Amrit Satpathy
Ecosystem Manager
Welcome! Method Financial, a US-based leading provider of Liability APIs, is now available on the NayaOne Marketplace. Method’s real-time Liabilities Connect and Liability Payment API are now accessible to a range of financial institutions to discover and evaluate through NayaOne’s Digital Transformation Platform.
As NayaOne provides access to synthetic data, tech marketplace and a digital sandbox to discover, evaluate and scale third party technologies to production, Method’s solution will help financial institutions and fintechs for their payment solutions and vendor evaluation process.
Method’s founders developed embeddable, debt-focused APIs that allows fintechs and financial institutions to retrieve all a user’s liabilities (student, car and personal loans; credit cards; mortgages; and additional liabilities) using just the user’s phone number, no authentication to multiple sites needed. Leveraging the Liability Payment API, users can process real-time electronic payments to 15,000+ financial institutions, alleviating the burdensome paper trail for payoffs and consolidation that more than 40% of lenders still rely on.
Since launching in late 2021, Method has already connected 300,000+ users, managing $35 billion in liabilities and executing 60,000+ bill payments. With Method’s APIs, financial institutions, credit unions, banks, and financial management apps can embed loan repayment, data, balance transfers, and bill pay automation into their user journey.
Method’s APIs feature:
- Frictionless Authentication: Using a user’s full name + phone number (PII), instantly connect all of a user’s liabilities – no credentials required.
- Comprehensive Data: Retrieve comprehensive data points in real-time directly from the sources of record (FIs) across all liability types.
- Expansive Coverage: Real-time electronic payments to all types of liabilities, including student loans, mortgages, credit cards, auto loans, bills, etc. across 15,000+ FIs.
- End-to-End Payment Ops: The Liability Payment API enables a wide range of payment operations such as balance transfers, bill pay, round ups, structured payoffs, auto pay, etc.
Collaborating with NayaOne aligns with our mission of enabling simple, secure, real-time access to consumer liability data and payments for financial institutions and fintechs. Together, our goal is to democratise entry to groundbreaking liability management tools designed to reshape the $17 trillion US consumer debt landscape.
Mit Shah
Co-Founder and COO, Method Financial
We are delighted to welcome Method to the NayaOne marketplace! As a leading payment solution provider, Method empowers financial institutions in streamlining their payment operations.
Oli Platt
Product and Marketplace Manager, NayaOne
Method empowers real-time data and payment access for consumer liabilities. Using a consumer’s PII, Method can securely connect all a user’s liabilities, retrieve comprehensive data, and enable payment access. Method’s industry-backed network allows lenders, fintechs, and financial institutions to build personalised lending and financial management experiences supported by comprehensive real-time credit data, evergreen connections and integrated payment rails. Through a single integration, Method powers access to liabilities held at over 15,000+ FIs in the US, covering 95% of all outstanding consumer debt.
