Podcasts about finicity

Today we talked with Nick Thomas, cofounder of Finicity, which was acquired by Mastercard, where Nick went on to be the EVP of Global Open Finance Innovation. Nick has a fascinating career that has paralleled digital identity for a long time, as a cofounder of Bluetooth and FDX, the major open banking standards body in the US. These are both organizations that brought an industry together around common standards to grow the market far bigger for everyone involved—and we talk lessons learned and how this applies to identity.Nick shares a deep look into Finicity's story starting as a consumer application and eventually becoming a major data aggregator. Then we dive into Finicity's journey disrupting themselves by pushing into open banking. We explore the work Finicity did with verifiable credentials as an issuer, and the big challenge that prevented them from rolling it out. You'll appreciate all of his takes on the parallels between fintech and IDtech.To learn more about Nick you can find him on LinkedIn. Subscribe to our weekly newsletter for more announcements related to the future of identity at trinsic.id/podcastReach out to Riley (@rileyphughes) and Trinsic (@trinsic_id) on Twitter. We'd love to hear from you.

In this episode, we dive into the features and benefits of Monarch Money, an incredible budgeting app that has gained popularity over the past three years. David shares his personal experience with the app and highlights why it stands out from other budgeting tools. From effortless budgeting to intuitive design and gamification elements, Monarch Money offers a refreshing approach to managing your finances. Stay tuned to learn more about its features and how it can help you gain control over your money.Episode Highlights:Introducing Monarch Money: A Modern Budgeting ToolMonarch Money is a relatively new budgeting tool, just three years old.The app stands out for its modern design and user-friendly interface.The developers have put great effort into building an intuitive and visually appealing app.Seamless Account IntegrationMonarch Money allows users to link all their financial accounts, including credit cards, bank accounts, loans, mortgages, and investments.It offers smooth integration with popular financial platforms like Plaid and Finicity.Manual entry is also available for accounts that cannot be linked directly.Net Worth Tracking and Zestimate IntegrationMonarch Money enables users to track their net worth by including assets and liabilities, such as property values.The app even integrates with Zillow's Zestimate feature for automatic property value updates.Transitioning from Other Budgeting AppsMonarch Money provides easy-to-follow instructions for users switching from other budgeting apps like Mint.It offers clear guidance on importing statements from Apple, especially for Apple Card users.Streamlined Transaction CategorizationMonarch Money simplifies transaction management by automatically importing pending transactions and allowing users to edit them.The app offers customizable rules to categorize transactions automatically based on user preferences.Users can enjoy the convenience of quick categorization and real-time tracking of expenses.Visual Cash Flow AnalysisMonarch Money's cash flow tab provides a comprehensive view of income, expenses, savings, and savings rates.Expenses are categorized by groups, allowing users to identify spending patterns easily.Users can also analyze spending by merchants to gain insights into specific areas of expenditure.Effective Budget PlanningMonarch Money's plan tab allows users to set budget amounts and track actual expenses.The left-to-budget feature helps balance income and expenses effectively.The app includes a forecast page where users can set budgets for future months, encouraging proactive financial planning.Adjusting Budgets in Real TimeMonitoring progress and making intentional decisions throughout the month is crucial.Monarch Money enables users to adjust budgets on the go, reallocating funds between categories or goals.The "sweep remaining amount" feature allows users to transfer unspent funds to different categories easily.Conclusion:Monarch Money offers a refreshing and user-friendly approach to budgeting. With its intuitive design, seamless account integration, and powerful features like real-time transaction tracking and budget forecasting, the app empowers users to take control of their finances. Discount code for 30% off your first year: DEWITTCMwww.monarchmoney.comHelping ADHD'ers unleash their financial potential through planning and coaching.DeWittCM.com/adhd to book free discovery session

Jackson Cromer is President of BondExchange, a leading national surety-focused wholesale insurance agency serving retail insurance agents for over 40 years. Since 2012 the wholesale MGA, based in Charlottesville, NC has been boosting its automation and tech capabilities as well as redesigning its end-to-end customer experience. The company is currently bringing in business financial data and personal asset verification via a new partnership with Finicity.   BondExchange's technology provides a one-stop-shop for agents to efficiently quote and issue bonds in all 50 states. The company is open architecture meaning it partners across multiple insurance companies and uses an easy process that is profitable for the agent. Underwriting has been fully automated via algorithmic processing of credit data, requirements on past-due amounts, the summary of liquid accounts. The company also uses a unique bond library documenting how a bond is filed, which forms must be used for reporting purposes, and with highly structured underwriting notes for example on specialty bond clauses.   Jackson describes how as trust in a relationship increases over time, premiums decrease. Therefore he is focused on customer service and adding value and capabilities in surety bonds on the platform.  Jackson digs into how he is driving technology investment, organizational growth and building brand awareness via continuous agent communications in new and existing market segments.  He also addresses how the company is focused on its internship program to develop new talent into a specialist market such as surety bonds.   Follow the Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.  

