Post Tagged with: "savings"

Can Friends and Family Help Customers Save Money?

Can Friends and Family Help Customers Save Money?

by September 16, 2016 at 10:27 am 0 comments

Saving isn’t sexy, and more to the point, it doesn’t earn banks as much money as spending does–at least in today’s near-zero interest rate environment. The recent Wells Fargo scandal over unauthorized account openings and the fees that followed them shines a spotlight on a longstanding problem for retail banking: banksRead More

Startup Hip Money Launches Kickstarter to Raise (Social) Capital

Startup Hip Money Launches Kickstarter to Raise (Social) Capital

by May 18, 2016 at 12:05 pm 0 comments

Crowdfunding is itself a fintech innovation, yet few fintech startups have tapped it for funding. (Unless you count 195 takes on the “slim wallet” to be fintech — sheesh!) Savings startup Hip Money, an offshoot of Lincoln, Neb.-based Hip Pocket, is taking to Kickstarter not just to raise money, but toRead More

Hip Pocket Launches Hip Money, a PFM Savings Tool

Hip Pocket Launches Hip Money, a PFM Savings Tool

by October 12, 2015 at 12:44 pm 1 comment

It’s no secret Americans aren’t great at saving, and the financial services community — belatedly — is rolling out new solutions to help. There are startups like Dyme and Digit that help simplify the savings process; neobanks like Simple and Moven that provide sophisticated budgeting tools to help plan for purchasesRead More

Moven Stresses Financial Planning in New Video

by June 12, 2015 at 2:00 pm 0 comments

Where Simple went for sentiment, Moven goes for laughter. The banking service’s new video, released Monday, shows a pair of millennials making plans — or, not making plans — for the future. The ad is subtle in that it doesn’t show the actual features Moven users have at their disposal, butRead More

Simple Shows Off Goals, Tugs Heartstrings [VIDEO]

by May 19, 2015 at 5:03 pm 1 comment

Simple shows off its savings goals in an effective and emotional video, released today. Simple, a branchless bank account, was bought by BBVA in 2014 for $117 million.

Social Money’s New Savings Tool Already Gaining Customers

Social Money’s New Savings Tool Already Gaining Customers

by October 10, 2014 at 3:47 pm 0 comments

There’s no secret how challenging it is to make money off of low-balance, “free-checking” customers. (Just ask M&T.) But Social Money‘s president, Scott McCormack, thinks he has a pretty good solution under his roof, and soon he’ll have the clients to prove it. One client is slated to sign ontoRead More

How Any Company Can Now Become a Bank

How Any Company Can Now Become a Bank

by April 29, 2014 at 11:20 am 0 comments

A newly unveiled service now lets any company offering “banking.” Prepaid player Synchology and savings platform provider Social Money have come together to offer a bank-like product that brands can sell to their customers. The “integrated financial services product” features a Visa prepaid debit account, goal-based savings, a rewards programRead More

5 Drivers of Growth for Prepaid Cards

5 Drivers of Growth for Prepaid Cards

by May 8, 2013 at 12:01 pm 2 comments

Call it the Year of the Prepaid Card. It is estimated that prepaid purchase volume will top $150 billion this year and is expected to grow $45 billion over the next five years, according to Javelin Research & Strategy. Between 2009 and 2012 consumer use of prepaid cards grew 71%. So whatRead More

Finding the Honey in Online Shopping

Finding the Honey in Online Shopping

by February 8, 2013 at 10:16 am 0 comments

Have you ever hunted around for coupon codes during the checkout process at an e-commerce site? (I hope so — there are deals to be found!) If you’re in a hurry, or not having much luck, it can get frustrating. Enter Honey, a new browser add-on launched last November that,Read More

Bye Bye Checking (and Current) Account

Bye Bye Checking (and Current) Account

by May 29, 2012 at 10:08 am 0 comments

I’ve been recently debating with bankers and credit union executives on the core banking proposition they offer to new prospects. One of the realizations that led me to this was some recent research released by Aite Group around the ‘debank…