Prism Data 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...

Plaid Teams With Prism to Help Lenders Make Better Credit Decisions
Partnerships // May 18, 2023

Open banking platform Plaid has launched a partnership with cash flow underwriting service Prism Data. The collaboration is designed to help businesses analyze and use consumer-permissioned open banking data to underwrite consumers faster and easier, according to a Thursday (May 18) press release. “We’re making it simple for lenders to...

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...

Quick Reads
Petal Secures $200 Million to Expand Credit Card Program

August 03, 2023
Petal is preparing to expand its credit card program after securing a $200 million debt facility. The FinTech announced the funding — from investment firm Victory Park Capital — in a news release Thursday (Aug. 3), saying it would help its goal of issuing cards to consumers who are “new to credit” without needing credit scores to […]

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,...

Plaid Teams With Prism to Help Lenders Make Better Credit Decisions

May 18, 2023
Open banking platform Plaid has launched a partnership with cash flow underwriting service Prism Data. The collaboration is designed to help businesses analyze and use consumer-permissioned open banking data to underwrite consumers faster and easier,...

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...