FormFree recently joined the Financial Data Exchange (FDX), a non-profit group that promotes information sharing and security standards for the financial sector.
FDX members 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, according to a press release. Together, the members of FDX are implementing technical standards intended to 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.
“Ensuring the security and accuracy of consumer data has always been FormFree’s top priority,” FormFree Founder and CEO Brent Chandler said in the release. “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.”