Josh Minsky is the Founder and CEO of Suretys, replacing the need for a co-signer for first-time auto buyers with little or no credit history (eg. recent immigrants). Retail lenders want to make more loans but are concerned about risk.  Suetys insures these lenders by underwriting the individual, leveraging banking transaction data, binding a policy and enabling the lender to give a favorable interest rate to the buyer. In the rare event of debtor default, Suretys will repay the loan balance and settle a claim with its insurance partner. Finicity and Plaid with their 15,000 institutional individual-level account connections allow Suretys to review income and spending patterns and drill deeper than traditional credit scores can. Josh digs into how the team evaluate data and find proof points to back their risk decisions. Suretys is an example of a startup built on a founder's personal values and beliefs. Josh is both passionate and action-oriented about in helping working people get ahead, creating opportunities for Americans to build solid financial futures, and creating solutions that bridge the inequality gap for millions of Americans. Follow the Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: Fintech in 2027 - Sponsored by Mastercard and is titled: Innovations in Lending Tech: Preparing for the Future in a Constantly Evolving Lending Ecosystem. Speaking at this session are Amyn Dhala, Mastercard, Lisa Kimball, Finicity, Kurt Weiss, Ekata,  with Moderator: Raymond Pucci, IDC Financial Insight.

In this week's episode, HW Media CEO Clayton Collins is joined by Nick Thomas, the co-founder and president of Finicity and EVP at the Office of Engagement at Mastercard.The pair discuss how the digital mortgage process and fintech innovation can help consumers manage and navigate the homebuying process. Nick also shares some of the behind-the-scenes of the Finictiy's acquisition journey into Mastercard and some words of advice for fellow entrepreneurs.

Welcome to the Tearsheet Podcast. I'm Tearsheet's editor in chief, Zack Miller. If data is the underpinning of modern finance, payroll data is expanding the pie. Early data firms like Plaid, MX, and Finicity made it easier for lenders and other fintech apps to access banking data. But now, firms like Pinwheel and Argyle are opening up payroll data. Traditional W2 work is evolving in the gig economy and being able to access payroll data wherever it resides creates new opportunities to serve customers. On today's podcast, we have Kurt Lin, co-founder and CEO of Pinwheel. Lin's vision is that over time, lenders will use the firm's payroll API to track their borrowers' financial health longitudinally. Fintech firms can assess borrowers' current income, whether they're showing up for shifts, whether they're getting paid consistently. We're at the beginning stage of payroll connectivity and Lin shares some interesting insights into current use cases, based off of income verification, direct deposit switching and payroll-linked lending. Lastly, we talk about where Pinwheel and payroll connectivity are headed in the future. Kurt Lin is my guest today on the Tearsheet Podcast.

Canopy Connect is building the infrastructure that powers best-in-class insurance experiences. They empower consumers to gain value and convenience from their own data and enable businesses to securely and quickly support their customers.  Canopy Connect is making the process of sharing your insurance data so much simpler and more efficient, you no longer have to fumble around for a VIN number or insurance papers. Tolga and I discuss how far insurance is behind as compared to fintech, the importance of consumer permissions data, raising capital, and a whole lot more. I hope you enjoy the show. In this podcast you will learn: Tolga's founder story What he learned from his time at Nova Credit The importance of consumer permissioned data How the benefits of Canopy Connect extend to both the consumer and insurance agent The importance of the work done by Plaid, Finicity and Yodlee Data sharing is now normalized for consumers Insurance could be 5 - 10 years behind fintech with innovation He is a casual Warriors and Raptors fan Tolga recommends reading Never Split the Difference and Sphere And more… This episode was sponsored by Zendesk, a service-first CRM company that builds software designed to improve customer relationships. Qualifying startups get Zendesk free for 6 months.

We are talking about open banking again this week and we have one of the fintech pioneers on the show sharing his experience over the long evolution of open banking. Our next guest on the Fintech One-on-One podcast is Steve Smith, the CEO and co-founder of Finicity. Finicity has been a real pioneer in the open banking space, or as Steve likes to call it an open financial data network, which is probably more accurate. Most importantly, we talk about what open banking can actually do, what it is doing today, and that is opening up access to credit for people who have previously been denied credit. Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

