How Finlocker and Fiserv enhance data, lower costs, and increase throughput for mortgage originators

Welcome to the Tearsheet Podcast. I’m Zack Miller. We’ve got an interesting episode teed up for you today. It’s a case study with Finlocker and Fiserv. Finlocker is a super app that integrates with banks and other financial institutions to enable loans and financial transactions. Consumers consent to feed it with their bank account data and the personal finance assistant makes loan product recommendations. President Brain Vieaux joins us on the podcast today to talk about how Finlocker enhances consumer data, lowers lending costs and increases throughput for mortgage originators as part of an overall financial welness scheme. Joining us is Paul Diegelman, Fiserv’s vp of electronic payments and aggregation. Paul’s team worked closely with Finlocker to integrate Fiserv’s AllData aggregation product. AllData provides up-to-the-minute aggregated account data from roughly 18,000 connections from sources like banks, credit unions, billers, card platforms and wealth management firms, providing the data consumers have permissioned into their lockers. Paul is presenting at next week’s DataDay Conference presented by Tearsheet. He’ll be discussing PFM 2.0: Top use cases for improving financial outcomes for banking customers. Fiserv is a sponsor of the DataDay Conference. I’m Zack Miller, Editor in chief at Tearsheet. Based on this real-world use case, data is helping driving innovations and companies that realize this are on the fast track to growing their business and deepening customer engagement. Fiserv’s AllData aggregation product is being used by companies of all size to help consumers see their full financial pictures, enabling them to make smarter and more-informed financial decsisions. Fiserv is a sponsor of the DataDay Conference presented by Tearsheet on June 2 through June 4th. DataDay is the premiere conference in the financial services industry that deals entirely with data, data ecosystems, data aggregation, and alternative data. Fiserv’s Paul Deigelman will be presenting along with senior leaders at MX, Plaid, Wells Fargo, Envestnet Yodlee, Nova Credit, Stash, and more. Go to Tearsheet’s website at tearsheet.co and click on the DataDay Conference button at the top to register.