBC claims hyper-personalised banking will be driven by digital ID

A new report from HSBC reveals that the traditional products-based approach in retail banking will be replaced by hyper-personalised services, where customer personal data will be collated to form a central digital ID.

12 November 2019

News/retail

Researchers call on banks to help reduce gambling-related harm

UK charity GambleAware and researchers from the University of Bristol are calling on financial services firms to take part in a programme looking into how technology, such as spend blockers, can help people struggling with gambling problems.

07 November 2019

News/Personal finance

Will trust woes undermine Open Banking under PSD2?

In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.

06 November 2019

News/Personal finance

Dutch fintech to bring mobile payments to South America's smallest country

Dutch fintech Move4Mobile has developed a mobile payments app for Hakrinbank, bringing online payments to Suriname, the smallest country in South America.

01 November 2019