As Paybefore’s sister publication Banking Technology reports, the companies will use a direct API to permit Chase customers to share information with the apps and services that Finicity supports. This tokenized access means customers can share data with third-party apps but not their Chase credentials, according to the firms.
It’s not the first partnership for Finicity, which has established relationships with a variety of service and application providers that offer personal financial management tools, as well as digital asset and income verification solutions for the lending industry.
In April, Finicity signed a deal with Wells Fargo to provide customer information with the financial apps and services that Finicity supports.
While back in March, new underwriting technology developed by Experian and Finicity was unveiled to speed up borrowing and enable millennials and other consumers with thin or no credit files to receive loans.
Last year, Finicity secured $42 million in its Series B funding round led by Experian. Bridge Bank and a number of existing investors also participated in the round.
- Faster Loans for Consumers with Little Credit History? Experian and Finicity Think So.
- People on the Move: Marianne Sullivan, Finicity Board
- Banks Banking on APIs for Payments and Beyond