Entries by Steve Smith, CEO

Developing a Meaningful Company Culture

As a CEO, there is truly nothing better than learning that your team members are inspired and motivated by their work. To know that my colleagues feel validated and that they look forward to walking through Finicity’s doors every day is exceptionally meaningful. So I was completely delighted to learn that Finicity earned a place […]

Finicity mourns passing of Envestnet CEO and wife

I am saddened today at the news of the passing of Jud Bergman and his wife Mary Miller-Bergman in a tragic car accident in San Francisco.  Jud was an early innovator in the consumer-permissioned financial data space and helped build Envestnet into what it is today serving thousands of financial advisors and millions of consumers. […]

The Empowered Consumer and the Future for Financial Data

At Finicity, one of our catchphrases is, “better data, better decisions.” We know that greater access to personal financial data means improved quality of life. Today’s innovations using consumer data in the field of financial services, like those developed by Finicity, mean increased speed, convenience, and insights for individuals, families and organizations tomorrow. Their resources […]

What does a truly empowered consumer look like?

If we’re serious about empowering consumers, we have to commit to putting tools and products in the hands of all consumers. It’s not enough to cater to consumers that are already in the know, who already take advantage of digital solutions to enhance their financial lives. Empowering consumers has to be about delivering simple products […]

Driving Financial Wellness with Data

From choosing a restaurant to finding that next vacation destination, data plays a significant role in everyday decision making. The same should hold true when it comes to daily finances. To better understand whether data is being used to improve financial wellbeing, we surveyed 1,500 consumers on their various financial habits. Respondents were evenly distributed […]

Mortgage Lending is Experiencing a Revolution

The past several years have seen digital transformation revolutionize consumer choice across virtually every industry. And in many cases, that choice has anointed new victors, such as Netflix, AirBNB, Uber, and left many vanquished or significantly diminished.  The speed at which the transformation can occur is truly astounding. Did Netflix become the world’s largest movie […]

Enhancing the Data-sharing Experience at USAA

For so many people, money is a great source of stress.  As a matter of fact, a whopping 71 percent of Americans worry about having enough to cover their expenses. And this is just one element of finances that occupy people’s time and energy. For individuals and families, improving their financial wellness and achieving financial […]

Finicity named a 2018 CFSI Financial Health Leader

The Center for Financial Services Innovation (CFSI) named Finicity one of its 2018 Financial Health Leaders. Financial Health Leaders are organizations in the CFSI Financial Health Network who are at the forefront of measuring financial health and then show their commitment to consumer financial health by taking steps to measure and improve the financial health […]

Why are Digital Lenders Crushing it?

For the past six quarters, more lenders have had a negative profit margin outlook than positive. For the past five, competition has been cited by 78 percent of lenders as the main cause for that negative outlook. Conversely, only 17 percent of lenders had a positive profit margin outlook. That 17 percent also hold the […]