The Fintech Times

FEBRUARY 12, 2024

New research has been released by Capital One Insights Center , the research facility for the America-based bank, revealing the extent of consumers’ digital and financial literacy. The Capital One research shows some promising signs and some causes for concern simultaneously.

Financial Literacy 69

Financial Literacy Consumer Online and Mobile Banking Enrollments 69

PYMNTS

APRIL 24, 2019

April is Financial Literacy Month , a congressionally-backed effort to educate Americans about healthy financial practices and habits. At first glance, these consumers wouldn’t seem to be struggling financially, which is further proof of income and academic education being no substitute for financial literacy.

Financial Literacy 68

Financial Literacy Consumer Credit Cards Finance 68

PYMNTS

JUNE 1, 2020

Americans are known the world over for many things, but financial literacy isn’t one of them. GoBankingRates offered up a six-question money quiz a bit back to the public to let consumers test their inherent knowledge of financial literacy and only about 3 percent of respondents managed to pass. percent had none.

Financial Literacy 69

Financial Literacy Consumer Mitigation Finance 69

The Fintech Times

MARCH 14, 2025

Consequently, some have turned to financial support means available to them as international law firm Charles Russell Speechlys reveals Gen Z’s finance and savings trends. Time for caution However, there was an almost equal amount of Gen Zers that said they would sparingly use financial support.

Finance 59

Finance Financial Literacy Advisors Laws 59

PYMNTS

JUNE 15, 2018

A new study reveals that while Americans are generally overconfident in their financial knowledge, only a few could score a top grade on a financial quiz. The research data, compiled from 1,200 online surveys of U.S. consumers have not attended a financial literacy program.

Financial Literacy 51

Financial Literacy Credit Union Research Participant 51

The Fintech Times

OCTOBER 9, 2024

For people to ensure the best financial outcomes for themselves, and to minimise the dangers of getting into a hole they can’t get out of, financial literacy is critical. Financial literacy alone doesn’t always safeguard individuals from financial difficulties.

Financial Literacy 52

Financial Literacy Accounts On-Demand Finance 52

The Fintech Times

JANUARY 23, 2025

As such, Sandrine Markham , global lead sustainable finance solutions, Finastra , the financial software applications and marketplaces provider, explores the positive impact the corporate lending sector will have on financial well-being.

FinTech 64

FinTech Financial Literacy Cross-Border Online and Mobile Banking 64

Fintech News

FEBRUARY 26, 2024

Visa is collaborating with the GSMA Mobile for Development Foundation to launch the Digital Finance for All (DFA) initiative. However, poor digital and financial literacy is a key barrier to accessing digital financial services, especially for certain population segments like women, farmers and micro-merchants.”

Financial Inclusion 104

Financial Inclusion Finance Financial Literacy Underserved 104

Fintech News

SEPTEMBER 3, 2024

This first-of-its-kind account in Singapore allows children aged seven to 15 to manage their finances digitally via the OCBC Digital app, under parental supervision. The OCBC MyOwn Account aims to fill this gap by providing a platform where children can manage their finances within boundaries set by their parents.

Accounts 120

Accounts Financial Literacy Freeze Account Debit Card 120

Fintech Finance

JULY 2, 2024

The study also revealed that 31 per cent of those surveyed believe schools should prioritise teaching students financial literacy over foreign languages. Whilst foreign languages of course open up opportunities and cultural experiences, financial inclusion is just as important.

Financial Literacy 98

Financial Literacy Financial Inclusion AI Payment Networks 98

Finextra

JUNE 11, 2025

Beyond Payments: Wallets as Ecosystem Gateways Digital wallets are evolving into multi-functional personal finance and identity platforms. Velocity: Financial Awareness in the Digital Age Digital payments introduce both clarity and opacity in consumer finance.

Consumer 52

Consumer Payment APIs and Integration Payments Microtransactions 52

Fintech Finance

SEPTEMBER 23, 2024

We are thrilled to bring this financial wellness tool to U.K. workers, empowering them to take control of their earned pay and improve their financial well-being.” According to research from the UK’s Money and Pensions Service (MaPS), more than 16 million U.K. workers have missed payments on key household bills in 2023.

Financial Literacy 96

Financial Literacy Small Business Finance Research 96

The Fintech Times

MAY 13, 2025

According to research from responsible lender, Creditspring , only three per cent of people are able to accurately calculate interest payments due on loans. While a third (33 per cent) say that finances are too complicated for them to understand, this rises to 43 per cent of younger people (aged 18-34).

