Cheddar Launches Free Spend Tracker to Revolutionise Personal Finance Management
- 1 year 6 months ago
- Personal Finance
Cheddar announces the launch of its innovative free spend tracker, a groundbreaking tool set to redefine personal finance management. An evolution of existing app offerings such as Snoop, Monzo, Plum, and Emma, Cheddar delivers unparalleled accuracy with over 98% precision in categorising transactions.
TransUnion Partners with Vulnerability Registration Service to Enhance Consumer Insights
- 1 year 6 months ago
- Personal Finance
Global information and insights company TransUnion has today announced its partnership with the Vulnerability Registration Service , a not-for-profit organisation dedicated to supporting vulnerable consumers. This partnership marks a significant step forward in understanding and addressing consumer vulnerabilities in the UK.
Zopa & ClearScore-led Campaign Pledge2025.org Surpasses 15 Million Actions Milestone in bid to build the financial resilience of UK consumers
- 1 year 6 months ago
- Personal Finance
The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective.
Overstretched Britain: One in Four Have Fallen into Troubling Financial Behaviours
- 1 year 6 months ago
- Personal Finance
More than a quarter (27%) of the UK public has fallen into troubling patterns with their finances, with many having engaged in risky financial behaviour over the last year, according to new research from Moneyhub.
"Creditspring": 2.3M Parents Won’t Be Able to Afford Any Summer Activities for Their Children This Year
- 1 year 7 months ago
- Personal Finance
Family finances are at breaking point with 2.3 million parents unable to afford any activities for their children during the upcoming summer holidays, reveals research from responsible lender Creditspring*.
Social Media Inspires Gen Z to Save More and Budget Better
- 1 year 7 months ago
- Personal Finance
Social media could inspire a new generation of savvy savers and fiscally responsible young adults, with 74% of Gen Z taking part in social media-based challenges to boost their overall savings, as revealed in the latest NatWest Savings index. Compared to other age groups, Gen Z is the most likely of any generation to budget. Almost seven in ten (69%) 18-24 year olds say they create a budget for their finances, in contrast to those aged 65 and... more
Moneyhub Research Reveals 40% of Customers Unaware of FCA’s Consumer Duty Changes
- 1 year 7 months ago
- Personal Finance
A year on from the introduction of the FCA’s Consumer Duty (CD) obligations for financial services firms, as many as two-fifths of customers have not noticed any changes to their treatment, according to research from engagement, data and customer journey platform Moneyhub. With the deadline fast approaching for financial services firms to apply the Consumer Duty to closed products, the research indicates that firms still have work to do to... more
FIS: UK Consumers Addicted to ‘Financial Doomscrolling’ Fuelled by Economic Angst
- 1 year 7 months ago
- Personal Finance
Global financial technology leader FIS® has conducted new research showing that widespread financial anxiety among UK consumers has led to a phenomenon known as 'financial doomscrolling’ - a term describing the excessive monitoring of account balances and banking apps.
GFT: Consumers Seek More Bank Support as Debts Mount
- 1 year 7 months ago
- Personal Finance
The average British consumer has almost £2,700 of credit card debt, and more than a third have, or contemplated taking out, a payday or short-term loan to cover rising debt costs in the last 12 months, according to new research. Despite this mounting debt, over a third (39%) of consumers are not using any tools to help manage their spending. Around one in four (26%) are still using manual software such as Microsoft Excel to track their... more
Germany Cost of Living Crisis Drives 62% Increase in Prepaid Card Use, with 1 in 4 Users Using Them to Avoid Debt
- 1 year 8 months ago
- Personal Finance
Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by leading online prepaid payment firm Recharge.
Consumers Seek More Bank Support as Debts Mount
- 1 year 8 months ago
- Personal Finance
According to new research, the average British consumer has almost £2,700 of credit card debt, and more than a third have, or contemplated taking out, a payday or short-term loan to cover rising debt costs in the last 12 months. Despite this mounting debt, over a third (39%) of consumers are not using any tools to help manage their spending. Around one in four (26%) are still using manual software such as Microsoft Excel to track their expenses.
Personetics Recognized by Celent as a Global Leader in Personal Financial Engagement (PFE) for Retail Banking
- 1 year 8 months ago
- Personal Finance
Personetics, the global leader in AI-based personalized engagement solutions for financial institutions, has been prominently featured in a new report from leading analyst firm Celent titled "Personal Financial Engagement Solutions for Retail Banking." The report provides an in-depth analysis of the rapidly evolving personal financial engagement (PFE) solution space and the capabilities of 13 vendors.
44% of U.S. Consumers Are Open to AI in Banking – With a Few Caveats
- 1 year 8 months ago
- Personal Finance
U.S. banking customers are warming up to the idea of artificial intelligence (AI), with some parameters, according to a new report released today. The Banking Disruption Index from global digital transformation company GFT finds that 44% of U.S. consumers say they are happy with AI being used within their personal banking experience, as long as banks allow them visibility into how it’s being used. They also have strong opinions about which... more
Consumers Are Crowdsourcing Their Financial Services, While Banks Risk Losing Primary Status
- 1 year 8 months ago
- Personal Finance
85% of consumers say they have positive experiences with their primary financial institution (FI), yet they’re using as many tools or services with other financial providers as they are with their primary FI, according to a new study released today by Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc.
