Category: Personal Finance
Personal finance and money management can be very confusing. Most people know that optimizing their finances is important but few feel confident that they have the knowledge to do so.
At Fioney we stay on top of the latest economic trends, financial products, and money management strategies in order to provide the knowledge to help you use the money you have today to live the life you want.
Learn to make your money work for you. Whether it’s getting debt free or buying a home we have you covered.
Personal Finance
Personal Finance
Upgrade Introduces Rewards Checking Account
Recent years have brought a flurry of FinTech and so-called neobanks, presenting some attractive alternatives to consumers seeking more for their money. Unfortunately, with interest rates falling tremendously in the past year, the APYs that many of these accounts once offered have been decimated, leaving startups to find other means of luring customers. In that vein, Upgrade (in partnership with Cross River Bank) has announced a new Rewards Checking account...
Personal Finance
Gemini Plans Crypto Rewards Credit Card
With Bitcoin and cryptocurrencies once again garnering a ton of public attention, there seems to be a renewed interest in making such assets as accessible as possible. This not only includes the likes of PayPal allowing users to buy Bitcoin and other tokens but also introducing ways for customers to acquire crypto assets. On that note, the FinTech Gemini has just opened the waitlist for its planned Bitcoin rewards credit...
Personal Finance
Visa and Plaid Call Off Acquisition Plans
One of the biggest FinTech deals of the past year will no longer be going forward. This week, Visa and Plaid announced that they have mutually agreed to terminate their merger plans. Visa originally intended to pay $5.3 billion for Plaid in an acquisition that was first announced almost exactly one year ago. The death of the Visa/Plaid deal comes after the purchase drew a lawsuit from regulators. In their...
Personal Finance
Walmart to Launch FinTech Firm with Ribbit Capital
One of the nation's largest and most iconic retailers is about to enter this FinTech field. This week, Walmart announced that it would be launching a financial technology startup alongside venture capital firm Ribbit. While no details about a name or debut for the company were revealed, the goal of the off-shoot will be to "deliver tech-driven financial experiences tailored to Walmart’s customers and associates." While this development may seem...
Personal Finance
Mobile Banking App Simple Announces Shut Down
When it comes to FinTech services, the acquisition of a startup can either mean good news for customers thanks to an influx of cash and resources or it could mean deterioration of a product due to neglect. Additionally, while things may seem to be going just fine for an app on the surface, underlying issues may unexpectedly emerge. These realities are what customers of the mobile banking app Simple are...
Personal Finance
U.S. Economy Lost 140,000 Jobs in December 2020
There's no question that 2020 will go down as one of the most challenging years in recent memory for many Americans. Yet, after major job losses in the spring of last year, employment began to rebound as businesses were allowed to reopen. Unfortunately, following months of slowing growth, job figures ended the year on a down note. According to the latest report from the U.S. Bureau of Labor Statistics, the...
Personal Finance
