FinLocker is a secure web-based platform that allows consumer and business users to access financial data in a protected environment. Online account access is protected through sophisticated authentication technologies and multiple layers of security. Data is encrypted and stored in secured, logical “locked binders”. The consumer creates a “binder” for each lender whereby the consumer controls what information goes into the binder, who is authorized to access the binder, and for how long the binder can be accessed.
Consumers may grant access, remove access, or modify access at any time to their financial information.
The lender never has direct access to the consumer’s credentials or the ability to perform transactions. The lender can only view the information. If a consumer has multiple financial accounts, the consumer controls which accounts it shares for read-only access.
The consumer has full transparency each time data is retrieved, what data is retrieved, what entity accessed it, which items need further review, and other analytics performed.