Even has recently completed its SOC 2 Type II certification. In light of this new benchmark, it’s important to understand our information security protocol as a whole — what the biggest risks are and how we protect against them.
Throughout my career in the field of information security, I’ve worked at companies both large and small. With that, I’ve encountered many different philosophies on handling security, as far as the resources put in place, the speed at which controls are implemented, and how risk is categorically assessed.
Coming from the world of big banks and into the fintech space in particular, I experienced a real cultural shift, as one would expect. While they may operate in different ways, the goal of security at all companies remains the same ― to protect the confidentiality, integrity, and availability of data. And not just of our organizations, but our consumers as well. To do so, everyone needs to buy in, and that starts at the top. However, it wasn’t always seen that way.
I had the pleasure of witnessing firsthand how the CISO (Chief Information Security Officer) role came to be. It was back in the mid 1990s, when a big bank was hit by hackers. Customers began pulling their money out, because they didn’t trust that the bank could protect their assets. It wasn’t until an information security executive joined the bank and became the first-ever CISO that risk was properly assessed and mitigated. By elevating security to the C-suite, it finally had a seat at the table and was able to evolve from a responsive support function to a strategic imperative.
When I joined Even Financial, I found myself surrounded by a team of talented colleagues who were constantly collaborating with each other across departments. There was also a commitment to security, which is not always common at fintech startups where people with technical backgrounds can be found at every level.
At many fintechs, the goal is to get projects off the ground and solutions up and running as quickly as possible. Conversely, no matter how many innovative products we are working on at Even, integrating the highest standard of security controls behind them is always paramount.
One of our main areas of emphasis, by the very nature of what we do at Even, is protecting private data, whether it's for our partners or end users. To this end, we have recently achieved SOC 2 Type II compliance, certifying our ability to implement and execute security protocols at the highest industry standard. In addition to that, we are constantly working on new ways to protect our organization and every third party involved with our business.
Going forward, in light of how the pandemic changed the work model for Even and every company that was forced into remote settings, we know there is a lot of work to be done as far as securing our expanding perimeter. It’s no longer just the office, but anywhere in the world where remote employees are located, which in turn increases the attack surface. Along with an uptick in more sophisticated attacks, we have to be more vigilant than ever.
That’s where having a seat at the table becomes crucial. Through my role, and in collaboration with the rest of the executive team, we are committed to remediating risk wherever possible. For me, that means educating my colleagues about different security concerns and protocols, and doing so in a way that is as easy to understand and implement as possible.
Thankfully, with the team we have in place, my job is made all the more easy by people who willingly engage in these discussions, no matter if it’s an executive-level employee, member of the product team, or anyone else with an ear for knowledge. Security starts at the top at Even, but it doesn’t end there.
Disclaimer: The material provided on this site is not intended to provide legal, investment, or financial advice or to indicate the suitability of any Even Financial product or service to your unique circumstances. For specific advice about your unique circumstances, you may wish to consult a qualified professional. Any information or statistical data sourced by Even Financial through hyperlinks, from third-party websites, are provided for informational purposes only. While Even Financial finds these sources to be accurate, it does not endorse or guarantee any third-party content.
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NEW YORK, NY, March 15, 2022 -- Even Financial ("Even"), the category-leading embedded finance marketplace and independently managed subsidiary of MoneyLion, Inc. (NYSE: ML), has announced a new partnership with Tally, a leading financial automation company, to include the company's low-interest credit offerings on its platform.
"Tally has built a powerful tech-enabled system to help people solve one of the biggest financial problems today: paying off credit card debt," said Phill Rosen, Founder and CEO of Even. "We're thrilled to welcome Tally's line of credit offerings to Even's unparalleled network of financial services providers."
Tally is designed to help its members pay off their debt faster and save them money on interest and late fees. Members can lower their monthly payment with Tally's lower-interest line of credit, if eligible. Typically, at least a 580 FICO score is needed. Tally's system is customized to save people as much money as possible.
