At the recent Fintech Nexus USA conference, Isabelle sat down with Lauren Crossett of Pinwheel to talk about using alternative data.
Pinwheel released a consumer finance survey that showed 75% of respondents wished consumer finance relied on more than just credit scores.
Tuesday, Pinwheel launched Earnings Stream, providing up-to-date historical, projected income data, with built in analytical capabilities.
Pinwheel is a payroll connectivity API company used by the biggest financial institutions to securely update direct deposits, access income, and employment data. As their founding ethos says, they are trying to make the financial system fairer.
DDS 2.0 allows consumers to switch their direct deposits seamlessly from one institution to another without paper forms or talking to HR.
In this episode, we talk with the co-founder and CEO of Pinwheel, Kurt Lin, about the importance of real-time income and employment data and the different fintech products they have developed through their technology.
Once small startup Pinwheel raised a $50M series B at a $500 million valuation, all in the name of helping partners turn the paycheck-to-paycheck lifestyle into an outdated past.
According to Cornerstone Advisors’ 2020 What’s Going on In Banking Study only 20 percent of community banks deployed APIs before...