Today we chat with Tim Hong, the Chief Product Officer at MoneyLion. He walks us through a partnership they’ve built with Plaid and other data providers to offer cash flow data at the marketing stage to lenders in the Engine marketplace.

Timestamps:

(00:00) Tim Hong, CPO at MoneyLion
(04:06) The Engine marketplace
(12:02) Open banking and UX
(22:48) User permissioned data
(25:15) Sharing bank credentials
(27:25) Cashflow data in lending
(31:09) Spark platform
(37:20) Future of open banking
(44:17) Wrap up

Where to find Carlos:

References:

Plaid & MoneyLion’s announcement: “The power of cash flow underwriting with instant onboarding: Introducing Layer and Consumer Report”

https://plaid.com/blog/layer-consumer-report-instant-onboarding/

Carlos’ piece: “Where's The Consumer Demand For Cash Flow Underwriting (CFU)?”
https://www.thefreetoaster.com/p/where-is-the-demand-for-cash-flow-underwriting

Find Us:

Don't forget to subscribe to Affiliate Marketing for Lenders. If you’re interested in being a guest on the show (or if you have questions for a future episode), send me a note on LinkedIn, Twitter/X, or at carlos@newmarketgrowth.com.

E012 - Tim Hong, CPO at MoneyLion