"Americans today owe nearly $1 trillion in credit card debt. We know from our research that many want to pay down their debt but struggle to get started. That's where Tally comes in," said Jason Huynh, VP of Credit, Analytics & Operations at Tally. "Our system combines financial automation with a low-interest line of credit to give people the help they need to get on track to pay off their credit card debt for good. We're thrilled that our partnership with Even will allow Tally to help even more people."
The launch of Tally on the Even platform enables consumers to get matched with Tally's custom, low-interest line of credit accounts of up to $25,000 in just a few minutes. After getting matched, eligible consumers complete the process through the Tally app. There are no out-of-pocket costs.
Tally is the latest partner to join the Even marketplace, a growing network of over 400 financial services partners and 500 channel partners covering a breadth of financial services including loans, credit cards, mortgages, savings, and insurance products. Even's marketplace technology enables any company to add financial products to its business, with full compliance and security, at scale.
About Even Financial
Even digitally connects and matches consumers with real-time, personalized financial product recommendations from banks, insurance carriers, and fintech companies on mobile apps, websites, and other digital touchpoints through its marketplace technology. Even's infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial services providers (such as SoFi) and channel partners (such as TransUnion) via its industry-leading API and embedded finance marketplaces. Even enables any company to add financial products to its business, with full compliance and security at scale. Even was named one of "America's Best Startup Employers'' by Forbes for 2021 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. Learn more at www.evenfinancial.com.
Tally is a consumer financial tech company pioneering full-service financial automation to help people save money, pay down their debt and reach their goals sooner. Founded in 2015, the company built the first fully automated debt manager to help put billions of dollars back in people's pockets. In 2021, Tally was named to Fast Company's Most Innovative Companies list and to Quartz's Best Companies for Remote Workers. Previously, Tally made Forbes' Next Billion Dollar Startup list, Forbes' Fintech 50 list, and the app won Real Simple's Smart Money award. Learn more at meettally.com.
NEW YORK, NY, April 19, 2022 -- Even Financial (“Even”), the category-leading embedded finance marketplace and independent subsidiary of MoneyLion, Inc. (NYSE: ML), has announced it has now facilitated over $5 billion in consumer credit, as of March 2022. Leveraging machine learning and advanced data science, Even solves a significant pain point in financial services customer acquisition by seamlessly bridging financial service providers and channel partners via its industry-leading API and embedded finance marketplaces.
“Surpassing $5 billion in consumer credit facilitated through our marketplace is an enormous achievement for Even as we continue to help build the future of finance technology,” said Phill Rosen, Founder and Chief Executive Officer. “Access to credit has long been a challenge for many hard-working Americans, and we are dedicated to alleviating this issue by providing consumers personalized financial services offers that meet their needs, when they need it most. Reaching the $5 billion milestone reaffirms that our mission is driving significant value for both consumers and our partners."
Even has grown its embedded finance marketplace offerings beyond loans to cover a breadth of additional financial services including credit cards, mortgages, savings, and insurance products. Within loans, Even offers the largest network of premium, connected loan providers - across a wide array of products including unsecured personal loans, secured personal loans, line of credit, student loan refinancing, and auto loan refinancing. Leading financial services providers, such as LendingClub and SoFi, partner with Even to reach qualified consumers searching for loans, benefiting from Even’s unparalleled network and native integrations.
The company has continued its rapid growth trajectory in 2022, growing its network to include over 400 financial services partners and 500 channel partners. Even's marketplace technology enables any company to add financial products to its business, with full compliance and security at scale. Earlier this year, Even announced the close of its acquisition by MoneyLion, the award-winning digital financial platform, which will continue to advance their combined efforts of providing financial access and advice to hard working Americans.
About Even Financial
Even digitally connects and matches consumers with real-time, personalized financial product recommendations from banks, insurance carriers, and fintech companies on mobile apps, websites, and other digital touchpoints through its marketplace technology. Even's infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial services providers (such as SoFi) and channel partners (such as TransUnion) via its industry-leading API and embedded finance marketplaces. Even enables any company to add financial products to its business, with full compliance and security at scale. Even was named one of "America's Best Startup Employers'' by Forbes for 2022 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. Learn more at evenfinancial.com.