U.S. Bank Signs Agreements With Top Data Aggregators and Fintechs, Bolstering API Efforts
September 23 2019 - 1:39PM
Business Wire
U.S. Bank has made agreements with seven leading data aggregator
and fintech companies to make it easier, faster and more secure for
customers to connect their U.S. Bank account information with third
party applications.
The agreements come as U.S. Bank builds up its new U.S. Bank
Developer Portal. The portal contains APIs, or application
programming interfaces, that enable developers to quickly build
innovative services that securely connect to select U.S. Bank
account information, as directed by the customer.
Among the seven companies that have entered into agreements with
U.S. Bank, are:
- DecisionLogic, a pioneer in advanced bank verification
solutions that enables lenders to instantly qualify potential
borrowers based solely on their banking histories.
- eMoney Advisor, a leading financial planning platform
that serves more than 60,000 financial professionals and 4 million
households in the U.S.
- FileThis, a document aggregation platform that securely
retrieves and organizes bills, bank, tax, and other personal
finance statements.
- Finicity, a leading provider of consumer permissioned
financial data, access and insights.
- MX Technologies, the leading data platform for financial
institutions that enables clients and partners to collect, enhance,
analyze, present and act on financial data.
The Developer Portal APIs are designed to industry standards and
comply with Financial Data Exchange (FDX) guidelines. U.S. Bank is
a founding board member of FDX, which works with other financial
institutions, data aggregators, and fintechs to create a standard
and framework for consumer-permissioned data sharing across the
industry.
“The new U.S. Bank Developer Portal – combined with our newly
signed fintech partners – gives our customers more options than
ever before,” said Gareth Gaston, executive vice president of
Omnichannel at U.S. Bank. “This is one of the ways we are moving at
speed and scale at U.S. Bank to help our customers bank when, where
and how they want.”
Today’s agreements are in addition to one announced previously
with Intuit. Additionally, new data aggregator and fintech
companies continue to be added regularly.
About U.S. Bank U.S. Bancorp, with 74,000 employees and
$482 billion in assets as of June 30, 2019, is the parent company
of U.S. Bank, the fifth-largest commercial bank in the United
States. The Minneapolis-based bank blends its relationship teams,
branches and ATM network with mobile and online tools that allow
customers to bank how, when and where they prefer. U.S. Bank is
committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment
services customers across the country and around the world as a
trusted financial partner, a commitment recognized by the
Ethisphere Institute naming the bank a 2019 World’s Most Ethical
Company. Visit U.S. Bank at www.usbank.com or follow on social
media to stay up to date with company news.
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version on businesswire.com: https://www.businesswire.com/news/home/20190923005731/en/
Antoine J. LaFromboise, U.S. Bank antoine.lafromboise@usbank.com
612-303-0793
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