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FDATA welcomes another new member

The Financial Data and Technology Association (FDATA) has welcomed another new member as we continue to represent the fintech community in the move towards an open API.

FDATA’s members provide innovative financial applications and services to empower customers to make better decisions and take fuller control of their financial lives across all their accounts, credit cards, loans and investments.

LendingMetrics, a real-time credit reference agency which accesses bank transaction data, has joined FDATA in its start-up category.

Commenting, FDATA’s Executive Director Andy Maciver said:

“We’re delighted to welcome LendingMetrics into our membership, and it’s great to be able to learn from the ideas and insight of another fintech startup. This is a vital time for the industry as we move towards the open API, and at FDATA we are acting on behalf of third party providers to ensure an implementation which allows our members to serve their customers in the fullest possible way.”

Neil Williams, LendingMetrics’ Managing Director, said:

“Over the past five years we have been a leading voice for the evolution of real-time credit and open banking data. Now that consumers can expect better access to their financial data, we are looking forward to further innovating the ways in which they can leverage it. The shared expertise within the FDATA membership will be invaluable in helping to shape our plans and we are delighted to have been accepted”.