Tagged: money management

Betterment Introduces FDIC Insured Joint Checking Account for Clients Looking to Effectively Manage Shared Recurring Expenses

Betterment, the largest independent online financial advisor, recently launched an FDIC-insured Joint Checking account with several new features designed to help you and your partner “make the most of your money.” As mentioned in a note shared with CI, Betterment’s Joint Checking account is “for… Read More

U.S. Fintech Unifimoney Joins Forces With Gemini To Bring Crypto Trading to Unifimoney Money Management Mobile App

Unifimoney Inc., a U.S.-based premium digital money management platform, announced on Wednesday it has joined forces with Gemini to bring cryptocurrency trading to its Unifimoney money management mobile app. According to Unifimoney, the partnership will enable Unifimoney users to access buy and sell Gemini’s full portfolio of… Read More

Marketplace Lender Prosper Releases Quarterly Investor Update, Borrower Rates on Platform Higher than Pre-Pandemic Levels

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their Quarterly Investor Update – Q1 2021. Ashish Gupta, the Chief Credit Officer at Prosper Marketplace, writes in a blog post that the company… Read More

Real Estate: Insurtech Lemonade Shares Strategies for Making Well-Planned Down Payments on Properties

Insurtech firm Lemonade has shared some important information regarding making down payments on properties. Team Lemonade (NYSE:LMND) writes in a blog post that when someone says they are “saving up” for a home, what they’re “really doing is saving up for a down payment.” The… Read More

Marketplace Lender Prosper Reports 81% Originations Rated AA-B, Avg Loan Size was $13k, Avg Borrower Income $103k for Feb 2021

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their performance data from the Prosper Portfolio for the month of February 2021. Key highlights from the report are as follows: In February 2021,… Read More

LendingClub Shares Financial Management Tips, Explains how to Build Emergency Fund and how to Apply for Personal Loans

LendingClub (NYSE:LC) notes that if you’ve been struggling to make ends meet, then you are definitely not alone. Amid the ongoing COVID-19 pandemic, nearly 30 million US residents are still facing unemployment, which has compounded existing struggles for workers who may have been living paycheck-to-paycheck… Read More

US and Asian Wealth Management Professionals Discuss Financial Planning and Effective Use of Robo-Advisory Services

When discussing wealth management strategies and how Fintech solutions can help investors better manage their portfolios, analysts often talk about how to create new wealth. They may discuss goal setting, risk profile management, and investment management. Dr. Sekar Jaganathan, Director of Digital Strategy at Kenanga… Read More

Mexico’s Salary Advance Fintech Startup Minu Secures $14M in Capital via Series A Round to Enhance Product Offering

Mexico’s salary advance startup Minu has secured $14 million in capital through a Series A funding round. Minu’s investment round was led by FinTech Collective along with contributions from VEF, XYZ Ventures, and FJ Labs. DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale took… Read More

US Fintech Unicorn MX Technologies Reveals that Financial Wellness Is Now Special Focus Area for Financial Service Providers

US-based Fintech firm MX Technologies, which recently secured $300 million through a Series C funding round and quadrupled its valuation to $1.9 billion, notes that financial wellness is now a special focus area for financial institutions, Fintech companies, and consumers as well. MX, which has… Read More

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

California based Fintech Firm Wealthfront Announces that Cash Account Investments May be Invested in Market within Minutes

California-based Fintech firm Wealthfront has announced that clients who use their Cash Account to invest in a Wealthfront Investment Account may have their funds invested in the market “within minutes.” Wealthfront customers who choose to direct deposit their paycheck into the Wealthfront Cash Account may… Read More

Digital Banking Platform Revolut Launches Financial App for Kids in Singapore, Junior Accounts Available for Free

Digital banking platform Revolut has launched a financial app that has been developed specifically for kids. The Fintech app is controlled by the child’s parent or their legal guardian so that they are able to monitor how the tools are being used. This new app… Read More

Financial Wellness App Provider Douugh Unveils Self-Driving Money Management Feature “Autopilot”

  Douugh, an Australia-based AI-driven financial wellness app provider, announced on Friday it has launched its new self-driving management feature, Autopilot, within its app. According to Douugh, the first function of Autopilot is Salary Sweeper, which is described as a service that automatically allocates a… 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

Wealth Management and Fintech Veteran Bob Miller from PCR Says Digitalization Is “A Real Thing” Driving the Industry Forward

Robin Melnick, Director, Alliances & Partnerships at Addepar, a leading provider of technology for the wealth management industry, recently connected with Bob Miller, CEO of PCR, a private client wealth aggregator assisting wealthy families, their advisors, and wealth tech companies develop “winning” digital transformation strategies…. 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

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

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