Financial Apps news and trends

Expense-Sharing Apps Adapt to Changing Relationship Dynamics
financial apps // March 08, 2024

Budgeting and managing expenses are fundamental aspects of individual financial well-being.  However, when it comes to couples, these practices take on a heightened significance. Financial disagreements rank among the top contributors to relationship strain and even divorce, underscoring the critical importance of effective money management...

FIS Debuts Interoperable Platform for Sharing Bank Data
Banking // February 08, 2024

FIS has debuted a platform that lets its clients’ customers share banking data. The Florida-based global FinTech has signed agreements with data networks Akoya, Envestnet, Yodlee, MX and Plaid to integrate into the FIS Open Access platform, the company said in a Thursday (Feb. 8) news release. This open banking platform, the release...

Fraud Concerns Leave Consumers Skeptical of Payment Data Aggregation Apps
Security & Fraud // January 24, 2024

Payment fraud incidents have been on the rise, increasing 88% since December 2021, PYMNTS Intelligence research reveals. For instance, 11% of consumers who paid for groceries experienced payment fraud in March 2023, compared to 5.7% in December 2021. Amid this surge in fraud incidents, consumer fears...

Intuit to Shut Down Mint, Invite Users to Credit Karma
financial apps // November 02, 2023

Intuit is shutting down its personal finance website and mobile app Mint and inviting users to migrate to its Credit Karma offering. Mint will no longer be available as of Jan. 1, Intuit said in a Tuesday (Oct. 31) blog post. Users can download their Mint data and join Credit Karma....

Interviews & Exclusives
Italy and Spain Lead European Demand for All-in-One App

September 07, 2023
Consumers’ appetites for an all-in-one app are growing, with nearly 4 in 10 European consumers craving a single app to manage their everyday digital activities. PYMNTS’ latest research shows this trend is particularly popular among consumers in Italy and Spain. This growing sentiment is detailed in “The Global Appeal of an Everyday App: Focus on […]

What If: Elon Musk’s X Becomes the Next Super App?

August 03, 2023
Super apps like Alibaba’s Alipay and Tencent’s WeChat have become super successful in Asia. Their market dominance in turn has made Western entrepreneurs “super” interested in building their own, perhaps...

Even CEO: Why Savings Is The Key To Breaking The Paycheck-to-Paycheck Cycle

January 27, 2020
In the paycheck-to-paycheck economy, estimates vary slightly. Some analysts have reported that roughly 65 percent of all U.S. workers now live paycheck to paycheck, and a large fraction of those...

Are Mobile Card Apps Small FI’s Killer App?

October 30, 2019
The need is pretty clear in the world of payments: Apps can potentially be game-changers, but only if they are seamless and bring more convenience to consumers’ lives. And the...

Quick Reads
Onyx Private Shifting Business Model From B2C to B2B

March 18, 2024
Digital bank Onyx Private is reportedly changing its business model and “moving away from the B2C model.” The company is not shutting down, Onyx Private CEO Victor Santos told TechCrunch in a report posted Monday (March 18). Santos said this when asked by TechCrunch about an email Onyx Private sent to a customer, saying that the company was discontinuing its […]

FIS Debuts Interoperable Platform for Sharing Bank Data

February 08, 2024
FIS has debuted a platform that lets its clients’ customers share banking data. The Florida-based global FinTech has signed agreements with data networks Akoya, Envestnet, Yodlee, MX and Plaid to integrate into the FIS Open Access platform, the...

Intuit to Shut Down Mint, Invite Users to Credit Karma

November 02, 2023
Intuit is shutting down its personal finance website and mobile app Mint and inviting users to migrate to its Credit Karma offering. Mint will no longer be available as of Jan. 1, Intuit said in...

Curve Raises $163 Million to Improve Financial App

September 21, 2023
British FinTech Curve says it has raised more than $163 million in a Series C round. The super app provider, whose offering connects all of a user’s debit and credit cards into...