description Finicity (by Mastercard) Overview
Finicity is a US financial-data and open-banking company that became part of Mastercard after Mastercard announced its acquisition in 2020. Its platform connects consumer-permissioned financial account data with businesses through APIs and related services. Lenders, fintech companies, and financial institutions can use those connections for account verification, financial data access, and analysis, subject to the relevant permissions and integrations.
help Finicity (by Mastercard) FAQ
What is Finicity by Mastercard used for?
Finicity provides permissioned financial-data access and open-banking services through APIs. Banks, lenders, fintech companies, and personal-finance products can use it to connect accounts and retrieve approved financial information.
When did Mastercard acquire Finicity?
Mastercard announced its agreement to acquire Finicity in 2020. Finicity then became part of Mastercard's open-banking and data-services business.
Does Finicity let an app access my bank account without permission?
No. The service is designed around consumer permission and account-linking flows, although the permissions and data fields depend on the app and financial institution. Users should read the consent screen before connecting an account.
Is Finicity the same as Plaid?
Both companies provide financial-account connectivity, but they are separate providers with different institutional coverage, APIs, products, and commercial relationships. An app chooses the provider based on its supported banks, verification needs, and integration.
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