Financial Literacy 45

Financial Literacy Caps Research Risk 45

Fintech News

OCTOBER 28, 2024

The 2024 Hackcelerator, themed “Improving Financial Health,” aims to foster solutions that help individuals and businesses manage their finances more effectively. The Vitto app improves financial health by helping users manage their personal finance through automated expense tracking, personalised budgeting, and financial insights.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

The Fintech Times

JUNE 5, 2024

Most consumers in the UAE are confident in managing their finances, although gaps in financial knowledge persist, according to Visa ‘s 2024 Financial Literacy Survey. However, despite this confidence, many consumers still lack a full understanding of critical financial concepts.

Financial Literacy 59

Financial Literacy Finance BNPL Credit Cards 59

The Fintech Times

JANUARY 31, 2025

. “For this transformation to succeed, it must be supported by our financial and professional services industries nationwide, with Scotland playing a pivotal role in driving this growth. She added that as part of a working group, it is currently developing a financial inclusion dashboard to track and analyse data on financial inclusion.

FinTech 59

FinTech Financial Inclusion Research Financial Literacy 59

Fintech Finance

FEBRUARY 26, 2024

Today, Visa (NYSE: V), a leading global payments technology company, and the GSMA Mobile for Development Foundation (GSMA Foundation) announced the launch of the Digital Finance for All (DFA) Initiative, furthering Visa’s decades-long efforts to increase access to the global economy for everyone, everywhere.

Financial Literacy 52

Financial Literacy Finance Financial Inclusion Economy 52

Fintech News

APRIL 3, 2024

Opportunities for Financial Inclusion for Women Opportunities for Financial Inclusion for Women, Source: Her Fintech Edge: Market Insights for Inclusive Growth, International Finance Corporation, Mar 2024 But despite the potential of fintech solutions, barriers to access and adopt these services persist.

Financial Inclusion 128

Financial Inclusion FinTech Financial Literacy Non-Bank 128

Fintech News

FEBRUARY 26, 2024

World Economic Forum and the Cambridge Centre for Alternative Finance The Driving Forces Behind Fintech Industry Rise Central to the fintech narrative is the remarkable surge in consumer demand for digital financial services. However, the fintech sector’s journey is not without its challenges.

FinTech 143

FinTech Consumer Financial Inclusion On-Demand 143

Fintech Finance

MARCH 6, 2024

Women are more likely than men to be embracing new digital financial services such as mobile wallets and Buy Now, Pay Later (BNPL) according to new Marqeta research. The research highlights trends in men and women’s ability to access, use and benefit from new financial services offerings in the United Kingdom.

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Research BNPL Embedded Finance Embedded Payments 59

The Fintech Times

SEPTEMBER 24, 2024

As a huge number of people continue to grapple with a drastically increased cost of living, many have seen their financial health significantly worsen. In the UK, 29 per cent of adults reported that their financial health has deteriorated over the past six months alone, according to new research from data and payments fintech Moneyhub.

Financial Literacy 69

Financial Literacy Consumer Service Provider On-Demand 69

PYMNTS

FEBRUARY 13, 2019

One of the most attractive characteristics of the enterprise app space is that out-of-the-box solutions can save on research and development costs, with companies rolling out enhanced onboarding and integration capabilities to limit disruption. One is what he described as “math phobia.”

Finance 75

Finance Financial Literacy Accounts API 75

The Fintech Times

JANUARY 31, 2025

The firm claimed its funds were screened to exclude bond issuers with activities in the likes of fossil fuels, although the Australian Securities and Investments Commission found that as much as 74 per cent of the securities in the fund (by market value) were not researched or screened against applicable ESG criteria.

FinTech 64

FinTech Audit Financial Inclusion Advisors 64

Finovate

AUGUST 5, 2024

In partnership with financial literacy platform Doshi, Yorkshire Building Society is offering online financial education to first-time prospective homebuyers. Only 34% stated that the ability to repay debts was important when it comes to obtaining the financing necessary to buy a home.

Financial Literacy 59

Financial Literacy Non-Bank Credit Union Process 59

The Fintech Times

AUGUST 21, 2024

New data from research by credit app, ClearScore , conducted in partnership with UK-based The Money Charity reveals that a lack of financial education during school years has hurt people’s financial decision-making later in life. “At ClearScore, we want to empower, educate and save people money. .”

