Entries by Steve Smith, CEO

The Mortgage Lending Process is Experiencing a Revolution. Are You Ready?

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 through a Direct API

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 […]

FINRA (and now SIFMA) Alert is On Track; Here’s What You Need to Know

Editor’s Note: Following right behind FINRA, SIFMA also released data aggregation principles. They contain a lot of the same advice, but both are worth reading. Read below to find out how Finicity aligns with FINRA and SIFMA. The digital world has changed our lives dramatically.  We have more information and insights at our fingertips than […]

Alternative Data Accelerates Lending to Underserved

The world of mortgages is about to see one of its biggest shake ups. Right now, approving someone for a mortgage takes a lot of time and effort by both parties. Even after all that, it’s very dependent on a FICO score. Both of those things are about to change. The Federal Housing Finance Agency […]

Partnership with Experian to Transform Lending in Our Digital World

Today marks a major landmark for Finicity, and frankly for the lending marketplace.  Today we announced a solution partnership with Experian, the world’s largest credit bureau and a notable market innovator, to reimagine the lending experience through digital transformation. We live in a time of incredible change, and that change is occurring at a pace […]