International Business Times: Peek Inside The Fintech Arms Race Between Banks And Startups
Finicity EVP and co-founder Nick Thomas was recently interviewed by International Business Times’ Leigh Cuen to comment on working with Wells Fargo and the concept of an open financial web.
“The consumer should have access to their data anywhere they want it,” Nick Thomas of the fintech company Finicity, which just recently signed a data exchange deal with Wells Fargo, told IBT. “There’s a move towards standardization of that connection.” Thomas said Wells Fargo is embracing the “open financial web.” Instead of banks exclusively owning the customer’s financial records, the industry is shifting towards more individual identities that can transact on diverse networks.
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