PYMNTS coverage of our Series B funding announcement. Read the story here.
Finicity has a long history of being at the head of the pack in the fintech industry, most recently at the core of loan approval transformation. Cash flow analytics and cash flow scoring are becoming standard in the underwriting process, with Finicity helping drive this next generation of financial connectivity. Read the full article on Beehive Startups.
Top fintech innovators, including Finicity, recently gathered in New York for the 10th annual Finovate Fall conference. More than 70 companies demonstrated their latest fintech innovations with data aggregation taking center stage. Read the full article on Huffington Post.
For consumer-facing financial apps, UX hinges on one key factor that might not be readily known: democratization of bank data. The idea of user-permissioned access to data is a crucial practice in the open financial web – the newest era of banking and money management. Read the full article from Finicity CEO Steve Smith on IT Pro Portal.
In the open financial web, banks, aggregators and financial apps create an ecosystem of financial products for their joint customers. Banks that want to compete in the era of the open financial web must embrace aggregators and financial app providers to create a much broader solution set than financial services of the past. Read the full article from Finicity CEO Steve Smith on Let’s Talk Payments.
Finicity was awarded Finance API of the year by API World for its Financial Data API with TxPUSH. At FinDEVr New York 2016, Finicity unveiled the first TxPUSH-compliant, real-time aggregation service that pushes transaction data to software apps rather than the standard “pull” method common to most aggregation services. Read the full article on the Finovate Blog.
With continued innovation and capital flowing into fintech, we are in the midst of a defining moment for innovation in financial services. User-permissioned access to transaction data via core aggregators and standards-based bank APIs are driving the next wave of the fintech revolution, providing innovative developers with the data necessary to disrupt incumbent financial apps and solutions. Read the full article from Finicity President Nick Thomas on App Developer Magazine.
Banks may have a difficult time meeting consumers’ technology needs as quickly as they’re demanded, due to a heavily regulated environment. The services that financial apps bring to the table fill that gap, and now it’s up to banks to adopt more progressive data API strategies. In order to kick off the era of an open financial web, banks, aggregators and financial application providers are working together to establish industry standards that positively affect all their customers. Read the full article from Finicity President Nick Thomas on PaymentsSource.
The financial walled garden of the past is being replaced by the open financial web, where banks, aggregators and financial apps create an ecosystem of financial products for their joint customers. With the days of the walled garden behind us, banks that want to compete in the era of the open financial web must embrace aggregators and financial app providers to create a much broader solution set than financial services of the past. Read the full article from Finicity CEO Steve Smith on Banking.com.
Banks are now being judged on more than whether or not consumers can simply access their accounts on mobile — they’re being judged on the overall experience a consumer has when interacting with their digital platform. It’s imperative that banks and credit unions develop mobile apps that are user-friendly, secure and provide millennials the ability to meet financial goals. Read the full article from Finicity CEO Steve Smith on Banking.com.