“What new technology does is create new opportunities to do a job that customers want done.” -Tim O'Reilly, founder of O'Reilly Media Technology has created a new type of venture, digital ventures. As the internet and technology become more and more part of our lives it is essential that businesses take advantage of them. Brad Pace has been a part of 8 successful digital ventures that we discuss in today's episode. Brad Pace is a former business partner of mine. We were partners in SocialNexus, where we did a lot of work creating digital ventures with Brazilian companies. He has also worked on many other successful digital ventures, including Ancestry.com, MyFamily.com, About.com, Finicity, World Vital Records, and more. He is currently the president of TeamDial. Ancestry Early in his career, Brad heard about Ancestry and decided to go work there. He was their 30th employee and one of the first developers working on myfamily.com. Myfamily.com became very successful, one of the top ten most-used internet sites. It was one of the first photo-sharing sites. At the time Myspace was one of the only other social networks, but people weren't sharing photos there, and MySpace didn't have a lot of the traditional social networking features. Brad and his coworkers made it really easy for users to share photos between them and their extended family. They had more photos shared on their network than anyone else on the internet. At the time, it was the second-largest subscription service on the internet. Also at Ancestry, Brad helped build the first online family tree. About.com In the year 2000, About.com was very popular. About.com had guides who published content on hundreds of topical sites. They specialized in human-curated content and it was one of the top five internet properties. Brad worked for a company that had been purchased by About.com. Finicity After About.com, Brad worked for Finicity, an online budgeting system. Their system was based on the envelope budgeting system when you have an envelope with your budget for food, an envelope for spending, etc., and can only spend what is in the envelope. When most people stopped using physical money, Finicity was the first to bring the envelope budgeting system online. However, they didn't have a platform mentality. Finicity thought their value was in the subscription to use their software, but the actual value was in the data they were collecting. A new company called Mint came along, offering the whole thing for free, and then monetized with the data. Mint had a platform mentality and understood the value of the data they were collecting. Brad stressed the importance of entrepreneurs today having a platform mentality. World Vital Records & We're Related While Brad was working for Finicity, the founder of Ancestry called Brad and told him about a new business he wanted to start. Brad joined him and they co-founded World Vital Records, a company similar to Ancestry, but instead of owning the content, World Vital Records leased it. With this system, they were able to approach content owners throughout the world who had refused to sell to Ancestry. World Vital Records leased the content, putting it in their database and paying the content owners a percentage based on the content's usage. World Vital Records monetized the family history records by selling subscriptions to members.  Around this time, Facebook announced that they were going to let third parties develop on their platform. Brad and his cofounder decided they were going to build an app for Facebook that customers could use to connect with their families. They called the app We're Related. At the time, you couldn't go on Facebook and say this is my dad, brother, mom, etc. In a short period of time, the app reached more than 60 million users and became the fourth largest Facebook app based on the number of app installs. They received an offer to buy from The Walt Disney Internet Group because of this success.  However, this is a perfect example of building a skyscraper on someone else's land. After Facebook saw the success of We're Related, they implemented some similar functionality into the core Facebook offering. Then, they implemented new policies to make it very difficult for We're Related to compete. The parent company of We're Related ultimately sold their assets for an amount far less than what Disney had been willing to pay.  We should do our best to build our ventures on land or platforms we can control. If we do build our ventures on someone else's land, we should also build something on a different piece of land that we own, and working to drive people from the leased land to the land we own. Entrepreneurs almost always underestimate the risk related to building their business on other platforms or leased land, and this often is very destructive.  SocialNexus After World Vital Records, Brad went on to co-found SocialNexus. At this venture, Brad and I helped build several digital ventures in Brazil and built niche social sites. We funded the business by doing consulting work and put much of the profits back into the business to build our own sites. In our consulting work, we helped Brazilian companies to take concepts that were working in the US and roll them out in Brazil. This is a monetization model called “cool hunting.” Partner Fusion and TravelPass  After we sold SocialNexus, Brad became one of the 6 founders of Partner Fusion. Brad and his partners worked in the travel and entertainment space but wanted to pivot into being a platform and product company. Partner Fusion began by working in many different verticals, such as hotel booking sites, airline ticket sites, show tickets sites for Las Vegas, health and nutrition sites, etc. They tested all these sites and ran with the best one which was in the hotel space. After that, they focused on selling hotel rooms and changed their name to TravelPass. They sold hotel rooms to big online travel agencies (OTAs) like Expedia, Priceline, and Booking.com and became an OTA themselves. In spite of competing with these large OTAs, TravelPass had a lot of success. They were able to compete with companies like Booking.com--which buys more ads from Google than anyone else in the world--because they were scrappy and agile; they had the flexibility that Booking.com didn't. They were also paying attention to the small details and therefore knew their customers really well. Another key element to their success was their platform. Instead of regurgitating 500 results as other platforms did, their platform pulled hotel inventory in, figured out who had the best price, and gave that price to their customers. They doubled their growth every year, and in 4 years they grew it to $450 million in annual revenue, doing $1.5 million in bookings every day. Soar.com After TravelPass, Brad moved on to Soar.com, a company that helps coaches run their businesses. Brad had never had a coach before, but he quickly learned the value of having a personal coach, whether it's for your business, personal life, health, etc. Soar.com built their platform so every coach could run their business as a small business. Many didn't know how to manage their business or understand who their target audience was. To help with this, Soar.com provided master classes, zoom conferencing, billing, and help with marketing. At the same time, part of Soar.com focused on voice technology with an app for Amazon Alexa and other virtual assistants. One of Soar.com's customers was one of the top sales training companies in the world who had a lot of content (hours of video, voice, etc.) that would sit on their website unused. Brad and his associates made all of that content available to them by building an app to provide the best info through voice technology. With this app's great tagging and searching technology, their customers are able to ask their virtual assistant things like, “What are the four sales techniques that I need to use?” and it will play the audio that they are looking for. Users can also upload their own audio. Brad uploaded a recording of his grandfather from the 1960s singing songs at his 80th birthday party. Brad was able to play this for his day by simply saying “play Grandpa Western.” TeamDial Brad's latest venture is a startup company called Teamdial. A friend of his had been running and building technology for a call center for more than 8 years. Brad came in and suggested that they make this software self-serve. TeamDial allows people to organize and make their outbound calls from their small team. They have realized that even with social media, email, and texting, the best way to connect to customers is still through voice. Key Takeaways Thank you so much Brad for sharing your stories and knowledge with us today. Here are some of my key takeaways from this episode: As Brad did with Finicity, we may be able to take something that works in the physical world and transfer it into the digital world. As with the, We're Related Facebook app, we should build skyscrapers on the land that we own, and avoid building our skyscrapers on leased land. Brad and I both had connections to Brazil before doing SocialNexus. We can find successful concepts or products from one market and use our connections to take them to another market. This is called “cool hunting.” Just like Partner Fusion/TravelPass tested many different verticals and then decided to focus on hotel bookings, we can also test different opportunities, and then focus on the opportunity that proves the most successful.   We can add new product lines by selling coaching to our existing customers.  Connect with Brad If you enjoyed this interview and want to connect with Brad or his business, you can find him on LinkedIn at https://www.linkedin.com/in/radpace or visit his company's website at https://www.teamdial.com/.   Want to be a Better Digital Monetizer? Did you like today's episode? Then please follow these channels to receive free digital monetization content: Get a free Monetization Assessment of your business Subscribe to the Monetization eMagazine. Subscribe to the Monetization Nation YouTube channel. Subscribe to the Monetization Nation podcast on Apple Podcast, Google Podcasts, Spotify, or Stitcher.  Follow Monetization Nation on Instagram and Twitter. Share Your Story  Could “cool hunting” work for you? Is there a product that has proven successful in one market you could take to another market? Please join our private Monetization Nation Facebook group and share your insights with other digital monetizers. Read at: https://monetizationnation.com/blog/42-how-brad-pace-helped-create-8-successful-digital-ventures-including-one-that-reached-450-million-in-annual-revenue/