Void 64

Void Financial Literacy Finance Research 64

The Fintech Times

DECEMBER 9, 2023

“With Quadient and Signal research revealing only eight per cent of consumers actually understand information on new overdraft charges when tested, banks should remember that new Consumer Duty regulations aren’t just a ‘one and done’ thing. “Communication and customer service need to be a key focus for 2024.

Consumer 111

Consumer Financial Literacy Regulations AI 111

Nanonets

APRIL 3, 2024

And, just like Robinhood and commission-free trading democratized trading and investing, ChatGPT is also capable of democratizing wider financial literacy by making complex topics easily understood and digestible. Research New Markets or Opportunities In many ways, ChatGPT is like a search engine on steroids.

Finance 52

Finance Use Case Fed Financial Analysis 52

Tearsheet

DECEMBER 4, 2024

BNPL taps directly into this mentality, shares Matt Britton, CEO of Suzy , a SaaS market research and consumer insights platform, in a recent Tearsheet Podcast episode. “I According to Britton, many BNPL users are disproportionately financially vulnerable — individuals with limited savings, irregular incomes, or a lack of financial literacy.

BNPL 52

BNPL Financial Literacy Credit Cards Consumer 52

PYMNTS

OCTOBER 1, 2018

For example, alternative finance in the U.K. SMBs are too unfamiliar with alternative finance to turn to online players. Explore some of the latest stats behind small business financing below. Explore some of the latest stats behind small business financing below. Peer-to-Peer Finance Association (P2PFA).

Small Business 46

Small Business Financial Literacy Finance Credit Union 46

PYMNTS

APRIL 16, 2019

In a press release Tuesday (April 16), Klarna said the hub will be home to personal finance tips and ideas that come from third-party contributors chosen by Klarna. The executive went on to note that Klarna’s research shows that 54 percent of Gen Z and Millennials also want more sources of agenda-free information.

Research 67

Research Finance Product Financial Literacy 67

The Fintech Times

JULY 4, 2024

Research has revealed major gaps in the wealth management industry’s ability to engage younger demographics. Its research points to a broad disengagement among young investors, with many feeling overwhelmed by investment principles and dissatisfied with the control they have over their financial decisions.

Financial Literacy 59

Financial Literacy On-Demand Research Addressing 59

The Fintech Times

MAY 21, 2024

By leveraging modern technology, alternative data, and advanced analytics, we can build an equitable finance ecosystem where everyone can access the financial services they need to thrive. The industry must come together to prioritise financial inclusion.”

Verification 59

Verification Identity Theft Legal Financial Literacy 59

The Fintech Times

OCTOBER 3, 2024

Furthermore, many of these people are unbanked as research reveals 80 per cent of the population does not have access to financial services. Access to finance There are four major commercial banks operating in the country, however, the Bank of South Pacific is by far and away the most dominant in the market.

Financial Inclusion 52

Financial Inclusion Financial Literacy Government Governance 52

Fintech News

DECEMBER 17, 2023

Akulaku – US$2 billion Indonesia’s most valuable fintech startup is Akulaku, an online banking and digital finance platform valued at US$2 billion. Founded in 2016, Akulaku provides digital banking, financing, investment and insurance brokerage services, targeting financial underserved demographics.

FinTech 52

FinTech Financial Literacy Online and Mobile Banking Financial Inclusion 52

The Fintech Times

APRIL 20, 2024

Nonetheless, when used responsibly the payment method can be very helpful to users and provide them with a financial lifeline; users are becoming increasingly aware of this. Research from Juniper Research has revealed that by 2028, the BNPL userbase will increase by 107 per cent to, from 380 million users in 2024.

BNPL 72

BNPL Regulations On-Demand Checks 72

PYMNTS

AUGUST 27, 2019

That led to some early market research that proved they were far from the only parents to have these problems. However, as Laura Levine, CEO of the JumpStart Coalition for Personal Financial Literacy noted in an interview with USA Today — the tool itself is only as good as the users of it.

Debit Card 63

Debit Card Financial Literacy Accounts ATM 63

CB Insights

JULY 25, 2019

Startups are now eyeing opportunities to develop fintech services aimed at helping older individuals improve their financial well-being, from estate planning to fraud prevention, aiming to provide this potentially lucrative — and increasingly tech savvy — demographic with more power over their finances. Source: Capital One.

FinTech 73

FinTech Online and Mobile Banking Elder Abuse On-Demand 73