Bloom Credit has joined the American Fintech Council (AFC), according to an announcement made by the AFC on July 22, 2024. The AFC, a prominent industry association representing responsible fintech companies and innovative banks, welcomes Bloom Credit as its newest member. Bloom Credit is recognized for its API platform that modernizes credit data reporting, furnishing, and scoring.
Phil Goldfeder, Chief Executive Officer of the American Fintech Council, stated, "Providing the greatest number of people in the U.S. with access to credit requires financial services innovation which ensures credit data that is accurate and can provide a holistic profile. Bloom Credit is changing the financial services ecosystem by safely and efficiently simplifying and broadening the type of credit data that lenders can consider, opening a world of opportunity for consumers who have historically been left out. We are excited to welcome Christian and his team and add their important voices to the chorus of companies changing the future of finance."
Christian Widhalm, CEO of Bloom Credit, commented on their membership in AFC: "We are leveling the playing field for fintech companies and banks of all sizes who want to safely and seamlessly access and furnish accurate credit data and maximize credit optionality for consumers. Understanding the holistic credit picture of a consumer creates additional financial products and responsible tools to enable consumers pathways to greater financial health. We thank the American Fintech Council for their tireless support and advocacy on behalf of responsible innovators changing the status quo and we look forward to collaborating with the growing membership."
Bloom Credit's platform offers APIs for data access (credit inquiries) and furnishment (credit reporting). These APIs allow clients to order complex credit data products through a straightforward, bureau-agnostic API while receiving data in a standardized format. The furnishment APIs support consumer-permissioned data essential for building turnkey financial inclusion solutions for banks and credit unions.
The AFC aims to promote transparency, inclusivity, and customer-centricity within the financial system by supporting responsible innovation in financial services.
About Bloom Credit:
Bloom Credit is an API platform designed to modernize the infrastructure of the credit data ecosystem. It enables real-time credit reporting improvements in reporting accuracy and expands alternative consumer-permissioned data (CPD) used in determining credit scores. This allows customers to launch new classes of credit products more efficiently.
For more information about Bloom Credit, visit www.bloomcredit.io