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 As vaccines roll out, we may soon see light at the end of the tunnel for the Covid crisis. But it may take years to overcome the credit crisis in its wake. The loss of income during the pandemic forced many Americans, maybe you, to rely on credit and run up balances. Today, host Rob West talks with Neile Simon of Christian Credit Counselors about a way to speed up your financial recovery process. Neile Simon is the director of Strategic Partnerships at Christian Credit Counselors. Then we take your calls at 800-525-7000. Maybe not since the Great Depression did we see such sweeping job loss and income reduction as we did last year and it continues to take a heavy toll on personal finances. Many people are behind on their bills and have run up credit balances just to keep their heads above water. Finicity conducted a survey of over 2,000 US consumers to learn the extent of the impact on their finances.Over half of those surveyed said they experienced temporary or permanent job or income loss from COVID-19. And the majority of those affected said they were having difficulty staying current on bills. 15% of those impacted by the Covid crisis say they’ve experienced a permanent job loss or income reduction. The Finicity survey revealed that folks with annual incomes below $50,000 have suffered the biggest impact. The Covid crisis has caused many people to be in debt because of many factors; Kids are at home classes which causes lost hours for parents not able to go into the office to work, many relief programs ended, unemployment ended, many people have higher grocery bills and higher utilities from being at home, and the uncertain future is no light at the end of the tunnel. Christian Credit Counselors can offer guidance to those struggling to make ends meet. There are counselors and budget coaches to help you get back on track. Is it also wise to connect with your local church, family, friends, or small groups to seek assistance. If you are in trouble with credit card debt, the first thing you should do is make a budget and determine your needs vs. wants. It is vital to only spend intentionally and to be open and bold with people who might be willing to help. Contact your lenders and let them know of your situation. To learn more aboutChristian Credit Counselors visit their website at ChristianCreditCounselors.org or call 800-557-1985. Here are a couple of questions we answered from our callers on today’s program: I will be receiving survivors benefits soon. I don’t plan to retire any time soon. I have a 403A through my employer. How should I use this money? Retirement or mortgage? A neighbor of mine is an insurance agent. She has been trying to sell us insurance for our children. Should I use my extra income and take out a separate life insurance policy for my children, or put it in a 529 plan? Ask your questions at (800) 525-7000 or email them toQuestions@MoneyWise.org. Visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 As vaccines roll out, we may soon see light at the end of the tunnel for the Covid crisis. But it may take years to overcome the credit crisis in its wake. The loss of income during the pandemic forced many Americans, maybe you, to rely on credit and run up balances. Today, host Rob West talks with Neile Simon of Christian Credit Counselors about a way to speed up your financial recovery process. Neile Simon is the director of Strategic Partnerships at Christian Credit Counselors. Then we take your calls at 800-525-7000. Maybe not since the Great Depression did we see such sweeping job loss and income reduction as we did last year and it continues to take a heavy toll on personal finances. Many people are behind on their bills and have run up credit balances just to keep their heads above water. Finicity conducted a survey of over 2,000 US consumers to learn the extent of the impact on their finances.Over half of those surveyed said they experienced temporary or permanent job or income loss from COVID-19. And the majority of those affected said they were having difficulty staying current on bills. 15% of those impacted by the Covid crisis say they’ve experienced a permanent job loss or income reduction. The Finicity survey revealed that folks with annual incomes below $50,000 have suffered the biggest impact. The Covid crisis has caused many people to be in debt because of many factors; Kids are at home classes which causes lost hours for parents not able to go into the office to work, many relief programs ended, unemployment ended, many people have higher grocery bills and higher utilities from being at home, and the uncertain future is no light at the end of the tunnel. Christian Credit Counselors can offer guidance to those struggling to make ends meet. There are counselors and budget coaches to help you get back on track. Is it also wise to connect with your local church, family, friends, or small groups to seek assistance. If you are in trouble with credit card debt, the first thing you should do is make a budget and determine your needs vs. wants. It is vital to only spend intentionally and to be open and bold with people who might be willing to help. Contact your lenders and let them know of your situation. To learn more aboutChristian Credit Counselors visit their website at ChristianCreditCounselors.org or call 800-557-1985. Here are a couple of questions we answered from our callers on today’s program: I will be receiving survivors benefits soon. I don’t plan to retire any time soon. I have a 403A through my employer. How should I use this money? Retirement or mortgage? A neighbor of mine is an insurance agent. She has been trying to sell us insurance for our children. Should I use my extra income and take out a separate life insurance policy for my children, or put it in a 529 plan? Ask your questions at (800) 525-7000 or email them toQuestions@MoneyWise.org. Visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

