Latest Personal finance News: Finextra Research

Company update/payments

Saudi Arabian savings app Hakbah forms partnership with Visa

Hakbah, an alternative financial saving platform based in Riyadh, Saudi Arabia, today announced that it has signed a multi-year strategic partnership agreement with Visa, the world’s leader in digital payments, to issue Visa prepaid cards to its customers in Saudi Arabia and GCC.

02 September 2020

News/retail

NerdWallet buys UK's Know Your Money

American personal finance outfit NerdWallet is eyeing international expansion after acquiring UK-based comparison site Know Your Money. Financial terms were not disclosed.

28 August 2020

News/sustainable

UN Secretary-General: Digital finance is the optimal channel to deliver long-term financing of SDGs

The UN Secretary-General’s Task Force on Digital Finance has today launched an Action Agenda that justifies how harnessing digitalisation can empower citizens to be in control of their finances. This will in turn ultimately align with the needs collectively manifested in the Sustainable Development Goals (SDGs).

26 August 2020

News/sustainable

Alipay Ant Forest, the catalyst for enabling citizen action towards carbon reduction

According to the Green Digital Finance Alliance (GDFA), by introducing nudging and incentives on digital platforms, there is potential for substantial behavioural change among digitally-savvy consumers. This can act as a springboard for scalable global climate change mitigation and reduce 8.6% of emissions from public transport.

26 August 2020

News/startups

Teen banking app Copper raises $4.3m

Copper, an app-based banking startup targeting teens, has raised $4.3 million in a seed funding round led by PSL Ventures.

25 August 2020

News/retail

Hong Leong Bank launches app to help kids save

Malaysia's Hong Leong Bank (HLB) has launched a digital tool that helps young customers take charge of their own pocket money and savings.

24 August 2020

Company update/startups

Beanstalk launches kids' savings app

Beanstalk, the new investment fintech app focused on child savings, today launched to revolutionise the way families put money aside for their children’s future.

29 July 2020

News/retail

Revolut launches price comparison service

Digital banking app Revolut has called in Moneysupermarket's white-label technology business to help launch a price comparison service.

28 July 2020

Company update/startups

Moneybox crowdfunds £4m in four hours

Moneybox, the award-winning saving and investing app, has raised £4m in just four hours on Crowdcube, the world’s largest investment crowdfunding platform - smashing the 2020 record for largest number of investors in a single campaign.

28 July 2020

Company update/startups

Commonwealth Bank recruits fintechs for new digital services

Commonwealth Bank today announced the appointment of two strategic partners to help deliver new digital banking services to the Group’s 15 million retail and business customers.

28 July 2020

Company update/retail

PFM app for students Boro launches AI-powered peer benchmarking tool

Boro, the all-in-one personal finance platform designed just for college students, today proudly announces the official launch of MyBoro, a new suite of tools in the Boro app that uses artificial intelligence to make personalized recommendations that help students to track their spending, meet their budget goals, and compare how they stack up against their peers.

23 July 2020

News/retail

Plum raises $10 million to fund European expansion

Money management app Plum has raised $10 million in a funding round led by Japan’s Global Brain and the European Bank for Reconstruction and Development.

21 July 2020

Company update/startups

FinTech Flow wins PSD2 license from Dutch Central Bank

The Dutch startup Flow Your Money is now a licensed Account Information- and Payment Initiation Service Provider.

17 July 2020

News/startups

Moneybox raises £30m

British savings and investment app Moneybox has raised £30 million in a Series C funding round led by Eight Roads and CNP and joined by Breega.

17 July 2020

Company update/retail

Planner Bee taps Salt Edge for customer financial data access

Pocket financial planning app Planner Bee announced a partnership with Salt Edge, a leader in open banking solutions, to securely and seamlessly connect millions of users to their personal banking data.

08 July 2020

News/payments

Gambling charity criticises banks' use of card blockers

A gambling awareness charity in the UK has criticised UK banks for failing to properly use technology designed to prevent users from accessing gambling sites via their debit and credit cards.

07 July 2020

News/retail

ING Belgium adds subscription management tool to app

ING Belgium has teamed up with Sweden's Minna Technologies to let the bank's customers manage their subscription services from within its app.

29 June 2020

News/retail

CBA adds Coronavirus money tool to mobile app

Commbank is adding a Coronavirus Money Plan feature to its mobile app, pointing customers to relevant guidance and tools to help better plan and manage their finances.

19 June 2020

Company update/retail

Wombat opens gender diversity fund

Wombat Invest, the mobile-only fractional investment app, has launched a new thematic fund that offers exposure to companies taking the lead on gender equality.

18 June 2020

News/startups

CCAF, World Bank, World Economic Forum launch survey to research fintech’s role post-Covid-19

Targeting 15,000 fintech firms worldwide, the Cambridge Centre for Alternative Finance (CCAF) announced it has partnered with the World Bank Group and the World Economic Forum to survey industry players and compile data about Covid-19’s impact on the marketplace.

15 June 2020