News Topic: PFM
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Fintech partnerships help TD weather the pandemic
Mobile and online banking technologies that the Toronto bank previously rolled out, including a virtual assistant developed by Kasisto and money management tools made by Moven, have become much more popular since the arrival of COVID-19. ... Read full article
JPMorgan Chase plans to let mobile customers scan in their receipts
The company is partnering with Sensibill, a fintech whose technology turns photos of receipts into text and helps people track and manage their expenses. ... Read full article
Quicken launches Simplifi money management app for millennials, Gen Z
Thirty-seven years after the release of Quicken desktop software, the company is launching a streamlined app to reach a new demographic. ... Read full article
The rise of the invisible bank
Digital banking will become less visible because it will be embedded in other daily activities with the help of AI, voice interfaces and other emerging technologies. ... Read full article
Subscription killer Truebill readies three banking products
Originally formed to help consumers spot recurring charges, Truebill is adding banking and financial management features to its app. ... Read full article
The trouble with banks' personal finance tools
Adoption of money management instruments offered by banks remains low. One expert explains why. ... Read full article
Online bank's hub strategy borrows from across the pond
Radius Bank in Boston is adding insurers, personal loan providers and wealth management to its platform, copying a playbook popularized in Europe. ... Read full article
Bank vendors hungry for small-business analytics
Jack Henry's acquisition of Geezeo and NCR's purchase of D3 Technology are fueling predictions that more small-business data firms will be takeover targets for legacy techs trying to court small bank and credit union customers. ... Read full article
Chime reports big user growth, but rival Varo questions numbers
The CEO of the digital-only bank Chime says it has quadrupled its membership in a year. So why doesn't his counterpart at Varo believe him? ... Read full article
JPMorgan Chase to give $125M to global financial health programs
The total includes donations to community groups helping low-income people, support for the development of financial coaching programs and investment in the creation and testing of fintech tools that can help underserved people. ... Read full article
Can this app help small banks attract millennial savers?
Plinqit, led by a former banker, was developed specifically for community banks as a way to appeal to young customers. ... Read full article
After JPMorgan Twitter bungle, how should banks talk about personal finance?
When a tweet drew backlash from customers and politicians on Monday, it brought into question how banks should couch their messages on social media. ... Read full article
How BBVA overhauled its mobile banking app
Alex Carriles, who runs mobile, online and digital accounts at BBVA Compass, describes how updates like account aggregation and expense analysis have helped increase use of its app. ... Read full article
Bank of America aims to be ‘mission control’ for digital banking customers
David Tyrie, the bank’s new head of digital banking, shares plans to offer customers constant course corrections and its new Life Plan product, and the latest on the virtual assistant Erica. ... Read full article
Small core providers see de novos as a ‘land grab’ opportunity
Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront. ... Read full article
How 6 million Bank of America customers are using Erica
The most popular features of the AI-driven virtual assistant include transaction search and spending alerts. ... Read full article
The app that stashes savings in a ‘money jail’
Fifth Third is helping consumers — and millennials in particular — save for big-ticket purchases with a new tool that squirrels away small sums into an account that can’t be immediately accessed. ... Read full article
Yodlee acquires conversational AI startup
The data aggregator has purchased Abe AI and plans to use the artificial intelligence firm's technology in a host of applications. ... Read full article
Huntington building AI into digital advice tools
Its savings, budgeting, spending and goal-setting tools, combined with artificial intelligence to add smart insights and advice, are a good example of how regional banks are trying to distinguish their mobile products from those of bigger banks with larger ... Read full article
