Finicity
A Mastercard company that helps individuals, families, and organizations make smarter financial decisions through safe and secure access to data.
Acquired by Mastercard
For $825M in 2020
Bank Coverage
95% of US financial deposit accounts
Active Users
Tens of millions
About Finicity
Finicity, a Mastercard company, is a leader in the open banking space, offering a suite of APIs for financial data aggregation, verification, and analytics. The platform connects to over 15,000 financial institutions, providing developers with access to cleaned and categorized transaction data, verification of income and employment (VOI/VOE), and verification of assets (VOA). This empowers a wide range of use cases, from streamlining loan applications and underwriting processes to enabling innovative personal financial management (PFM) tools and powering account-to-account payments. Finicity emphasizes data quality, security, and a consumer-permissioned model to ensure trust and compliance.
Core Data Products
Account Aggregation
Connect to checking, savings, loan, investment, and other financial accounts.
Verification Of Income & Employment (Voi/Voe)
Instantly verify income and employment using consumer-permissioned payroll and bank data.
Verification Of Assets (Voa)
Automate the verification of assets for mortgage and other lending processes.
Transactions
Access cleansed and categorized transaction history for analytics and financial management.
Key Use Cases
Lending & Credit Decisioning
Automate and accelerate underwriting with real-time financial data and cash flow analysis.
Payments
Enable account-to-account (A2A) payments and mitigate fraud by verifying account ownership.
Personal Financial Management (Pfm)
Power apps that help consumers see all their accounts in one place, budget, and manage their finances.
Account Opening
Streamline account opening and funding for brokerage, deposit, and other accounts.