Latest Personal finance News: Finextra Research

Indonesian BNPL giant Kredivo enters Vietnamese market

Kredivo has today revealed its market entry into Vietnam through a Joint Venture with family investment office Phoenix Holding.

27 August 2021

News/retail

NatWest launches app to help renters spilt shared bills

NatWest has developed an app called 'Housemate' that helps renters living in shared housing split and pay their bills.

24 August 2021

News/retail

VTB issues debit cards for children

The second largest bank in Russia, VTB, has just announced that it is offering free debit cards to children from 6 years old, in a bid to improve financial literacy at a young age.

23 August 2021

News/crypto

Liti Capital to finance ‘landmark’ case against Binance

Proceedings against Binance will be brought in the Hong Kong International Arbitration Centre by a group of disgruntled Binance customers who were unable to trade on the platform during this year’s infamous May 19th crypto crash.

19 August 2021

News/startups

Hapi launches app to help families invest for children's future

UK startup Hapi has launched an app designed to help parents plan and invest for their children's future.

17 August 2021

News/payments

RBC Ventures rolls out app for kids

Canada's RBC Ventures has developed a money management app and prepaid card that helps kids make their own earning and spending decisions.

13 August 2021

News/startups

UK 'social bank' startup Kroo raises £17.7m

Kroo, a UK startup building a "social" bank, has raised £17.7 million in Series A funding round led by tech entrepreneur Rudy Karson.

10 August 2021

News/startups

Malaysia's BigPay scores $100m investment

BigPay, the fintech arm of airline AirAsia, has secured an investment of up to US$100 million from South Korea's SK Group.

06 August 2021

News/startups

Snoop raises £15 million to fund international expansion

Founded by former Virgin Money chief Jayne-Anne Gadhia, smart money app Snoop has secured £15 million in Series A funding from American investment management firm Paulson & Co. Inc.

02 August 2021

News/payments

CMA mandates ‘Sweeping’ in big win for UK Open Banking

The Competition and Markets Authority (CMA) has ruled in favour of the Open Banking Implementation Entity’s (OBIE) recommendation to mandate Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping, injecting a further element of competition into the Open Banking market and ending years of opposition from some of the UK's biggest banks.

28 July 2021

News/retail

Finleap connect acquires Spanish Open Banking platform provider MyValue Solutions

Germany's finleap connect has acquired Spanish Open Banking platform MyValue Solutions.

28 July 2021

News/startups

CCAF, World Bank, World Economic Forum launch second Covid-19 fintech impact study

Building on findings and insights from its landmark 2020 survey, the Cambridge Centre for Alternative Finance (CCAF) is once again partnering with the World Bank Group and the World Economic Forum to investigate the impact Covid-19 has borne on fintech firms.

20 July 2021

News/retail

Researchers use bank data to understand how to reduce gambling-related harm

After analysing behavioural data from HSBC and Monzo customers, UK charity GambleAware has published a guide for financial services firms looking to help vulnerable customers.

15 July 2021

News/wealth

M1 Finance raises $150m

M1 Finance has hit a $1.45 billion valuation after raising $150 million in a Series E funding round for its "super app" offering automated investing, borrowing and banking products.

14 July 2021

News/retail

Comparing progressive vs traditional banks’ digital progress post Covid-19

Providing a view into the status of financial institutions digital transformation across the US, banking consultancy CCG’s recent survey ‘The Banking Battleground: Views From the C-Suite’ considers the attitudes and capabilities of banks toward digital in a post-pandemic world.

08 July 2021

News/inclusion

Norway leads the way for female opportunity

A study released by German digital bank N26 has found that Norway, followed closely by Finland and Iceland, is leading the charge with overall female opportunity, scoring highly on political representation, corporate leadership, and women’s legislation.

07 July 2021

News/markets

Wise completes largest direct listing in UK history at £8bn

Wise, one of the UK’s leading fintechs goes public on the London Stock Exchange today, with first trades expected to commence shortly after 11:22am BST under the ticker ‘WISE’.

07 July 2021

News/crypto

Emma to build super app

Budgetting app Emma is to expand its portfolio of services to include free stock trading, crypto, P2P payments, high interest savings accounts and credit scores.

23 June 2021

News/inclusion

Crediverso preps personal finance platform for US Hispanic community

Crediverso, a startup building a personal finance platform for the Hispanic community in the US, has raised $3.1 million in seed funding.

21 June 2021

News/inclusion

UN International Day of Family Remittances: 2020 beats forecasts

Launched in 2015 to build awareness of the contribution that migrant workers make to economies of their home countries, the UN’s International Day of Remittances (IDFR) this year welcomes a more positive picture than had been predicted by the World Bank.

16 June 2021