(1) Amazon Pharmacy launches on Amazon.com with free delivery and Prime-member discounts (0:37). (2) Walmart pulls back on struggling international markets to continue focus on priorities (5:34). (3) US DOJ approves Mastercard’s Finicity acquisition – while continuing its Visa-Plaid suit (9:26). Read this 3 Shifts Edition: https://6pag.es/jryym. Sign up to receive free summaries of our deeply researched briefs: 6Pages.com.Join 6Pages now as a Founding Member to lock in a $199/yr rate for life before our prices go up to $299/yr on November 20th! Founding Members also get exclusive privileges.USE CODE: FOUNDINGMEMBER859(exp. Nov 20 2020)https://www.6pages.com/join

This Payments on Fire® podcast is a joint production of Citibank and Glenbrook. Tony McLaughlin of Citibank interviewed our partner Erin McCune about the U.S. payments market and business transactions in particular. The U.S. payments landscape is in the midst of unprecedented change -- triggered by the COVID-19 pandemic, new faster payment infrastructure, open banking and an overall acceleration of digitization. Business payments are particularly ripe for change. The pandemic has exposed businesses’ reliance on manual processes and motivating digitization and cloud migration. Although businesses have talked about pursuing electronic payments and treasury modernization efforts for some time the pandemic reveals the risk associated with manual processes dependent upon being in an office and reliant on the mail for delivery of invoices, checks, and other business documents. All of a sudden back office digitization is a c-suite concern. The emergence of faster payments has also catalyzed change in the business payments space. Real time infrastructures were purpose built for business transactions. Not because they are fast -- suppliers grant their buyers payment terms, it’s not about speed. The new infrastructures have robust data capabilities that are very important to business-to-business payments. Small businesses write and receive the majority of B2B checks and faster payment has tremendous potential to erode their reliance on manual invoicing and payment processes. Request-to-pay (R2P) capabilities associated with new real time rails are effectively electronic invoices, with the added value of a round trip payment logically associated with the invoice. For many smaller businesses, this could be the key to eliminating checks. For larger organizations where a single payment is associated with a number of invoices, and there is a need to provide more complex explanations of what a payment is for ISO 20022 remit messages (separate from the payment transaction itself) prove useful.  Additionally, there’s an enormous potential associated with API integrations between business back office solutions, bank partners, and payment infrastructure. Even relatively small businesses have an array of financial providers: multiple bank accounts, a credit facility, an ERP or accounting system, a CRM, a billing/invoicing solution, and other additional enterprise software tools. Knitting information together across systems and using these different solutions to embed and automate processes associated with sending, receiving, and applying payments provides significant value to businesses. Speaking of data sharing, it’s useful to note that open banking in the U.S. is market-led, rather than the result of a mandate. But that doesn’t mean it isn’t happening -- there’s a great deal of momentum. Security concerns and the advent of new faster payments rails are pushing financial institutions to innovate and collaborate. Nacha’s Phixius and Afinis solutions and FDX are examples of cooperation between industry players. The card networks are also making acquisitions in this space, with Visa acquiring Plaid and Mastercard acquiring Finicity. To add to everything else that’s happening, there’s a lot of buzz around CBDC at the moment. It’s a global phenomenon. The United States has a strong interest in the concept because of our desire to maintain the dollar’s position as a dominant currency for international trade. However, it’s still too early to know what a CBDC would look like in the U.S. and how consumers and businesses would interact with a new type of government-issued coin. Tony asked Erin how the global pandemic has impacted Glenbrook. She observes that our focus at Glenbrook hasn’t changed dramatically as a result of the pandemic (although we’re not traveling like we used to!): we were working with clients across the value chain to digitize payments and related business processes before the COVID-19 and continue to do so today. Demand has intensified, but it hasn’t really shifted focus. But in the midst of societal upheaval as a result of the pandemic, at Glenbrook we are also thinking deeply about how we can employ our expertise to help businesses and consumers at risk. We do a lot of work on financial inclusion in the developing world. How can we apply that thinking here at home, to help businesses and consumers weather uncertainty, bolster the economic recovery, and build an equitable foundation for financial health and sustainable businesses on a longer term basis? We don’t quite know yet, but we are excited to explore new avenues for our consulting practice.  

