Tagged: financial management

LendingClub Money Management Update Reveals that 70% of Individuals have Admitted “Hiding” Some Type of Debt from Partners

LendingClub (NYSE:LC) notes that married couples who manage their finances together are (usually) more likely to say they’re in “a happy, stable partnership,” according to a research study carried out by the University of Arizona. However, a LendingClub member survey has revealed that almost 70%… Read More

Digital Banking Challenger 86 400 Reveals that 74% of Aussies Admit to having Disagreements About Money Management with Partners

Digital banking challenger 86 400 reveals that almost three-quarters (74%) of Aussies “admit to having disagreements” regarding money matters with their partner. This, according to a recent survey from 86 400, which claims to be Australia’s first “smartbank.” The survey, which had been released in… Read More

30% of Americans Say COVID-19 has Negatively Affected their Financial Wellbeing, About the Same Number Blaming 2008 Housing Crisis: Survey

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

Fintech Professionals Share Coping Strategies for Financial Stress and Anxiety in Post COVID World, Reveal Serious Mental Health Issues

The team at UK challenger bank Starling notes that it may be argued that “financial anxiety” is a by-product of the way that we respond to a particular situation, and not necessarily a result of the actual situation. Starling says that focusing more on what… Read More

Personal Finance Survey Reveals that 67% of Individuals Trust Robots More than Humans to Manage their Investments

We’ve been trusting robots to manage money more than we “trust” ourselves, according to a recent study from Oracle and personal finance specialist Farnoosh Torabi. The global survey of over 9,000 individuals across 14 different countries revealed that the COVID-19 pandemic has “increased finance-related stress… Read More

California based Fintech Wealthfront Adds Additional Automation to “Make Money Movement Effortless”

California-based Fintech firm Wealthfront revealed on February 4, 2021 that its customers will now be able to use their service to monitor for and automatically transfer excess funds to a Wealthfront Roth IRA, Traditional IRA or a 529 College Savings Account. As noted in a… Read More

Personal Finance Professional Explains how 401(k) Plans, Robo-Advisors, Investment Apps can Help Grow Our Wealth

Erica Gellerman, a CPA, MBA, and personal finance expert, notes in a blog post published by Chime Financial Inc. (a US-based banking challenger valued at around $14.5 billion) that if you’re planning to grow your wealth or net worth, then investing can be “a smart… Read More

Digital Cash Management Service Versa Launches Online Platform in Malaysia with Affin Hwang Asset Management

Malaysia-based Versa, a digital cash management service provider, has confirmed the launch of its online platform through a partnership with Affin Hwang Asset Management. The all-digital platform may be accessed as a mobile application, Versa’s management noted. The app’s users are able to earn returns… Read More

New Open Banking API Solution has Now been Integrated by Swiss Cantonal Bank Berner Kantonalbank

The Berner Kantonalbank (BEKB) has reportedly integrated with an Open Banking API platform in order to connect partners and various third-party companies. The BEKB is able to easily and efficiently connect with other service providers through the new platform. For customers, this means that they’ll… Read More

Southeast Asia based StashAway, a Digital Wealth Manager for Accredited Investors and Retail, Is Now Managing $1B in Client Assets

Southeast Asia based StashAway, a digital wealth management firm focused on retail and accredited investors, recently revealed that it’s now managing over $1 billion in assets since launching operations back in 2017. StashAway’s management confirmed that they were able to generate these solid returns even… Read More

Silicon Valley Fintech Unicorn Brex Explains how it Helps Firms with Expense Management by Working With QuickBooks, Netsuite, Xero

US-based Fintech firm Brex says that it goes without saying that as a business owner, it’s “essential to have a handle on your finances.” Brex writes in a blog post that the good news is that incorporating lets entrepreneurs easily take advantage of various financial… Read More

Digital Banking Platform Monzo and Xero Provide Tax Filing Tips for Self-Employed Professionals

UK challenger bank Monzo has announced several updates. The digital bank confirmed recently that the Year in Monzo 2020 is now available via its app. As explained by the banking challenger, the Year in Monzo shows customers key insights into how they spent, saved, and… Read More

Fintech Apps for Budgeting are Actually Leading to Consumers Spending More Money Instead of Developing Good Savings Habits: Report

Research carried out by Think Forward Initiative and Eller College of Management, University of Arizona reveals that so-called budgeting apps are actually causing consumers to spend more money instead of helping them develop good savings habits. The design of a budgeting app usually involves showing… Read More

London’s AI enabled Money Management App Provider Cleo Secures $44M via Series B Round

After finalizing a $44 million investment round, UK’s AI-powered personal finance chatbot provider Cleo is asking its customers how it should spend its funds. Cleo’s round was led by EQT Ventures along with participation from existing investors such as Balderton Capital, LocalGlobe and SBI. Established… Read More

Fintech “Bootcamp” Introduced at University of South Florida as part of Financial Planning Coursework

Financial advisor Mac Gardner aims to promote Fintech-focused competition so that more consumers are able to interact with financial literacy apps. There’s a new technology-related track in the financial planning curriculum being offered at the University of South Florida. The Fintech Bullpen, a Fintech competition… Read More

Financial Management App Provider Digit Adds Automated Investing Tool

San Francisco-based Digit, a financial management and savings company, recently added an automated investing tool to its app. Digit describes itself as a financial wellness expert that has assisted its customers with automatically saving around $5 billion and paying down more than $150 million in… Read More

Money Management App Yolt to Allow Debit Card holding Customers to Make Digital Paymens via Apple Pay

Yolt, a money management app, will now allow its debit card-holding customers to make payments through Apple Pay. The integration will let Yolt’s users complete digital payments via their iPhones or Apple Watches, instead of having to settle transactions with cash or their physical cards…. Read More

San Francisco based Tally, a Personal Finance Management Firm, Hires Executives for Growing its Product and Marketing Operations

Tally, a company that assists borrowers with paying off their credit cards and managing their spending, recently recruited two executives with considerable experience in Fintech while working at Betterment and SoFi. The San Francisco-based firm has appointed Anthony Schrauth as Tally’s new VP of Product… Read More

Seattle based Fintech Secure to Help Employers with Offering Financial Wellness Benefits to Workers

The COVID-19 pandemic has created a financial burden for millions of workers throughout the US as many people have lost their jobs or may not be earning as much due to reduced hours or pay. The Coronavirus crisis has also affected the firms that people… Read More

PayPal Partners with Even, a Salary On-Demand Platform, so that Employees Can Get Paid Early to Meet Expenses

PayPal (NASDAQ: PYPL) has partnered with Even, a salary on-demand platform, so that all of the payment giant’s US workers can get paid early and can also access a budgeting tool via an app. PayPal’s partnership with Even has come after PayPal Ventures took part… Read More

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