Young consumers are integrating their mobile phones into their financial behavior, from payments to investments, and more established institutions are making changes to catch up. Capital One has acquired mobile budgeting and finance tracking app Level Money, which tells users how much they can spend each day based on their account balance. As “most official bank apps are ugly, hard to use, and siloed,” Capital One’s purchase may be a wise one, if they can avoid the curse of the “languishing” acquired startup and don’t stifle Level “under crushing layers of bureaucracy.” (The Verge)