Our guest at today's Town Hall event is Steve Smith, CEO of Finicity. Finicity enables a financial data-sharing ecosystem that is secure, inclusive and innovative. Through its real-time financial data aggregation and insights platform, Finicity provides solutions for financial management, payments and credit decisioning. Listen to hear Steve's story and experience in the industry as well as recent news about what Finicity has been up to.

Our guest at today's Town Hall event is Steve Smith, CEO of Finicity. Finicity enables a financial data-sharing ecosystem that is secure, inclusive and innovative. Through its real-time financial data aggregation and insights platform, Finicity provides solutions for financial management, payments and credit decisioning. Listen to hear Steve's story and experience in the industry as well as recent news about what Finicity has been up to.

Although pubs and restaurants opened in the UK to much fanfare, the latest episode of the What the Fintech? podcast remains a remotely recorded endeavour, featuring Sam O'Connor, co-founder and CEO of Coconut. On the episode, we dissect the dramatic details of the Wirecard accounting fraud scandal and potential ramifications it has on the fintech industry. O'Connor also shares his insight on the recent Plaid and Finicity acquisitions and what it means for open banking. Tune in to find out which buzzword Sam nominated for sentencing in our ‘Fintech Jail'! Special Guest - Sam O'Connor, Co-Founder and CEO, Coconut Hosted by - Alex Hamilton, Deputy Editor, FinTech Futures Co-Hosted by - Sharon Kimathi, Editor, FinTech Futures Subscribe to the FinTech Futures newsletter: www.bit.ly/ffpodnewsletter What the Fintech is brought to you by the team behind www.fintechfutures.com and the Banking Technology Magazine.

About this nugget: This nugget was pulled from episode 266 from an interview with Steven Smith,  Cofounder & CEO of Finicity. This nugget is on being a tech CEO and leading through multiple market downturns What is a nugget of the week?:  The host John Siracusa has recorded over 300 episodes as the host of the Bank On It fintech podcast where he interviews founders building the future of fintech and the VCS/Angels who fund them.  With each interview there’s this wow moment when the person interviewed has shared something really special, unique or a reminder on how founders or investors should think. So, here we are delivering those moments to you in the form of a bite sized nugget. About Steve Smith: Steve is the Chairman, CEO and Co-Founder of Finicity, a platform providing consumer-permissioned financial data and insights. Finicity was recently acquired by Mastercard for $825 million.    About the host:  John Siracusa, is the host of the ‘Bank On It’ podcast recorded onsite in Wall Street at OpenFin.   He’s a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry.  Stay in the fintech know by subscribing to ‘Bank On It’. Follow him on LinkedIn, Twitter, Medium

Compilado semanal das principais notícias que aconteceram no cenário fintech no Brasil e no mundo, sempre aos domingos no Youtube, Facebook, IGTV e no Spotify! Nesta edição: - Pesquisa FEBRABAN de tecnologia bancária 2020 é divulgada é mostra alguns números interessantes do setor; - Mais um capítulo sobre a história da função de pagamentos do Whatsapp; - O Pix suportará saques na rede varejista; - O Open Banking dá mais um passo no Brasil com a definição de sua estrutura de governança; - Nubank estaria estudando entrar no segmento de seguros de automóveis; - Zopa, fintech precursora do P2P lending, tira sua licença bancária no Reino Unido; - A recuperação judicial da Wirecard e seus impactos no Reino Unido; - Mastercard adquire Finicity por U$825M, diversificando seu negócio de cartões; Estamos também no Instagram, Facebook, Linkedin e Spotify! Siga-nos em: https://www.instagram.com/fintechtalksbr https://www.linkedin.com/showcase/fintech-talks/ https://www.facebook.com/fintechtalksbr/ https://open.spotify.com/show/2AVngeMgLIO7r8cqwGYBPY

