Pinwheel released a consumer finance survey that showed 75% of respondents wished consumer finance relied on more than just credit scores.
Pinwheel’s new partnership with American Express is the latest development for a fintech that has been quite busy over the past two years. The income and employment API is now American Express' direct deposit switching partner for their new checking account.
Pinwheel is a payroll connectivity API company used by the biggest financial institutions to securely update direct deposits, access income, and employment data. As their founding ethos says, they are trying to make the financial system fairer.
At the recent Fintech Nexus USA conference, Isabelle sat down with Lauren Crossett of Pinwheel to talk about using alternative data.
DDS 2.0 allows consumers to switch their direct deposits seamlessly from one institution to another without paper forms or talking to HR.