Apps from Even, Digit, Prism and others aim to ease financial strains on households of modest means. Photo: DigitAt a time of volatile household incomes and widespread economic insecurity, the latest innovations in financial technology may help bring some peace of mind and a little stability to financially stressed American families. Another app, Digit, from Hello Digit Inc., attempts to make saving easier. Trends convergeThis proliferation of fintech apps in the past few years is the result of a convergence of forces. And there is the capacity and (sometimes grudging) willingness of big banks to let customers give fintech apps access to customers’ financial data.

Source: Wall Street Journal April 25, 2017 02:03 UTC