Addition of industry veteran Tim Laukka expands executive team

Finicity, a leading provider of real-time financial data aggregation and insights, today announced an expansion of the executive team with the hire of Tim Laukka to the role of chief financial officer (CFO). Laukka joins Finicity with more than 25 years of comprehensive business and financial services experience, most recently as the CFO of Optum Bank, which specializes in financial services for the healthcare industry.

In his new role as CFO of Finicity, Laukka will be responsible for managing financial operations and human resources. Following its recently announced $42 million funding, the company is expanding its family of solutions and the product and development teams. Laukka’s extensive background in the financial services industry will be an additional asset to Finicity as its customers represent a broad range of financial institutions, fintech developers and even consumers looking to manage or improve their financial health.

“As we’ve experienced significant demand for our solutions and services, it’s imperative we have the company foundation to deliver,” said Steve Smith, CEO of Finicity. “Tim provides the leadership and expertise in corporate finance and human resources we need to build on our recent momentum and reach the next level of growth. We’re excited to have him join our team during such a notable time for Finicity and our industry.”

During Laukka’s tenure as Optum Bank’s CFO, he grew the financial institution from a $14 million de novo bank to the largest HSA provider in the nation, with assets in excess of $6 billion and 2.9 million account holders. Prior to Optum Bank, he was instrumental in the establishment of In2M, the predecessor to Finicity and its Mvelopes® personal financial management platform. Laukka’s background in financial services includes mergers and acquisitions, partnerships, SEC reporting and delivering profitable growth.

Laukka received his MBA from Michigan State University and is a member of the Utah Association of Certified Public Accountants.

Funding Led by Experian and Joined by Bridge Bank and Existing Investors

SALT LAKE CITY – December 7, 2016 – Finicity, a leading provider of real-time financial data aggregation and insights, has secured $42 million in new funding. Experian, a global innovator in consumer and business credit reporting, led Finicity’s Series B round, along with a venture debt facility provided by Bridge Bank and participation from existing investors.

Finicity will use the capital from its funding to expand its engineering and support teams, accelerating new solution development built upon its data aggregation platform. Expanding upon its financial management and payment initiation tools, Finicity will be offering a variety of solutions for the credit decisioning market. These solutions will streamline the loan origination process, improving accuracy while reducing risk and enabling a better customer experience. The initial offerings will focus on digitizing the legacy pen-and-paper process of asset and income verification.

The funding will focus on growth at Finicity Data Services while also reinforcing operations at sister businesses Mvelopes and Aurora.

“The emergence of the open financial web, and our ability to access and analyze account data, is enabling new thinking in financial services,” said Steve Smith, co-founder and CEO of Finicity. “This will improve existing processes and lead to better financial decisions for individuals and the institutions that serve them. We are grateful to Experian, Bridge Bank and our existing investors for believing in our vision and working with us to transform our market.”

Finicity has more than a decade of experience in financial data insights and aggregation. Its aggregation platform delivers transaction and account data, account history, account verification and account statement data. This information allows a wide variety of financial institutions and fintech partners to create services and solutions for their customers around personal financial management, wealth management, online banking, lending, expense reporting, digital payments and more.

Finicity solutions allow individual account owners to control and permission access to their financial data for use by financial institutions or fintech developers.

With its additional focus on credit decisioning, Finicity has also been recently certified as a credit reporting agency. This provides consumers and financial institutions with added assurances as to data integrity, and it facilitates accuracy and transparency in the credit decisioning process.

“With the multitude of disparate data sources in the financial industry, businesses are struggling to provide consumers with access to financial data through any application of their choosing. Bridge Bank is pleased to support Finicity in accelerating their business and further development of solutions that enable financial institutions and developers to deliver on the promise of data democratization,” said Kelly Cook, SVP, Bridge Bank Technology Banking.

Thomas Fast, Managing Director at Ultra Advisors, an independent investment banking division of KEMA Partners, advised Finicity on the transaction.

To stay up-to-date on Finicity news, announcements and press, visit www.finicity.com/newsroom. To learn more about Finicity products and services, visit www.finicity.com/products. For Mvelopes visit www.mvelopes.com, and for Aurora, visit www.aurorafi.com/products.

Fintech Firm Comes in at No. 22 for Midsize Businesses in Utah

SALT LAKE CITY — November 22, 2016 — Finicity, a growing fintech company based in Salt Lake valley, has been named a Top 25 Midsize Business in the Salt Lake Tribune’s Top Workplaces 2016 list, which covers the entire state of Utah. Coming in at no. 22, this is Finicity’s first appearance on the annual list.

“Making this list is an honor to our dedicated, hard-working employees here in Utah and globally,” said Nick Thomas, president and co-founder. “We’re up to 135 employees locally now and growing rapidly. I’m excited at the direction in which we’re heading.”

