Heading to Austin for #fintechdevcon?! We're partnering up with This Week in Fintech and Rutter for an exciting, mission-oriented event on Wednesday, Aug. 7th. Request your invite on the link below and tell them Method sent you. Look forward to seeing everyone in ATX! 🍹 ⬇ https://lu.ma/atx808 P.S. all proceeds will be donated to Greater Austin STEM Ecosystem to help in nurturing and scaling effective STEM learning opportunities for young people across Central Texas.
Method
Financial Services
Austin, TX 2,448 followers
Method is empowering real time data and payment access for consumer liabilities
About us
Method Financial empowers real-time data and payment access for consumer liabilities. Using consumer’s consent, Method can securely connect all of a user’s liabilities, retrieve comprehensive data, and enable payment access. Method’s industry-backed network allows lenders, fintechs, and financial institutions to build personalized lending and financial management experiences supported by comprehensive real-time credit data, evergreen connections and integrated payment rails. Through a single integration, Method powers access to liabilities held at over 15,000+ FIs in the US, covering 95% of all outstanding consumer liabilities.
- Website
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https://methodfi.com
External link for Method
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Austin, TX
- Type
- Privately Held
- Founded
- 2021
- Specialties
- Personal Finance, Student Loans, Fintech, API, Embedded Banking, Payments, Data, Lending, Bill Pay, and Open Finance
Locations
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Primary
Austin, TX 78758, US
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7272 Wisconsin Ave
Bethesda, MD 20814, US
Employees at Method
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Timothy Wee
🇵🇭🇺🇸 engineer, investor | CTO@Pod Foods | prev ML@Google, early Amazon Ads
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Phil Bronner
Managing Partner @ Ardent Venture Partners; OneMain Financial, Method Financial, Crux, GiveButter, Collective
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Christopher Coleman
CoFounder - WithClutch (A16Z funded FinTech company to modernize Credit Unions)
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Phil Chang
General Counsel at Method Financial
Updates
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Every year, consumers submit over 70 million loan and credit applications through non-digital channels, equating to roughly $1.64 trillion in originated balances and credit limits. These borrowers should benefit from the streamlined applications and more competitive products enabled by Open Banking. Read to learn how authentication based on PII, not credentials, makes accessible the benefits of Open Banking for all.
Open banking is only as useful as the number of consumers who can benefit from it. Kudos to Mit Shah for this thoughtful piece in today's BAI newsletter highlighting the importance of making open banking work for consumers who choose non-digital channels to conduct their financial services.
A better borrower experience: Bringing open banking to branches
bai.org
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🌟 "Open Banking is a promise, but that promise can only be realized if the approved authentication standard is accessible to all." - Phil Chang, Method General Counsel 🏛️ Last week, Method participated in a Consumer Authentication Panel on Capitol Hill alongside Consumer Reports' Delicia Reynolds Hand, Independent Bankers Association of Texas' Bill Briggs, and Allon Advocacy, LLC's Steve Boms. Participants emphasized that the 35M American households who lack digital banking credentials, as well the 70M+ Americans who apply for loans or credit in person each year, require an inclusive authentication standard to benefit from Open Banking. Read here how PII-based authentication can support in-person applicants. 👇 https://lnkd.in/ePbNKAK9
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Method x Happy Money = A Happier Way of Lending 😊 Integrating Method's APIs into Happy Money’s platform makes debt consolidation even easier, with real-time identification of members’ outstanding credit cards, live balance retrieval, and seamless balance transfer. Learn how Happy Money uses Method to increase same-day payment coverage from ~50% to ~96% on its Direct Card Payoff offering, enabling members to consolidate $7M in credit card debt in 4 months. 👇 https://lnkd.in/ezxrFDP6
Happy Money Partners with Method to Further Streamline Debt Consolidation for Members
prnewswire.com
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Method reposted this
Hey Friends - Anyone going to Austin for Devcon? We are hosting a This Week in Fintech happy hour in collaboration with our wonderful partners at Method & Rutter. https://lu.ma/atx808 Julie Tori Tuongvan
Devcon Austin Happy Hour with Method and Rutter · Luma
lu.ma
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🎥 METHOD LIVE DEMO❗ FinvoateSpring 2024 was a great show this year and an even better opportunity for us to showcase how some of our largest clients are using Method in the wild. Our very own Justin Barth demonstrated some revolutionary capabilities of Method... ⚡ Liability Single Sign-On: the lowest-friction onboarding experience in consumer finance. 💸 Direct Pay: reducing a weeks-long debt consolidation process to days. 🔗 Instant Link: seamlessly connect all of a user's credit cards with only their consent. Shoutout to our amazing product and customer success teams for their tireless work to make all of these use-cases possible. Thank you to Finovate for giving us the opportunity to present. Missed us this time? Check out the video below and meet us at FinvoateFall in NYC!
FinovateSpring 2024 / Method Financial
https://www.youtube.com/
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✨ Great to be featured on this week's American Banker Fintech publication, sharing how Method is partnering with traditional financial institutions to embed real-time consumer data and payment access to their core offering. Method's APIs enable Banks and Fintechs to access: • Real-time liability data to personalize loan offers, driving higher conversion • Embed loan payoff capabilities, helping users save on interest • Connect user's wallet in seconds for seamless checkout experiences 👋 Learn more at www.methodfi.com!
Fintechs such as Spinwheel Payitoff Method Tally Debbie are partnering with financial institutions to address the problem of consumer debt, which has reached record highs. Bankrate reported in December that the average credit card rate reached a new record high of 20.72% in 2023, up 4.42 percentage points since the beginning of 2022. An August survey found that 60% of credit card holders who carry a balance month to month have been in debt for at least a year, up from 50% in 2021.
Fintechs pitch banks with solutions to help consumers deal with debt
americanbanker.com
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We're excited to be demoing at this year's Finovate in San Francisco on May 21. Justin Barth (Head of Sales) and Brett Twomey (Head of Partnerships) will demo how SoFi, Bilt Rewards and Aven use our liability connectivity solutions. See you on stage!
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👋 Meet Anthony Monaco, Method’s first Customer Success hire, a professional go-kart racer, and a passionate 0-1 builder. ✨ Come work with Anthony and the rest of the team at Method as our new Head of Customer Success. https://lnkd.in/eemmXcCu
Spotlight: Anthony Monaco, Customer Success Manager | Method Financial
methodfi.com
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Method reposted this
We’re thrilled to announce our latest partnership with Method! 🚀 💲 For the first time, lenders can leverage real-time insights about a borrower’s #liabilities and #cashflows to make smarter, faster decisions across the loan lifecycle. With #MethodFinancial + Pave, #lenders can take proactive actions including: ▶ Customizing loan offers based on true financial capacity including real-time liability analysis ▶ Identifying repayment issues for timely intervention ▶ Restructuring high-interest debts with consolidation and payoff strategies 🔗 Check out the full article to learn more: https://lnkd.in/eqhWeddk #Fintech #Innovation #FinancialServices #CashflowAnalytics #CashflowUnderwriting
Pave.dev and Methodfi Collaborate to Offer Real-Time Financial Insights for Lenders
http://pave.dev