Tagged: savings

March 24, 2023 @ 5:22 pm By Omar Faridi  |  

The economy took a wild ride in 2022, and with interest rates continuing to rise, inflation expected to remain relatively high and household savings dwindling, 2023 could be “just as challenging,” according to an update from TrueAccord. As consumers battle high inflation and interest rates… Read More

March 21, 2023 @ 9:24 pm By Omar Faridi  |  

The digital saving-service Fundler has reportedly signed an agreement regarding use of Crosskey’s SaaS-based Capital Market service, “replacing incumbent solutions from several suppliers.” Eva Thelin, Business Area Manager at Crosskey Capital Market, said: “We are excited over being chosen as the future platform for Fundler’s… Read More

March 9, 2023 @ 10:31 pm By Omar Faridi  |  

Candidly, which claims to be the market’s most comprehensive student debt and savings optimization platform, announced it raised $20.5M in a Series B round of financing, led by Altos Ventures, with follow-on participation from Cercano Management. The Series B investment round reportedly “follows a year… Read More

February 21, 2023 @ 9:55 am By Omar Faridi  |  

Smart, the London-headquartered fintech disrupting the global retirement savings market, has published its annual Future of Global Retirement report. This year’s report “looks at how knowledge, attitudes and concerns about retirement savings have progressed.” The report “includes findings from more than 8,000 savers across the… Read More

February 20, 2023 @ 11:47 pm By Omar Faridi  |  

PensionBee, a online pension provider, has calculated that “moving £1 trillion, the approximate value of UK defined contribution pension funds of around 28 million UK savers that are mostly held in ‘default’ investment plans, to ‘positive impact’ funds, could reduce the carbon footprint of UK… Read More

February 15, 2023 @ 3:51 am By Omar Faridi  |  

Starling Bank is rolling out its first savings product for small businesses offering a competitive fixed interest rate of 2.5% “over one year on balances of £2,000 or more.” The new 1-Year Business Fixed Saver is “built seamlessly into the app.” Account holders can “transfer… Read More

February 6, 2023 @ 10:37 am By Omar Faridi  |  

In an analysis of its Health Saving Account (HSA) Database that was published recently, the Employee Benefit Research Institute (EBRI) found that, “despite health care expenditures increasing in the wake of the COVID-19 pandemic, average HSA balances increased during 2021.” In fact, the majority of… Read More

January 1, 2023 @ 6:05 pm By Omar Faridi  |  

Save, a Fintech company that helps people earn higher yields on their spending and savings, announced that it has “added a new Environmental, Social, and Governance (ESG) portfolio that provides a yield from, amongst other ETFs, the iShares ESG Aware ETFs.” According to Morningstar Direct,… Read More

December 18, 2022 @ 1:45 pm By Omar Faridi  |  

Starling Bank is rolling out its first savings product offering “a guaranteed return of 3.25% over one year on balances of £2,000 or more.” The new Starling 1-Year Fixed Saver is “built seamlessly into the Starling app for maximum visibility and control.” Starling personal current… Read More

December 14, 2022 @ 11:05 pm By Omar Faridi  |  

Azentio Software, a Singapore-headquartered technology firm owned by funds managed by Apax Partners, announced that National Bonds, the UAE’s Shariah-compliant savings and investment company owned by the Investment Corporation of Dubai, has “selected Azentio’s Islamic Banking solution, iMAL, to support its quest to improve process… Read More

October 28, 2022 @ 7:42 am By Omar Faridi  |  

Raisin, which claims to be the global leader for the savings and investment market, has announced the migration of its UK platform ClearBank, the “enabler of secure accounts, real-time clearing, and embedded banking for financial institutions.” ClearBank will “underpin the FSCS protected account Raisin UK… Read More

October 10, 2022 @ 10:00 am By Omar Faridi  |  

Personal savings app provider Yeeld has raised 71% (€357,114.20) of its €500,000 target from 292 investors with 8 days left (at the time of writing) in the firm’s crowdfunding campaign carried out via Crowdcube. Yeeld reports a Pre-money valuation of €12,000,000; Equity: 4%; a €0.78… Read More

September 3, 2022 @ 10:24 am By Omar Faridi  |  

Chip, the saving and investing app on a mission to build wealth for our generation, has introduced the Prize Savings Account – the “first” Fintech to offer a savings account of this type. The account will give users the opportunity to win a Grand Prize… Read More

August 26, 2022 @ 8:48 am By Omar Faridi  |  

Nationwide Building Society has improved the process for new and existing members opening a savings account by now “allowing them to fund the account straight away as part of the application process.” Previously members would have to wait a few days “until the account was… Read More

August 11, 2022 @ 9:16 am By Omar Faridi  |  

Timberland Bank has partnered with Plinqit, which claims to be the only savings platform of its kind that pays users for learning about personal finances, “to give customers a simple, easy way to save and plan for future financial needs.” With over $1.8 billion in… Read More

July 23, 2022 @ 2:27 pm By Omar Faridi  |  

Branch, which empowers working Americans by helping businesses accelerate payments, announced findings from its fourth annual Branch Report, “a look at the financial, work, and lifestyle interests of today’s hourly workers.” Surveying over 3,000 hourly employees across a variety of sectors including food service, logistics,… Read More

July 9, 2022 @ 3:15 pm By Omar Faridi  |  

i2c Inc., a provider of digital payment and banking tech, announced its partnership with Colorado-based financial tech firm Marygold & Co., in order to power the platform’s Tap to Pay Debit Mastercard and new “customer-centric” savings program. Leveraging i2c’s “plug-and-play” payment APIs, Marygold & Co…. Read More

July 6, 2022 @ 8:38 am By Omar Faridi  |  

Last year, October had carried out a survey among their community of lenders in order to gain insights into the topics they were “eager to learn more about.” One topic came back repeatedly: their platform statistics. To answer your questions related to stats, October is… Read More

June 23, 2022 @ 6:22 pm By Omar Faridi  |  

Credit Karma Money™, a single destination within Credit Karma for spending and saving, has announced the launch of cash back rewards, “giving its more than 110 million members in the U.S. the chance to earn cash back when they spend money at certain merchants using… Read More

June 14, 2022 @ 6:01 pm By Omar Faridi  |  

Fundvest is a solution for consumers who are looking to grow their wealth. It is a user-friendly savings and investments platform that aims to assist clients with focusing on their long-term financial strategy. It will provide access to EU and US stock exchanges and maintain… Read More