With so many apps vying for attention, consumers are experiencing app fatigue. This fatigue is giving rise to the growing appeal of a single platform that consolidates shopping, banking and other daily digital activities — an everyday app. PYMNTS’ latest study shows that 95 million...
Personal finance can be intimidating. But particularly given the ongoing challenges of today’s economic environment, it has never been more important to keep a keen eye on finances while being sure to budget, save, and invest toward both near term and long-term financial goals. That’s...
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 none more so than Elon Musk. The South African-born tech titan has recently added more...
British financial app Revolut has brought its robo-advisor to U.S. soil. The automated investing feature manages customers’ investment portfolios for them with fees Revolut says are lower than the ones offered by traditional companies. “We know that many of our customers do not have the time...
Truist’s Foundry startup has an app that rewards users for building healthy financial habits. Dubbed “Long Game,” the mobile app gives Truist clients the chance to earn monetary rewards for their financial wellness efforts, the bank said in a news release Thursday (May 18). “Truist Long Game...
Candidly has raised $20.5 million in a Series B round to help reduce student debt. The firm embeds its student debt and savings optimization platform within the digital experiences of partners like employers, retirement recordkeepers and financial services companies to help users pay down their...
It’s a renaissance for non-institutional market participation, and Robinhood wants to capitalize on that environment. The commission-free trading app told investors during its fourth quarter 2022 earnings call Wednesday (Feb. 8) that by targeting customers affected by macroeconomic headwinds with strategic value-add solutions, as well...
With a roster of 49 million active users and a record $52 billion of inflows — including a spike in direct deposits — Cash App is looking more and more like a major, multi-featured, traditional bank these days than the mobile peer-to-peer payments system it...
Robinhood, the popular brokerage app, will lay off about 23% of its staff as customers slow down trading, The Wall Street Journal (WSJ) wrote Tuesday (Aug. 2). This is the second time the company has made a round of layoffs this year, following a cut...
