While 55% of Britons believe their mental health and wellbeing are impacted by financial worries, many will avoid seeking advice from banks for fear of judgement. Plum gets around this with its Facebook Messenger-based bot that helps users save up, track their spending, and start investing.
Nearly seven in ten Americans have less than $1,000 in their savings accounts, and 34% have nothing set aside whatsoever. Conserving cash can be difficult, but finance app Digit wants people to leave it to a bot. How has it managed to save people over $230 million in just 18 months?
American Gen Yers have never been in so much debt – those aged 30-39 owe a combined total of $408.4 billion in student loans alone – and as they start to have families, their money worries are only growing. How can apps like Wela helping these young households tackle their financial crises?
Although people may avoid talking about their finances in polite company, that doesn’t mean they aren’t thinking (and fretting) about them. Canvas8 spoke to 20 men and women from across the UK to find out how good they are at sticking to a budget and tracking their spending.
There’s a seismic change underway in the banking sector, with challenger brands taking on the traditional Big Five. At the forefront is Monzo, a mobile-first digital bank that’s designed with tech-savvy customers in mind. Can its clever app and round-the-clock support convince Brits to switch?