Personal Finance news and trends

57% of Consumers Received Financial Advice in 2023
Consumer Insights // January 13, 2025

Rising inflation and stagnant incomes are forcing many Americans to reconsider their financial stability, prompting a surge in demand for personal finance advice. Economic headwinds are leaving people worried about their financial future, leading more individuals to seek planning support. The PYMNTS Intelligence report, “Navigating...

SoFi Adopts Galileo’s Cyberbank Core for Improved Commercial Payments
Digital Banking // October 16, 2024

Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. This integration, announced Wednesday (Oct. 16), will power a variety of payment services for commercial clients, among them debit, prepaid, ACH and wire transactions, and associated banking services. Cyberbank Core...

Brightfin Debuts Gen Z-Focused Financial Wellness App
Personal Finance // July 18, 2024

Brightfin has debuted its financial wellness app, aimed at helping younger consumers. “Younger generations think about money differently. Gen Z and Millennials don’t necessarily have the same life goals as their parents, but financial guidance hasn’t caught up with their changing needs and priorities,” Brightfin Co-founder...

Cautionary ‘Tale of Two Consumers’ Dials Up Personalized Approach to Financial Wellness
Personal Finance // April 30, 2024

Not all that long ago, as Doug Brown, chief product officer, NCR Voyix Digital Banking, observed, credit unions and banks had a rather simple approach to financial wellness. The old-school playbook, pre-COVID-19 and before the great digital shift, he told PYMNTS’ Karen Webster, went something like...

Interviews & Exclusives
57% of Consumers Received Financial Advice in 2023

January 13, 2025
Rising inflation and stagnant incomes are forcing many Americans to reconsider their financial stability, prompting a surge in demand for personal finance advice. Economic headwinds are leaving people worried about their financial future, leading more individuals to seek planning support. The PYMNTS Intelligence report, “Navigating Financial Uncertainty: Whose Advice Do Americans Trust?,” in collaboration with […]

Cautionary ‘Tale of Two Consumers’ Dials Up Personalized Approach to Financial Wellness

April 30, 2024
Not all that long ago, as Doug Brown, chief product officer, NCR Voyix Digital Banking, observed, credit unions and banks had a rather simple approach to financial wellness. The old-school playbook,...

Meet the Neobank That Counts Only Doctors as Customers

January 24, 2024
Picture this: a 28-year-old $400,000 in debt who has never held a job.  Would you give them a loan? Chances are, probably not. And that’s the thought taken by most...

48% of Consumers Look Beyond Their Primary Bank for Mortgage Loans

January 05, 2024
Traditionally, consumers rely on their primary financial institutions (FIs), such as banks or credit unions (CUs), for credit products like credit cards, mortgages, auto loans and personal loans. However, research...

Quick Reads
Monarch Money Raises $75 Million to Grow Financial Wellness Platform

May 23, 2025
Monarch Money has raised $75 million in a Series B funding round to continue growing its financial wellness platform. The company will use the new capital to add to its team and expand the breadth of the platform, Monarch Money Co-founder and CEO Val Agostino wrote in a Friday (May 23) blog post. “We strongly […]

SoFi Adopts Galileo’s Cyberbank Core for Improved Commercial Payments

October 16, 2024
Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. This integration, announced Wednesday (Oct. 16), will power a variety of payment services for commercial...

Brightfin Debuts Gen Z-Focused Financial Wellness App

July 18, 2024
Brightfin has debuted its financial wellness app, aimed at helping younger consumers. “Younger generations think about money differently. Gen Z and Millennials don’t necessarily have the same life goals as their...

Voyant Adds Retirement Planning Tools to Wealth Management Software

March 26, 2024
Voyant has added three new financial planning and modeling tools focused on retirement planning to its financial wellness and wealth management software.  These retirement planning simulations are designed to help...