(1) Amazon moves into autonomous vehicles with the $1B+ acquisition of Zoox (0:38). (2) Apple reinforces its walled garden with Apple Silicon chips in Macs (4:08). (3) Mastercard follows Visa with its acquisition of data-aggregation API firm Finicity (7:23). Read this 3 Shifts Edition: https://6pag.es/cr6bd. Sign up to receive free summaries of our deeply researched briefs: 6Pages.com.

Today, we’re joined by Lex Sokolin to talk through a few recent events that are indicative of what’s important in fintech right now. And boy, is there a lot to talk about. WhatsApp launches payments in Brazil and is unceremoniously shut down by the central bank a week later, MasterCard buys Finicity to protect itself against Visa’s recent acquisition of Plaid, Checkout.com continues its largely silent meteoric rise in payments, Softbank-backed, DAX 30 index component Wirecard “loses" $2 billion from its balance sheet and files for insolvency, Upgrade raises $40 million at a $1 billion valuation to extend its personal credit offering. For all of our past episodes, and to sign up to our newsletter, please visit www.bankingthefuture.com. To subscribe to Lex’s amazing newsletter, please visit www.fintechblueprint.com. Thank you very much for joining us today. Please welcome, Lex Sokolin.

Carl Quintanilla, Jim Cramer and David Faber discuss the pop in stocks after White House trade advisor Navarro clarified his comments that the U.S.-China trade deal was over. Navarro explaining he was quote: “speaking to the lack of trust we now have of the Chinese Communist Party after they lied about the origins of the China virus and foisted a pandemic upon the world.” Shares of Apple surging on the heels of the company’s WWDC event, the stock hitting a record high at the open. The tech giant announcing it’s ditching Intel and will be using its own chips for Macs. Plus, the “Squawk on the Street” team speaks with the incoming CEO of Mastercard after the company announces it’s purchasing open-banking company Finicity for $825 million.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech. You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio. In this episode the host John Siracusa chats with Steven Smith, co-founder and CEO of Finicity.  Finicity, provides a suite of APIs for financial management, payment and credit decisioning solution developers.   Tune in and Listen.   Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear next Tuesday's episode with Adam Jiwan from Spring Labs.   About the host:   John is the host of the twice-weekly “Bank On It” podcast recorded onsite at offices of Carpenter Group, a creative services agency focused on the financial services industry. He’s a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry.

In the mortgage process, nothing is more foundational than determining a consumer’s ability to repay their loan. Loan Product Advisor® asset and income modeler (AIM) does this reliably and efficiently. Andy Sheehan, President and COO at Finicity and Kevin Kaufman, Senior Director, Loan Advisor, Strategic Partnerships and Integration discuss automating borrower capacity.

Every week the show host John Siracusa talks with impressive fintech leaders and entrepreneurs, through conversation uncovers the remarkable stories behind them, their creations and the most important topics in fintech. You can subscribe to this podcast and stay up to date on all the stories here on iTunes, Google Play, Stitcher, Spotify and iHeartRadio. In this episode the host John Siracusa chats with Christina Qi, co-founder of Domeyard. Domeyard is a quantitative hedge fund based in Boston. Christina, built it in her dorm room at MIT with less than a thousand dollars saved and now Domeyard processes about a billion dollars in trades everyday.   Tune in and Listen.   Subscribe now on iTunes, Google , Stitcher, Spotify and iHeartRadio to hear Thursday's episode with Steven Smith from Finicity.   About the host:   John is the host of the twice-weekly “Bank On It” podcast recorded onsite at offices of Carpenter Group, a creative services agency focused on the financial services industry. He’s a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry.

You are tasked with creating a new security program for your business, so where do you start? Jim King of Finicity talks about what to do first, and the 5 things you need to do to set the ground work to have a successful program.

Meat and Potatoes shines a light on the people in Silicon Slopes who get things done. Hosted by Silicon Slopes Director of Operations Garrett Clark and random interns we explore how, why, and when they get those things done, and why their work is the meat and potatoes of Utah's tech community. In this recording we are joined by Steve Smith, CEO of Finicity. We talk about what Finicity does, and hear some fun stories about the early years of the companies founding. We also learn a bit about the Fintech industry and how Finicity products are working to make it better for everyone. Sadly, we do not talk about personal aviation but we will do that next time.

