Ellen Chang of FinLedger discusses the increased adoption of digital banking tools in today’s rapidly changing environment. How open banking has helped organizations put the consumer first in digital experiences.

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Finicity’s newly announced solution suite will help the credit decisioning process for lenders and enabling open banking. Open banking allows people and businesses to benefit from their own financial data. This includes determining how and where third parties — such as financial technology companies (FinTechs) — can access that information to provide new services like money-management programs or initiate payments on their behalf.

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Samantha Hurst of Crowdfund Insider covers the launch of Finicity Lend, an integrated solution set of open banking data services that provides banks, lenders, and fintech developers access to tools that enable their borrowers to directly permission data and insights into lending decisioning processes.

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Finextra provides details on the launch of Finicity Lend, an integrated solution set of open banking data services, provides banks, lenders and fintech developers access to tools that enable their borrowers to directly permission data and insights into lending decisioning processes.

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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.

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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.