Coalition seeks to develop common standards for secure exchange of consumer and business financial data
(ATHENS, Ga.) — NEWS: FormFree(R) announced today that it has joined the Financial Data Exchange (FDX), a non-profit group that promotes information sharing and security standards for the financial sector. A leading provider of digital asset, income and employment verification, FormFree brings over a decade of experience in protecting the safety and integrity of sensitive consumer data.
FDX is the leader of an industry-wide commitment to enhance consumer controls of financial data. Its members span the financial services ecosystem and include financial institutions, data aggregators, fintechs and banking core processors. Other recent new members include American Express, Blend, FirstBank, Fiserv, Goldman Sachs, Navy Federal Credit Union, Quovo and Trust Stamp. Together, the members of FDX are implementing technical standards that make it easier and safer for consumers to use their financial data with third parties.
FormFree works with banks, mortgage lenders and other financial services providers to streamline the loan origination process and provide better intelligence on borrowers’ ability to repay loans. Its award-winning technologies
“Ensuring the security and accuracy of consumer data has always been FormFree’s top priority,” said FormFree Founder and CEO Brent Chandler. “Partnering with FDX is a valuable opportunity to connect with like-minded leaders in the financial sector to develop and grow industry acceptance of unified standards for data security and access.”
FormFree is a fintech company whose market-leading AccountChek(R) Asset Reports are used by lenders nationwide to verify borrower assets, employment and income in minutes. To date, more than 1,000 U.S. lenders have ordered over 1.25 million AccountChek Asset Reports, delighting their customers with a paperless experience and reducing origination timelines by up to 20 days. FormFree offers automated analysis and standardized delivery to lenders and their investors using a secure ReIssueKey(TM). A HousingWire TECH100(TM) company for four consecutive years, FormFree is based in Athens, Georgia.
For more information, visit https://www.formfree.com/or follow FormFree on LinkedIn.
About the Financial Data Exchange:
Financial Data Exchange (FDX) is a non-profit financial industry organization dedicated to promoting and enhancing a common interoperable standard for securely sharing consumer financial data. Open to financial institutions, fintech companies and other industry participants, FDX puts consumers in control of their personal financial data and facilitates the development, growth and industry-wide adoption of the FDX API’s operating framework. FDX is a subsidiary of FS-ISAC. For more information and to join, visit https://www.financialdataexchange.org/.
Twitter: @RealFormFree @FDXOrg #digitalmortgage
Related link: https://www.formfree.com/
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