Uptech Studio reposted this
Partner at Uptech Studio. Ex-Acorns, Yahoo!, Napster, Cooper & more. UX since before we called it UX!
It's great to see Plaid's announcement of their Consumer Report API, which seems squarely aimed at competing with the big 3 bureaus and FICO scores as the be-all and end-all for evaluating consumer credit-worthiness and financial responsibility. Credit scores (and reports) don't provide a complete picture of how healthy someone's finances are, so new services like this are great to have in the fintech toolbox. Looking forward to digging in with our clients to see how this might fit into their products! https://lnkd.in/g7_ctXAE
It's exciting really. I think it might take a minute for lenders to come around to it, but maybe it'll spur the bureaus to speed up their credit products that include debit account information.
Director of Engineering @ ATM.com & Co-Founder @ Flashprep
1moIt's neat and I'm really aligned with the approach, but the pricing can be prohibitive!