PFM

The banks' newest offerings hope to attract young clients and keep them there for life. But they face stiff competition.

The fintech is partnering with Choice Financial in North Dakota to create a Douugh-branded checking account and debit card that will prominently feature an AI-based virtual assistant named Sophie.

The fintech is partnering with Choice Financial in North Dakota to create a Douugh-branded checking account and debit card that will prominently feature an AI-based virtual assistant named Sophie.

Letting employees decide when they get paid through a mobile app that connects to an institution's prepaid card can serve the same purpose as a payday loan but cost the consumer less.

Letting employees decide when they get paid through a mobile app that connects to a bank's prepaid card can serve the same purpose as a payday loan but cost the consumer less.

Catering to young clients, Finn by Chase blends instant account access, emojis and PFM tools.

Stash is the latest young fintech to pair debit and savings products with financial advice as it competes for millennial clients.

Banks such as Citigroup, Regions and TD have decided they need to offer mobile customers truly customized experiences. They are experimenting with different ways of doing so that come across as helpful without being intrusive.

Tim Welsh has spent his first two months on the job thinking about how to make U.S. Bank as central to consumers’ lives as Amazon, develop new personal financial management services, and expand into new cities.

Separate apps for banking and PFM are too much for most customers to handle, so the Canadian bank is adding automated advice and savings to mobile banking — and it’s relying on artificial intelligence and predictive analytics to make it all work.

It sounds like a crazy mix, but Fifth Third says its new app would help young consumers round up debit card purchases and apply the money to their burdensome student debts. The motivation to attract millennials is clear, but will it work?

First Tennessee took a leap of faith to hire a young digital services company for its overhaul of mobile and online operations, and it says its decision has paid off.

Two popular personal financial management apps are being shut down this week. But optimism remains about banks' investing in PFM tools — so long as they rethink a technology that has failed to win over the masses.

Today a money management app, tomorrow — if all goes according to plan — a portal to all one's accounts.

It is the latest of several popular apps to close down in recent weeks.

The tie-up comes as banks put more resources into helping customers manage their finances digitally.

Through the partnership, Clarity Money customers can use Acorns’ automated investing features, while Acorns users can see a snapshot of their investing activity in the Clarity app.

The app allows users, many of them first-time investors, to get started for as little as $5.

The companies will use an application programming interface to let Chase customers send the data to the apps Finicity supports, including personal financial services apps and income verification tools.

Digital banking services should solve consumers' problems and offer them advice, and they must rely on artificial intelligence and other cutting-edge technology, bankers from TD, RBC and Bank of the West said.