Entries by Finicity Editor

COVID Credit Crisis Reveals Need for Better Credit Review Process

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, […]

Americans Personally Impacted by COVID Economy Worried Even If Work Returns, Credit Will Not

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 […]

Working Together to Strengthen Data Sharing

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, […]

TD creates North American data-access agreement with Finicity

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 […]

4 Reasons to Use Data Like Never Before

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 […]

How a Digitization Strategy Can Empower Your Mortgage Business

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 […]