News Topic: Finicity
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What happens if Mastercard and Visa gobble up all the data aggregators?
Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier. ... Read full article
OCC guidance on data sharing could stifle innovation, fintechs say
The agency's recent update to its guidelines for banks on working with data aggregators and other third parties was not extreme, but some critics say its heavy emphasis on security could be a setback for open banking. ... Read full article
To boost credit scores, FICO, Experian, Finicity want bank data
In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account ... Read full article