2023 Year in Review

Spinwheel Year in Review

December 2023 Changes

  • πŸ”— Released a new Connect API for a KBA based flow. This API can be used as a fallback for Spinwheel's existing Connect APIs.
  • βœ… Added ecoaCodefield under the liabilityProfile or cardProfile section of the /v1/users response
  • πŸ’² Updated paymentToPlatform error handling to include minimum and maximum amount thresholds at time of paymentRequest
  • πŸŽ“ Added loanType field to a user's studentLoan record which indicates if a student loan liability account is PUBLIC, PRIVATE, or UNVERIFIED.
  • 🏦 Released new capabilities for payments being made through the Direct Student Loan Connection, for improved function and deliverability
  • πŸ’³ ChargeOffDate and ChargeOffAmount added to sandbox test users for improved use cases while testing

November 2023 Changes

  • σ €₯πŸ’― Added the creditUtilization attribute to credit cards. This is available at both the summary level and at the individual card level when retrieving a user profile. It is expressed as a percentage and will only be shown on open cards with a balance.
  • πŸ”” Improved the userConnectionStatus webhook by adding USER_LIABILITIES_CONNECTED as a new event type, to notify you that the user's liabilities are available. Once this webhook has been received, you can fetch the updated user profile using the user profile endpoint. Read more about our webhooks here.
  • πŸ‘©πŸ½β€πŸ”¬ Added new sandbox identities for Embedded Debt Connect with varying liability data. They can be used by adjusting the date of birth that is provided when authenticating via Embedded Debt Connect. A full list of the identities can be found here. We will still provide a default user when you use any date of birth not listed as a sandbox identity.

October 2023 Changes

  • πŸ“šAdded robust data fields within the credit report; including historical inquiries, and credit score contributing factors
  • βœ… Nelnet continuous 90-day authentication
  • 🀩 Enabled easy subscription to webhooks through an existing endpoint
  • 🎨 Released connect API to support partner managed UX

September 2023 Changes

  • πŸ“ˆ Integrated additional data sources to increase real-time balance coverage across liabilities
  • πŸ†• Added new offer types for financings, and increased liability fields
  • πŸ’° Optimized payments for Nelnet direct student loan accounts
  • πŸ“š Improved glossary for easy documentation usage and understanding

August 2023 Changes

  • πŸ’Œ Added new endpoint for fetching PDF copy of a users credit report
  • βœ… New user connect flow options, including OTP
  • πŸ’¨ Additional payment configurations to support varying transaction speeds
  • πŸ’Έ High impact rollover capability for dynamic funds disbursement

July 2023 Changes

  • ✨ Optimized real time balance performance
  • πŸ†• Introduced a new endpoint to show dates and amounts of payments that qualify for Public Service Loan Forgiveness (PSLF) for a particular user
  • 🎨 Added credit card update drop in module to dim-docs for additional configuration
  • πŸ† Improved UI on Spinwheel Connect module
  • πŸͺ„Added additional interest rate monitoring configurations

June 2023 Changes

  • πŸ•΅οΈβ€β™€οΈ Fraud detection added to credit reports
  • πŸ†• Released user liability refresh API
  • πŸ’° Expanded coverage for real-time balance
  • πŸ” Enhanced internal monitoring and reporting for improved responses to outages
  • βœ”οΈ Mohela based account segmentation and optimization

May 2023 Changes

  • πŸ§‘β€πŸŽ“ Continued service for EdFinancial and Nelnet Direct Student Loan Connections
  • πŸ’³ Streamlined the process for end users to modify their account information
  • πŸ“ˆ Released a new Drop-in Module for Interest Rate Monitoring
  • πŸ€“ Improved end-user facing liability display names, logos, and industry standard information

April 2023 Changes

  • πŸ†• Added new features and functionality to improve the overall customer experience, including new webhooks.
  • πŸ’ͺ Increased system reliability and uptime with enhanced backup and disaster recovery solutions.
  • πŸ“ Improved documentation and resources for developers
  • πŸ“ˆ Added support for 100+ new liability subtypes.
  • πŸ’³ Released a new Drop-in Module to support 1-click prequalification