Entries by Finicity Editor

Secure Account Opening Wins in a Digital World

In a hyperconnected world, it’s hard to name a transaction, financial or otherwise, that takes more than a few moments. Much of our business and personal lives take place on a tiny mobile screen. Instant results are the universal expectation. Buying a pair of shoes, commenting on a social post, and paying utility bills are […]

Jack Henry Partners with Open Banking Providers to Enhance Digital Platform

Jack Henry & Associates, Inc.® is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Jack Henry announced today that Finicity, Akoya, and Plaid are among the first open banking pioneers to integrate to the Banno Digital Platform using the Banno Digital Toolkit℠. This provides better security, privacy […]

PYMNTS: Account Opening at the Speed of Customer Expectations

Mastercard’s Jess Turner, EVP New Digital Infrastructure and Fintech, was featured in PYMNTS The Way Payments Are Now Done eBook discussing how account opening needs to follow customer expectations to provide the best experience possible. You can read the full report at PYMNTS, but here’s what she had to say:  As we contend with in-person […]

American Banker: Mastercard takes BNPL to bank apps

Mastercard announced a bank-driven buy now pay later (BNPL) platform to allow borrowers to apply for loans through mobile banking and be able to use a virtual card when making the purchase. The platform will pre-qualify borrowers for zero-interest installment loans. Approved borrowers can fund their purchases with participating lenders and repay the loans through […]

Rent payment history and pre-close verification meets the digital mortgage

While digital experiences are rapidly becoming the norm for mortgage lending, the verification process has largely remained a manual, paper-driven process. Fortunately, this is changing. Finicity, a Mastercard company, is the only authorized report supplier that offers a digital, single-vendor solution for assets, income, and employment authorized for representation and warranty relief through both Freddie […]

Fintech Times: Leveraging AI to Simplify Digital Verification

Nick Baguley, VP of Data Science at Finicity, writes in the Fintech Times about how artificial intelligence (AI) and machine learning (ML) has the ability to make lending and verification processes easier and more efficient. Most importantly he talks about what’s already happening today and where it’s headed. Read the entire article here.

PYMNTS: Open Banking and Permission is the Future of Lending

PYMNTS talked with Finicity CEO Steve Smith about open banking, open finance, data aggregation, where we’re headed with technologies and standards and how consumer-permissioned data is the future of lending. Innovation is largely occurring differently in each fintech segment so the usefulness of a broad open banking platform to provide relevant, quality data across investing, […]

Finicity Enhances Mortgage Verification Process with ICE Mortgage Technology

SALT LAKE CITY, UT – August 26, 2021 – Finicity, a Mastercard company and leading provider of open banking solutions, announced today that it is expanding its one-stop Mortgage Verification Service (MVS) availability within ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure. This […]