Latest Personal finance News: Finextra Research

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.

12 July 2022

News/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.

01 July 2022

Company update/Personal finance

Cleo confirms $80 million fundingg round

Cleo has announced its $80 million Series C funding round as it seeks to double-down on the US market and help Gen Z audiences improve their financial health and wellbeing.

29 June 2022

Company update/retail

Gatehouse Bank introduces new savings app

Gatehouse Bank has today launched a mobile app, available on iOS and Android, to support customers in managing their personal savings accounts.

29 June 2022

News/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.

27 June 2022

Company update/startups

Beanstalk surpasses crowdfunding target

Beanstalk, the family app that invests for your kids, has exceeded its crowdfunding target with new investments taking the company into overfunding ahead of the funding round closing on 29 June 2022.

24 June 2022

News/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.

24 June 2022

News/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.

21 June 2022

Company update/wealth

Wealth Wizards releases financial wellbeing app

Wealth Wizards has launched a new software solution, Turo Wellbeing, aimed at enabling advice firms, life assurers, banks and building societies to help consumers improve their financial wellbeing and plan for a more prosperous retirement, against a backdrop of soaring living costs.

21 June 2022

Company update/Personal finance

Douugh nears launch of financial ‘super app’ in Australia

Douugh Ltd (ASX: DOU), the financial ‘super app’ on a mission to help customers spend mindfully, save more and build long-term wealth is pleased to announce it has launched into Beta in Australia.

20 June 2022

Company update/wealth

Fidelity partners with Canadian fintech Conquest to support advisers

Fidelity International has partnered with Canadian FinTech company, Conquest, as the exclusive distributor of its financial planning software, ‘Conquest Planning’ to the UK independent advice market.

27 May 2022

Company update/retail

Workplace savings fintech Cushon releases retirement poverty research

New research commissioned by Cushon, the fintech workplace pension and savings provider, has revealed that nine in ten of people are struggling to make ends meet – with only one in ten (10%) saying they don’t have any financial concerns - raising fears around people’s financial future as well as their present.

27 May 2022

Research/Personal finance

The Future of Payments 2022

27 May 2022 1741 downloads

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.

11 May 2022

News/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.

09 May 2022

News/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.

09 May 2022

News/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.

05 May 2022