Rental-focused FinTech Xspaced on Wednesday (Nov. 10) launched virtual bank accounts for tenants through FlexRent, giving tenants the power to split rent payments into smaller chunks throughout the month, regardless of whether their landlords use the platform. “Since launching FlexRent last year, we’ve continuously heard...
If a consumer needs to make a purchase but is cash-strapped or wants to save their money for other needs, a credit card always comes in handy. But given the millions in credit card debt recorded each year, paying off credit card bills at the...
The number of people living in poverty in the U.S. increased in 2020 as the COVID-19 pandemic gripped the world, but the level was offset by government stimulus aid, the Census Bureau reported on Tuesday (Sept 14). The U.S. defines poverty as an annual income...
The features. The performance. The deeply personal nature of it all. Honestly, does it get any more personal than one’s finances? Maybe sometimes. You get the point. The world abounds in scorecards, but we don’t play that. PYMNTS’ Provider Ranking of Personal Finance Apps is...
Credit Karma is rapidly iterating on its vision of providing “autonomous finance,” wherein it aims to help people better manage their spending habits to quickly achieve their financial goals. And one of the first steps in that process is ensuring that people’s credit scores are...
Say the words “Wall Street.” Odds are you pictured the male-dominated, “Wolf of Wall Street” memes. Perhaps you liken investing to gambling. Stock markets are at record highs despite the pandemic, and expensive share prices might seem out of reach for the masses at large. But...
FinTech investing startup Robinhood signed a record 3 million new users in the first four months of 2020 and is finding its younger client base is savvy and risk-averse, Co-Founder and Co-CEO Vlad Tenev told CNBC on Tuesday (Oct. 27). Tenev told Squawk Box host...
With an estimated 10,000 U.S. baby boomers turning 60 every day now, retirement concerns are a major source of worry for many Americans. While the market to serve affluent individuals is filled with investment advisers and financial firms, pickings are a lot slimmer for people...
Personal finance apps – for budgeting, investing or just squirreling money away – fulfill a core tenet of digital transformation in finance: that machines can help us do more with our money. It’s a powerful value prop, and in the February 2020 PYMNTS Provider Rankings...
