Personal finance

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/Personal finance

Customers cry foul as Nationwide withdraws OFX service

The UK's Nationwide Building Society has angered customers after withdrawing its OFX download facility, meaning users can no longer automatically update money management software and aggregator Web sites with their account information.

/Personal finance

Financial start-ups form lobby group

A group of US financial services start-ups that use technology-based models to target customers disillusioned with traditional banks, has formed a lobby group calling for regulatory reform that promotes innovation.

/Personal finance

MasterCard, Amex move into money management space

Mastercard is moving into the personal finance budgeting space with the launch of a Web-based tool that enables cardholders to categorise and monitor debit card spending. American Express meanwhile has launched a free online account aggregation and money management service.

/Personal finance

Young Americans don't trust banks; want more social tech-driven communication - survey

US banks seeking to rebuild trust among young "millennials" should tap blogs and social networks to improve communication, according to a Microsoft sponsored survey.

/Personal finance

BillShrink, SmartyPig ramp up as bank customers feel the crunch

BillShrink, an online service that gives users personalised recommendations on reducing their bills, has added a tool pointing people in the direction of the best savings accounts.

/Personal finance

Citi and Microsoft working on Mint rival - Bloomberg

Citi and Microsoft have joined forces to develop a personal finance management site that will take on Mint, the firm acquired by Intuit last month, according to Bloomberg.

/Personal finance

Americans prefer pen and paper to money management sites - survey

Despite the buzz surrounding outfits such as Wesabe and recently acquired Mint, just five per cent of Americans use personal financial management Web sites compared to the 50% still relying on old fashioned pen and paper to track their money.

/Personal finance

Chase unveils online service to help cardholders manage debt

With the recession biting, JPMorgan Chase is rolling out an online service called Blueprint designed to help cardholders manage their spending and borrowing.

/Personal finance

Intuit to buy Mint for $170m

Intuit is set to buy online personal finance outfit Mint in a deal worth around $170 million.

/Personal finance

CBA launches online money management game for Oz teens

The Commonwealth Bank has launched an interactive online competition aimed at encouraging teens to understand the value of money.

/Personal finance

Nokia moves into mobile financial services

The world's biggest handset manufacturer Nokia has teamed with Obopay to launch a mobile financial management and payments service targeted at unbanked people in developing countries.

/Personal finance

Lloyds TSB launches online money management hub for students

UK high street bank Lloyds TSB has launched an online hub for university students that offers tools and tips designed to help them manage their money.

/Personal finance

GTE Federal Credit Union taps social networking for youth account

GTE Federal Credit Union is tapping social networking sites and signing up young people to blog and record videos about their finances to promote a new account for 12 to 22 year olds.

/Personal finance

Mint raises $14m in series c financing round

San Francisco-based online personal finance outfit Mint has raised $14 million in a series c financing round led by Dag Ventures.

/Personal finance

ING to beta Strands' personal financial management technology

Dutch bank ING is to follow in the footsteps of Spain's BBVA and implement personal financial management technology from US-based social benchmarking company Strands.

/Personal finance

IT woes hit Morgan Stanley, Citi joint venture - FT

Morgan Stanley and Citigroup will have to wait up to two years to gain the full benefit of their $14bn-a-year brokerage joint venture as the complexity of merging information technology systems delays integration, the FT reports.

/Personal finance

Microsoft kills off Money

In the face of increasing competition from banks, brokerage firms and dedicated Web sites, Microsoft is scrapping its Money personal finance management software.

/Personal finance

P2P micro-lending site Kiva opens up to US borrowers

Kiva, an online person-to-person micro-lending outfit that enables people to make loans to entrepreneurs and small businesses in the developing world, is opening up to credit crunch-hit American borrowers.

/Personal finance

Intuit to acquire PayCycle for $170 million

Intuit is to acquire US online payroll outfit PayCycle for $170 million in an all-cash transaction.

/Personal finance

Personal finance start-up Rudder suffers security lapse

Houston-based personal financial management start-up Rudder has inadvertently exposed the private account details of hundreds of individuals to other users of the site.