Experian is exiting the financial data technology provider Finicity in a deal that could reach $985m taking earn-outs into account.
Payment services firm Mastercard agreed yesterday to buy US-based financial data provider Finicity in an $825m transaction that will enable credit scoring service Experian to exit.
Finicity’s core business involves a digital budgeting platform that provides data to help users manage their finances more effectively, but it has added financial wellness tools and application programming interfaces (APIs) that enable business to build their own financial data apps.
The technology powers Experian Boost, a system that allows customers to connect utility…