The Salt Lake Tribune has been compiling its Top Workplaces list for the past three years, increasing from a total of 50 companies listed in 2014 to 65 this year. Based on the highest ratings from employee surveys, in 2016 there were 15 “large” companies listed, followed by 25 each for the “midsize” and “small” categories.

The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, including alignment, execution and connection, just to name a few.

“The Top Workplaces award is not a popularity contest. And oftentimes, people assume it’s all about fancy perks and benefits,” says Doug Claffey, CEO of WorkplaceDynamics. “But to be a Top Workplace, organizations must meet our strict standards for organizational health. And who better to ask about work life than the people who live the culture every day — the employees. Time and time again, our research has proven that what’s most important to them is a strong belief in where the organization is headed, how it’s going to get there, and the feeling that everyone is in it together. Without this sense of connection, an organization doesn’t have a shot at being named a Top Workplace.”

To learn more about working at Finicity and upgrading your tech career, visit finicity.com/careers. To see the Finicity profile on the Tribune’s website, click here.

New offering for payment and funding apps provides industry’s broadest direct ACH account verification service in North America.

MURRAY, Utah — September 20, 2016 — Finicity, winner of the Finance API of the Year by API World, today announced the release of its new ACH Account Verification API. The service enables payment and investment app developers to rapidly verify account details required to initiate inbound ACH account transfers. With the broadest coverage of directly sourced account information in North America, Finicity provides financial app developers more than 1,400 direct integrations to dramatically improve new client onboarding and ongoing funds verification sourcing.

“At Finicity, we’re committed to expanding our APIs and services to enrich existing partner offerings and open new partner markets,” said Nick Thomas, co-founder and president of Finicity Data Services. “The ACH Account Verification API accomplishes both by providing foundational payment and investment account funding services across a high percentage of deposit accounts in the U.S.”

In addition to the new ACH Account Verification offering, Finicity continues to deliver premier Financial Data APIs for the industry, including transaction and account data, account history and account statement aggregation. As an industry leading financial data aggregator, Finicity is also the maker of the TxPUSH API, which makes it easier for developers to use the Finicity API platform to receive account and transaction data instantly.

For more information about core Finicity product offerings and services, visit www.finicity.com/products.

Financial Data API with TxPUSH recognized at API World for bringing innovation to the financial data realm

MURRAY, Utah — September 15, 2016 — Finicity, a leading financial data aggregator, announced today that its Financial Data API with TxPUSH was named winner of the Finance API of the Year by API World. Finicity accepted the honor this week at the API World 2016 conference in San Jose, California.

Finicity makes it their mission to democratize financial event data, improve financial data access security and unlock financial app innovation. The Financial Data API with TxPUSH aligns shared interests of consumers, developers and the banking industry to improve data security, propose a standardized API and enable real-time delivery of financial transaction data to account holders in the apps they choose.

“This recognition of our Financial Data API as the best in its class shows the ground we’ve covered in a short time and the benefits we can bring to the financial data ecosystem going forward,” said Nick Thomas, president and co-founder of Finicity. “We’re committed to furthering this mission and the implementation of the open financial web, which is backed by innovative APIs like TxPUSH.”

API World is the world’s largest vendor-neutral API conference and expo. The conference was held September 12-14 at the San Jose Convention Center. It featured 300 speakers, 75 exhibitors and 4,000 attendees who came together to discuss and learn about the integration of data, APIs, infrastructure and IT products. The event encourages networking of connections, knowledge, trust and business within the developer community of API providers and consumers.

For more information about core Finicity product offerings and services, visit www.finicity.com/products.

Intuit names Finicity choice data aggregation provider for seamless API integration

Finicity, an industry leading user-permissioned financial data access platform, launched today its Facade API in partnership with the Intuit Developer Group. The Facade API serves as a true replica of Intuit’s Financial Data API, allowing developers to easily migrate their data aggregation services from Intuit to Finicity.

Finicity understands the importance of financial data aggregation to Intuit products and third-party applications alike, which is why the leading data aggregator created the Facade API to minimize code changes and ease the transition for developers. The Facade API will translate Intuit-structured API calls into Finicity-structured API calls, so the only change developers must make is to begin calling the new Finicity endpoint and re-authenticate their users.

“The entire Finicity team is working tirelessly to complete a smooth transition from the Financial Data API for Intuit CAD Developers,” said Nick Thomas, president and co-founder of Finicity. “The Intuit developer community continues to drive digital financial innovation and we’re thrilled to provide the data aggregation tools needed for continued business success.”

In addition to the Facade API for Intuit, Finicity continues to be a provider of API services for account aggregation, cash-flow verification and account-ownership verification. The leading financial data aggregator is also the maker of the TxPUSH API, which makes it easier for developers to use the Finicity API platform to receive account and transaction data instantly.

For more information about the Facade API via Finicity, visit www.finicity.com/IntuitTransition.