Meat and Potatoes shines a light on the people in Silicon Slopes who get things done. Hosted by Silicon Slopes Director of Operations Garrett Clark and random interns we explore how, why, and when they get those things done, and why their work is the meat and potatoes of Utah’s tech community. In this recording we are joined by Steve Smith, CEO of Finicity. We talk about what Finicity does, and hear some fun stories about the early years of the companies founding. We also learn a bit about the Fintech industry and how Finicity products are working to make it better for everyone. Sadly, we do not talk about personal aviation but we will do that next time.

Welcome to the Tearsheet Podcast. I’m Zack Miller. We’ve been reporting a lot recently on the data aggregation industry. Gradually, over years, firms like Plaid, Quovo, Finicity, Yodlee and MX have been building real businesses by pulling, cleaning and delivering people’s bank account data to the fintech apps and software that they use. Before we jump into our show. I’d like to thank our sponsor MX for supporting Tearsheet’s work. MX is a leader in actionable financial data, enabling financial institutions and fintech providers to grow faster, reduce costs, and deliver exceptional customer experience. Joining me on today’s podcast is Tearsheet’s Meir Leff. He’s been behind some of our reporting on the data aggregation industry.

Do you want more control over your credit rating?  You can get it with an Ultra FICO score.  Steve Smith, the CEO of Finicity explains how people with lower credit scores or very little credit history can get a boost with this new system. And find out how you can decide whether the credit bureaus can have access to your information or not. You can follow this show on Twitter @MoneyMakingSens and on Facebook.  And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here.

Welcome to the Tearsheet Podcast. I'm Zack Miller. In today's financial world. we talk a lot about data, APIs, digitization. As more of the largest financial organizations continue to partner with fintechs, data aggregation, access, and connectivity become paramount to delivering an awesome user experience. Finicity is one of those companies working behind the scenes and powering the trend towards financial APIs. What began as a personal financial management tool, the firm is working with some of the largest financial institutions to help them take a major step toward digitization. The firm's co-founder and CEO, Steve Smith, joins us on the podcast today. Before we jump into the interview — If you get value out of this podcast, we'd appreciate a review wherever you get your podcasts. We do this for you and reviews are the fuel that make this podcast go and help others to discover it. You can listen to this episode, as well as access all our archives, at http://www.tearsheet.co Here's my interview with Steve.

Speaking to HousingWire Editor-in-Chief Jacob Gaffney on his podcast series In The Winner's Circle, the CEO of data aggregator Finicity, Steve Smith gave some advice to mortgage lenders who wish to stay competitive. Calling the role of the digital mortgage as in the “early adoption” phase of mortgage lending, Smith said: “Lenders need to adopt a digital-or-bust mentality” in an industry that is “ripe for new solutions.” Finicity is making significant inroads into the mortgage lending space. The company recently announced integrations with BeSmartee's digital lending platform, MortgageHippo's digital lending platform and Ellie Mae's Encompass platform. They also announced a partnership with Advanced Data where Finicity asset reports are included as part of Advanced Data's suite of fraud prevention and enhanced verification tools for mortgage lending.  Smith talks about this and also elaborates on the importance of customer-data protection, how lenders use tech to save valuable time and the early role blockchain technology is also playing in the industry. Listen and enjoy!

Just a quick reminder that the podcast, website, and newsletter — the whole dang company actually — is now called Tearsheet: http://www.tearsheet.co This week on the Tearsheet Podcast, we're talking about the digitzation of the credit bureau. Offline lending still consists of a lot of paper work and duplication of basic form filling. one of the keys to shortening the cycle times here is to be able to verify that what a potential borrower says he owns, he actually owns. Credit bureau Experian, along with financial technology firm, Finicity, just launched a service that can significantly improve how quickly borrowers can get a loan. Joining me on the podcast is Laura DeSoto. She's senior vice president of transactional products at Experian Consumer Information Services. We discuss how the credit scoring business has evolved and how technologies like AI and big data are helping to include people previously invisible to the credit system in the U.S. We also talk about how credit bureaus are incorporating more real-term signals to track creditworthiness. You can get this episode of the podcast, as well as 150 (that's right, we just hit 150) previous episodes in our archive, at our website, Tearsheet.co. If you get value out of these episodes, please take a minute to rate us on iTunes. Doing so, helps other people find us. We're also available on SoundCloud. Also, if you're not signed up for our newsletter, subscribe now. 10,000 industry professionals read our Tearsheet newsletter every week to explore the impact technology is having on the financial services industry. http://www.tearsheet.co/subscribe Here's Experian's Laura DeSoto.

On today’s broadcast, Schwab announces its Schwab Intelligent Advisory services, Finicity raises $42 million for account aggregation, Envestnet|Tamarac rolls out Yodlee, and more. So get ready, FPPad Bits and Bytes begins now! (Watch FPPad Bits and Bytes on YouTube) Today’s episode is brought to you by eMoney Advisor, featuring a new Client Onboarding process as […]