Tagged: financial literacy

December 24, 2021 @ 9:31 am By Omar Faridi  |  

Digital bank Revolut, the provider of a financial Super App with over 18 million customers globally, revealed that it will bring Google Pay to Revolut Junior clients across the United Kingdom and EEA. Revolut says it added support for Google Pay after getting feedback during… Read More

December 11, 2021 @ 3:48 pm By Omar Faridi  |  

Edfundo, the transformative smart money management app for kids and teens living in the United Arab Emirates (UAE), has appointed industry specialists to its advisory board. Joining the board are Saudi-headquartered Fintech & Business Development specialist Saleh AlHammad, UK‘s Finance & Emerging Payments professional David… Read More

December 5, 2021 @ 1:16 pm By Omar Faridi  |  

GoHenry, a debit card and financial education app designed for children ages 6-18, announced earlier this week a direct deposit feature for “working teenagers.” The addition of this workforce payment feature “allows teens 14 and older to have their paychecks deposited directly into their GoHenry… Read More

November 26, 2021 @ 10:21 am By Tony Zerucha  |  

Canadian fintech Borrowell announced this week that more than two million Canadians are now members of its platform. This announcement comes during Financial Literacy Month in Canada, as Borrowell continues its mission to educate and empower consumers to take control of their financial health. “At… Read More

November 16, 2021 @ 9:58 pm By Tony Zerucha  |  

Oportun a consumer credit Fintech, today announced that it has agreed to acquire neobank Digit, a platform that provides automated savings, investing, and banking tools. By adding Digit Oportun will further expand its A.I. and digital capabilities. “This is a transformational deal that will expand… Read More

November 4, 2021 @ 10:25 pm By Omar Faridi  |  

Greenlight Financial Technology, Inc., the Fintech firm on a mission to “shine a light on the world of money for families,” has introduced Investing for Parents, which is described as a new educational investing platform “designed for parents.” As mentioned in a release, Investing for… Read More

October 17, 2021 @ 7:17 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Grab, which is Southeast Asia’s leading “Super App” provider, announced on October 14, 2021, a regional partnership to support digital and financial inclusion in the region. This partnership will aim to offer millions of informal workers and small businesses on the… Read More

October 7, 2021 @ 4:47 pm By Omar Faridi  |  

Teenagers can be quite the experts when it comes to spending money. The problem is, many never really learn how to save their money, manage it effectively, and make it grow over an extended period of time. A third or over 30% of US teenagers… Read More

September 15, 2021 @ 11:17 am By Omar Faridi  |  

Immigrants have been neglected by traditional banking and financial institutions. Our financial systems and related practices have been developed for a consumer who has been raised in the US or has a considerable amount of financial knowledge. Our systems tend to make many assumptions as… Read More

August 20, 2021 @ 9:41 am By Omar Faridi  |  

Goldex, a multi-dealer marketplace for allocated physical gold, reveals that it has introduced a free-of-cost online academy to “democratize” financial literacy around gold. Goldex Academy will be hosting a “dedicated” vault of informative content with insights on how to go about making investments in gold…. Read More

August 3, 2021 @ 5:57 pm By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent firm of LendingClub Bank, the leading digital marketplace bank in the US, has shared key findings from its second Reality Check: Paycheck-To-Paycheck research series. The first report revealed that most US residents (54%) are living paycheck-to-paycheck; this second August… Read More

June 23, 2021 @ 8:17 pm By Omar Faridi  |  

Stash, the subscription platform that aims to empower middle-class America to build wealth via innovative investing and banking products, has acquired PayGrade, a financial literacy platform assisting students with adopting healthy financial habits. As mentioned in an update shared with CI, the addition of PayGrade… Read More

June 11, 2021 @ 10:25 am By Omar Faridi  |  

The innovation and ventures division at Standard Chartered (LON: STAN) has teamed up with fund manager Franklin Templeton in order to introduce a “wealth, health and lifestyle” consumer platform for Singapore residents. Excited to announce our partnership with @FTI_Global to launch Autumn in SG, a… Read More

May 14, 2021 @ 2:28 am By Omar Faridi  |  

ilumoni, a Fintech app that aims to assist consumers with borrowing, has secured £1.2 million in an over-subscribed seed funding round. ilumoni has finalized its round after introducing the Beta version of its app earlier this year. ilumoni is a “purpose-led,” AI-enhanced Fintech solution provider… Read More

May 7, 2021 @ 9:00 am By Omar Faridi  |  

Research from Buy Now Pay Later (BNPL) service provider, Clearpay, reveals that Gen Z and Millennials may have been hit the hardest by the COVID-19 crisis, however, they’re the most financially savvy generation in the United Kingdom. Around 68% of Gen Z and 61% of… Read More

February 25, 2021 @ 2:37 pm By Omar Faridi  |  

Tim Frost, CEO at YIELD App, which is a comprehensive Fintech app offering a wide range of DeFi services and new investment strategies, has shared his views and insights regarding the recent trading frenzy that was initiated by a group of armchair investors via Reddit… Read More

February 19, 2021 @ 5:18 pm By Omar Faridi  |  

A recent SWNS research study has revealed that 40% of US-based consumers under the age of 40 are not optimistic that they’ll be able to succeed in achieving their financial goals. The study of 2,000 Americans (between the ages of 18–40) found that around 58%… Read More

February 4, 2021 @ 11:58 pm By Omar Faridi  |  

Indonesian digital wallet provider OVO has teamed up with Manulife Aset Manajemen Indonesia (MAMI) and its partner Bareksa in order to introduce an instant redemption mutual fund. OVO stated that the new offering is the first of its kind in the Southeast Asian country. The… Read More

January 20, 2021 @ 10:55 pm By Omar Faridi  |  

Robinhood, a digital investment platform that has encouraged a new generation of investors to enter the markets, notes that with millions of new investors or traders now joining Robinhood and investing for the first time, financial education has “never been more crucial.” As the company… Read More

December 20, 2020 @ 9:42 pm By Omar Faridi  |  

Katana Dumont, who writes about personal finance and financial literacy topics, notes in blog post published by Chime Financial Inc., a US-based banking challenger valued at around $14.5 billion, that modern technology is shaking up or disrupting the finance industry in a major way. She… Read More