- Income data verification company Argyle has secured accreditation from the Professional Background Screening Association (PBSA).
- The 880+ membership organization was founded in 2003 and helps keep screening firms up to date on new legislation and industry best practices.
- Argyle made its Finovate debut at FinovateSpring in May of last year.
Real-time income data platform Argyle has received accreditation from the Professional Background Screening Association (PBSA). This accreditation provides Argyle with a “seal of approval” as well as “national recognition” that its income data verification technology complies with industry standards with regards to both compliance and consumer protection.
“Argyle is committed to automating employment verifications in the background check industry,” Argyle CEO Shmulik Fishman said. “For our consumers and end users, we operate under rigorous standards and don’t compromise or cut corners. We’re pleased PBSA’s accreditation confirms those commitments.”
PBSA Executive Director Melissa Sorenson credited Argyle for joining the 880+ member organization and for supporting the PBSA’s efforts to “advance excellence within the background screening industry.” Founded in 2003, PBSA helps keep member firms in the United States and abroad informed about legislation that potentially impacts screening, as well as helps companies access practical guidance on industry best practices, news, and trends. The organization’s member organizations are defined as “consumer reporting agencies” under the Fair Credit Reporting Act (FCRA) and are regulated by both the FTC and CFPB.
Making its Finovate debut last year at FinovateSpring, Argyle is a New York-based technology company that enables consumers to connect their employment records to companies’ apps and websites. This secure connection allows businesses to access the income and identity data required in order to offer and deliver a range of digital experiences. At the same time, consumers benefit from access to more financial products and total control over the use of their data.
At FinovateSpring in 2022, the company demoed a design update for its Link technology to improve the tool’s usefulness for end users. Link is the front-end interface that lets consumers grant access to their payroll information. The 4.0 upgrade demoed last spring is designed to make it easier for users to connect their accounts, reduce drop-off rates, and improve the overall look and feel of the solution.
Argyle was founded in 2018. The company has raised more than $77 million in funding from investors including Bain Capital Ventures and SignalFire. Last fall, Argyle announced a partnership with Dallas, Texas-based payments company Highline to give lenders across the U.S. access to payroll-linked lending and billpay functionality.
“True financial inclusion begins with the recognition that there is a shortage of non-predatory options available for many Americans who need access to relatively small dollar loans,” Highline CEO Geoff Brown said. “The team at Argyle recognizes this as well and, like Highline, is committed to helping more consumers gain access to credit in a way that also makes sense for lenders and fits their business objectives.”
