Cash Flow Underwriting news and trends

Plaid Launches Tool for Cash Flow Underwriting
Loans // June 15, 2023

To make it easier for lenders to access real-time cash flow data, the FinTech Plaid has introduced a new hosted experience for its flagship product Plaid Link. The fully hosted, on-demand experience allows lenders to access consumer-permissioned cash flow data through Plaid during their underwriting...

Petal Raises New Funding and Spins Off Prism Data Unit
Fintech Investments // May 10, 2023

Petal has raised new funding and spun off its Prism Data unit. The spinoff results in two independent FinTech companies that leverage open banking data to expand access to financial services for consumers without accurate credit scores, Petal said in a Wednesday (May 10) press...

Interviews & Exclusives
Dave CEO: Cash Flow-Based Underwriting Critical to Helping Paycheck-to-Paycheck Consumer

June 05, 2024
It’s been quite a year so far for FinTechs in general and neobanks in particular. However, Jason Wilk, CEO of digital banking app Dave, doesn’t view the volatility rocking the FinTech sector in the wake of the Synapse bankruptcy as a long-lived seismic shift. “I think it’s a one off,” he told Karen Webster, “with […]

Quick Reads
Plaid Launches Tool for Cash Flow Underwriting

June 15, 2023
To make it easier for lenders to access real-time cash flow data, the FinTech Plaid has introduced a new hosted experience for its flagship product Plaid Link. The fully hosted, on-demand experience allows lenders to access consumer-permissioned cash flow data through Plaid during their underwriting process and to determine whether an applicant’s cash flow is […]

Petal Raises New Funding and Spins Off Prism Data Unit

May 10, 2023
Petal has raised new funding and spun off its Prism Data unit. The spinoff results in two independent FinTech companies that leverage open banking data to expand access to financial...