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.”
The agreements are in addition to one announced previously with Intuit. Additionally, new data aggregator and fintech companies continue to be added regularly.