When the COVID-19 pandemic hit earlier this year, the widespread economic fallout and impending job loss were staggering. Almost overnight, millions of Americans faced income loss that made it difficult or impossible to pay bills, credit cards and loan payments. As the crisis continues, consumer credit scores are likely to drop on a mass scale, […]
Report Shows Americans with Income Under $50,000 Particularly Anxious; Borrowers Looking for Better Credit Review Processes as COVID Exposes Limitations of Current Methods SALT LAKE CITY, Utah — Aug. 11, 2020 — Americans suffering personally from the financial impacts of the COVID economy worry, even when the pandemic crisis wanes and the economy begins to […]
One of the most notable trends in consumer empowerment is their ability to access and use their financial data. Like large enterprises, consumers can benefit from their ‘big data’ to improve their lives and achieve their financial goals. Key to this is enabling simple and secure access to and permissioned use of their data. Today, […]
New agreement signifies alignment between TD and the financial technology company about access to customer financial data TORONTO, August 7, 2020 – TD Bank Group (TD) today announced a new data-access agreement with Finicity, which lays the groundwork for customers to request TD to facilitate the transfer of their financial data to services they want […]
Before 2020, companies pushed towards using more and better data in an attempt to be positioned at the apex of innovation. Once COVID-19 hit, putting consumer-permissioned data to use was no longer optional, as traditionally-run organizations were forced to adapt to remote-working conditions overnight and throwing people at a problem couldn’t be done effectively. As […]
Before 2020, the mortgage industry pushed towards digitization to be on the cutting edge of innovation. Once COVID-19 hit, digitization was no longer optional, as traditionally-run mortgage companies were forced to adapt to remote-working conditions overnight. Amid today’s challenges, agility is the key to growth. In the mortgage industry, that agility can be achieved through […]
CEO Steve Smith talks about how embracing digitization and implementing a more transparent credit decisioning process can help small businesses in today’s challenging circumstances. Read the full article at SmallBizDaily.
Finicity CEO Steve Smith spoke to Banking Dive about the Mastercard deal, how it compares to Visa’s plans with Plaid, and the future of open banking in the U.S. Read the full Q&A at Banking Dive’s website.
In a discussion with Squawk on the Street’s Jim Cramer, Michael Miebach, Mastercard president and incoming CEO, discusses the acquisition of Finicity for $825 million as well as how the coronavirus pandemic has impacted business. Watch the video below or watch it on CNBC’s website.
Craig Vosburg, Mastercard North America President, joins Yahoo Finance’s Brian Sozzi and Alexis Christoforous on The First Trade to break down the details of its $825 million dollar purchase of the financial data company Finicity. Watch the full interview on Yahoo! Finance’s website.
