Personal finance

600 articles tagged with this keyword

/retail

CBA app helps customers find cheap fuel

Commonwealth Bank of Australia is piloting a new in-app feature that helps customers save money refuelling their cars.

/inclusion

Pakistan’s ABHI channels donations to flood victims

Pakistan-based fintech ABHI has teamed up with NGOs JDC, Al-Khidmat and Saylani to allow employed individuals to donate their earned but unpaid salary to flood relief funds.

/regulation

MPs call for 'Big Bang' to free up challenger banks

The UK should broaden its open banking model to accelerate the growth of fintech as part of a wider new financial services "Big Bang", according to a group of MPs.

/crypto

Crypto-crime revenue drops by 65% - report

Revenue derived from cryptocurrency-related crime is down by 65% in the first half of 2022 compared to the corresponding period in 2021.

/regulation

Hello Digit fined $2.7m after algo caused customers overdraft fees

The Consumer Financial Protection Bureau has fined Hello Digit and ordered the automated savings app to pay damages to customers after finding that a faulty algorithm wrongfully took money from users' checking accounts leading to overdraft penalties.

/retail

Up Bank launches BNPL alternative, Maybuy

Australian neobank Up Bank, has launched savings service Maybuy. Maybuy is designed as an alternative to Buy Now Pay Later (BNPL) products which have become increasingly popular in recent years.

/inclusion

Mexican startup becomes latest unicorn

A Mexican startup has become the latest fintech to gain unicorn status.

/crypto

Plaid adds crypto strings to its bow

Plaid has announced that major crypto exchanges including Binance.US, Gemini, Robinhood, and SoFi, are now available on their network. Support for additional platforms, including Blockchain.com and BitGo is planned for later this year.

/payments

Zip closes money management app to 'reprioritise' BNPL

Australian buy now, pay later firm Zip, is closing Pocketbook, the money management app it bought for A$7.5 million in 2016, in order to focus on a core business facing up to a faltering economy.

/retail

Monument CEO Ian Rand on the mass affluent lending revolution

UK digital bank Monument takes advantage of new opportunities emerging in digital banking by focusing on providing complex services backed by new technologies. Finextra spoke to CEO Ian Rand to explore the new services the bank is developing, the future of financial services, and catering to the mass affluent.

/retail

NerdWallet to buy On the Barrelhead

American personal finance outfit NerdWallet has agreed to pay $120 million to buy On the Barrelhead, a platform that provides consumers and SMBs with credit-driven product recommendations.

/retail

Forrester identifies incumbents at forefront of mobile banking

Forrester Research has released a report analysing 13 different mobile banking apps across EMEA on user experience and functionality, concluding that Intesa Sanpaolo and BBVA lead in both accessibility and efficiency.

/retail

Cleo raises $80m for money management bot

British AI-based personal finance chatbot Cleo has hit a $500 million valuation thanks to a an $80 million funding round, according to Sky News.

/retail

KeyBank buys loan forgiveness counselling provider

KeyBank has acquired GradFin, a public service loan forgiveness counselling provider. Financial terms of the deal were not disclosed.

/startups

Canada's Neo Financial becomes a unicorn

Canadian fintech Neo Financial has hit unicorn status off the back of a C$185 million Series C funding round led by Valar Ventures.

/retail

Bank of Ireland invests €2 million into awareness campaign for consumers moving banks

This week, the ‘Big Move’ campaign will feature on TV, radio, print, outdoor, digital and social media, directing account movers to a range of useful supports including step-by-step guides, a dedicated phone line and an online hub to help them with the move.

/inclusion

Apple deploys $25 million to entrepreneurs via social good fintech CNote

As part of its Racial Equity and Justice Initiative, Apple has committed $25 million to eradicate systemic racism in the US and empower entrepreneurs of colour.

/crypto

Coinbase: 33% of UK consumers have purchased cryptocurrency

Consumer research from Coinbase and Qualtrics has found that a third of UK consumers have previously purchased or still own cryptocurrency.

/retail

Truist buys savings gamification app Long Game

American financial services giant Truist has acquired mobile savings gamification app Long Game. Terms of the deal were not disclosed.

/retail

ABN Amro partners Gimi on kids' financial education app

ABN Amro has teamed up with Swedish children's financial literacy startup Gimi on a co-branded app.