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Finicity

FintechUSA
·Jun. 23, 2020

Mastercard Buying Finicity for $825 Million

Mastercard said today that is acquiring Finicity, a leader in real-time access to financial data, for $825 million; there is...
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FintechNews RoundupUSA
·Feb. 15, 2019

The Importance of Data Aggregation in Financial Services

In TearSheet’s recent podcast they discussed the growth of data aggregation in the financial services; data aggregation has become one...
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acquisitionbig techcentral bank / CBDCpaytech
·Jun. 26, 2020

WhatsApp Payments Halted in Brazil, Stripe competitor Checkout.com is Worth $5.5B, Upgrade raises $40MM

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 and 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.

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Podcasts
·Oct. 8, 2021

Podcast 318: Steve Smith of Finicity

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.

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FintechNews RoundupUSA
·Mar. 10, 2020

Intuit is Rumored to be Eyeing More Fintech Acquisitions

With their recent acquisition of Credit Karma still fresh in everyone’s minds Intuit is rumored to be eyeing more fintechs;...
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big techdigital lendingEmbedded Financepaytech
·Dec. 7, 2020

Who are the customers of Embedded Finance, and what do they reveal about Stripe, Affirm, DriveWealth, and Green Dot?

This week, we look at:

  • Embedded finance as a growing theme with the $10B Affirm IPO and Stripe's launch of Treasury

  • The customer types that each of these firms is attempting to convert into their product, and what this tells us about economic growth

  • A framework for understanding the emerging value chain of digital finance, and the role of platforms and marketplaces

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Mastercard ACH Smart Payments
Payments
·Mar. 24, 2022

Mastercard’s Finicity adds smart ACH payments

Mastercard launched a set of open banking tools through Finicity, enabling b2c transactors to check user accounts before requesting an ACH.
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civilization and politicsCryptoexchanges / cap mktspaytechregulation & compliance
·Sep. 13, 2021

The principle behind Mastercard’s CipherTrace acquisition, L1 growth, and IRS getting your bank data

Paying attention is the path to seeing and doing. Mastercard has bought CipherTrace to see blockchain-based finance, to launch new businesses, and to plug in more networks into its nexus. The crypto networks proliferate at every layer, creating more computation on Ethereum, Polygon, Arbitrum, Optimism, Fantom, and Solana. The US executive seeks to see more too, asking the banks for their records of financial transactions to enforce taxation compliance.

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Mastercard phone app
Payments
·Feb. 16, 2023

Mastercard expands Finicity analytics offerings for small business clients

The credit giant is adding advanced analytics to further assist lenders in managing their risk profiles while adding expanded credit models for small business loans and credit-card lines.
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FintechNews Roundup
·Apr. 6, 2017

Wells Fargo and Finicity Announce Data Sharing Deal

From the deal, Finicity will gain data sharing access to Wells Fargo's customer data for its clients which include personal financial management providers and online lenders; the deal is one of many currently underway for Wells Fargo and Finicity as well as numerous other market participants; overall, market consensus from American Banker shows less tension between banks and third party providers with companies such as Intuit reporting an increased interest from all parties involved in improving the experience for customers; American Banker also notes that as data sharing becomes more prevalent there's likely to be an evolution of technology that helps facilitate the connectivity.  Source

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