Finicity CEO and Co-founder Steve Smith shares his insights from a recent report examining the prospect of a Covid-19 credit crisis. The need to improve the credit-decisioning process is not a new issue, but the pure number of people affected at one time as a result of Covid-19 shines a light on what individuals have been dealing with for years.

Read full article here.

Crowdfund Insider covers the direct data agreement between Charles Schwab and Finicity. Through the partnership, both organizations will focus on enhancing the security of consumer-permissioned data by using an API. The Open Banking API will be used to share data. Schwab’s customers that work with third-parties and apps that use Finicity solutions may securely connect to and provide direct access to their financial account data.

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Mary Ann Azevedo from FinLedger provides details on the direct data agreement between Finicity and Charles Schwab and provides more insight as to why these agreements are important in Finicity’s mission to put the consumer at the center of their financial data.

Read the full article on FinLedger.

Greg Ott highlights some of the challenges the Paycheck Protection Program (PPP) has highlighted in terms of accessing credit and the needed capital to help small businesses grow.

Read the full article on Forbes.

Automotive News’ Jackie Charniga talked with Finicity COO Andy Sheehan about how most automotive lending decisions aren’t incorporating alternative data, such as consumer banking data or utility payments. Consumers worry what data is and isn’t being looked at may affect their ability to secure auto loans.

You can read the full gated article at Automotive News ($).

Finicity’s Combating the Emerging COVID Credit Crisis report was used by The Financial Brand as it described how banks and credit unions can prepare to serve their customers in a recession unlike any they have seen.

You can read the full article at The Financial Brand.

Using Finicity’s survey report data, you can read about the impact of Covid-19 on consumers and their credit. Many have experienced a financial blow, and expect to be reeling from the consequences for the foreseeable future.

You can read the full article here.

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.