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Home›Spontaneous financing›The ranking of personal finance apps has a big gain

The ranking of personal finance apps has a big gain

By Roy George
March 8, 2022
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When it comes to personal finance, it’s probably best not to have any surprises. The latest edition of PYMNTS’ personal finance app vendor rankings keeps things nice and stable, for the most part, with some minor changes among competitors.

There’s a big change, but it’s a good one. An app has gained seven points and five places in the leaderboard since the last time. So, let’s check the sums and see where things stand this time around.

The Top 5

Retaining first place is Carillon. This app was ranked first a month ago and is there again with a score of 99.

There is another familiar name in second place. Stash shared this spot last time out but now has it all with a score of 97.

The app that shared this location last month slipped to No. 3. Robin Hood is three points behind with a score of 94.

Ejected from third place, Albert Save and spend smarter landed at No. 4. This app is only one point behind with a score of 93.

After fairly quiet activity so far, here’s a big change: mint has jumped five levels in the rankings since last month. The app now sits at No. 5 with a score of 89, seven points higher than last time. Mint got an invoice trading tool in January. Look how he drives a tough business!

Top 10

Crushed by a few moves in the upper rankings, Running slipped two places and landed at No. 6. He is three points behind the application ahead of him with a score of 86.

Also sliding two levels in the ranking is tassels. This app is ranked seventh with a score of 85.

A small step back from the last time is Loyalty investments. This application is now at position #8.

Continuing the trend, Emma Budget Manager dips a spot on the list and is now ranked ninth.

To complete this month’s top 10, Financial Wellness MyWisely. This app has slipped four spots in the rankings but remains among that elite group.

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NEW PYMNTS DATA: ACCOUNT OPENING AND LOAN SERVICE IN THE DIGITAL ENVIRONMENT

On: Forty-two percent of US consumers are more likely to open accounts with financial institutions that facilitate automatic sharing of their bank details upon sign-up. The PYMNTS study Account opening and loan management in the digital environmentsurveyed 2,300 consumers to explore how FIs can leverage open banking to engage customers and create a better account opening experience.

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