menuMistho

Welcome to our blog

Stories and news

Banner
Company

Mistho Achieves Certification as a UK Digital Identity and Attributes Trust Framework Attribute Service Provider

At Mistho, we’re proud to announce that we have achieved certification under the UK Digital Identity and Attributes Trust Framework (UK DIATF) as an attribute service provider. This achievement underscores our dedication to delivering services that meet the highest standards of trust, security, and regulatory compliance. Our certification represents an important milestone in our ongoing mission to provide secure and privacy-first income and employment verification solutions to clients in the UK and beyond.

Maximilian Czymoch

4 min read

Banner
Customer Stories

Veremark and Mistho Join Forces to Revolutionise Global Background Check Solutions

This alliance combines expertise in background checks with cutting-edge technology, offering instant employment verification. The result is unparalleled services for clients worldwide. 

Maximilian Czymoch

2 min read

Banner
Open Banking & Fintech

Mistho's Unwavering Commitment to Security and Data Privacy

From its inception, Mistho has prioritized security and data privacy as foundational elements of its service offering. Understanding the critical nature of personal and financial information, we have designed our income and employment verification services with a core focus on safeguarding user data. This commitment is reflected in every aspect of our operations, ensuring that our customers and their data are protected by the most rigorous security standards from day one.

Maximilian Czymoch

3 min read

Banner
Product

The Crucial Role of Competition in the Income and Employment Verification Services Industry

We have recently seen a variety of uncompetitive tactics being employed in our industry to either create or sustain existing oligopoly structures. This has ranged from straight out falsehoods being communicated to the market, leveraging associations or similar to fight proxy battles and outright threats being made by competitors often fuelled by a lack of own product capability or confidence.

Maximilian Czymoch

6 min read

Banner
Product

Navigating the Legal Landscape: User-Permissioned Scanning in the UK

At Mistho, we are excited to work on the frontier of both technological and legal innovation. Recently, we have seen more and more misinformation created in the market, essentially trying to discredit one of the best technologies available to implement basic consumer data rights with the goal of creating or sometimes maintaining data oligopolies for income and employment information existing in the market today. As a result, we are now sharing our perspective more openly to enable all market participants to gain a clear picture of the legal landscape around user-permissioned scanning (sometimes called screen scraping).  In an era where data is akin to digital gold, scanning —the process of extracting data from a website's interface— with the explicit consent from the user is the easiest way for them to make use of their right to data portability. In the United Kingdom, this practice is governed by a complex web of laws and regulations, including the Computer Misuse Act, the Data Protection Act, Copyright Law, and the General Data Protection Regulation (GDPR), as well as considerations under contract law. This article embarks on an explorative journey to dissect these legal frameworks, aiming to illuminate the legality of user-permissioned scanning under specific conditions: obtaining the necessary consents, ensuring user rights to access their own data, and the non-storage of credentials. Of course, this is not legal advice, but is based on our years-long experience working with some of the best law firms in the field.

Maximilian Czymoch

5 min read

Banner
Product

Mistho update | Configuration APIs

Our team worked on enabling more configuration for the Mistho APP and for its functions. In short, our clients have the ability to configure the APP to their user experience (UX) and business needs through the Mistho Dashboard and through Configuration APIs - thus enabling flexibility for multiple applications across various user journeys, products and other use-cases.

Mistho

1 min read

Banner
Company

Mistho's €3M Seed Fundraise

The team at Mistho is incredibly excited to share that we have raised €3M in Seed funding led by Lightbird Ventures and participation from Global Founders Capital, Flash Ventures, Nauta Capital, Fin VC and supporting angels!

Mistho

1 min read

Banner
Open Banking & Fintech

Income Verification: Open Banking or Open Payroll?

Income verification is a crucial step in the mortgage, rental services, car financing, and consumer lending processes. Successfully verifying the borrower’s income reduces information asymmetry between the lender which drastically reduces the risk for lenders or landlords. This process protects consumers too, as it prevents them from borrowing beyond their means and adversely affecting their credit score in the future.

Mistho

1 min read

Banner
Open Banking & Fintech

The UK digital payslip landscape

Given that payslips are a legal requirement for UK employers, there is surprisingly little data available about payroll digitalization.

Mistho

3 min read

Banner
Company

Launching Mistho

All of us have experienced the draw on energy when looking to rent a flat, get a loan, buy a house or even just change your bank account where you deposit your salary. Processes are slow often with lengthy forms to fill out, follow-ups via phone with the other side or the HR department and manual upload of documents or mailing of sensitive information. It is evident, that despite advances in open banking infrastructure, from a consumer perspective there still remains a lot to be done to advance to the future of open finance where the consumer can share his data, whenever he wants with whomever he wants.

Mistho

1 min read

Banner
Company

Mistho Achieves Certification as a UK Digital Identity and Attributes Trust Framework Attribute Service Provider

At Mistho, we’re proud to announce that we have achieved certification under the UK Digital Identity and Attributes Trust Framework (UK DIATF) as an attribute service provider. This achievement underscores our dedication to delivering services that meet the highest standards of trust, security, and regulatory compliance. Our certification represents an important milestone in our ongoing mission to provide secure and privacy-first income and employment verification solutions to clients in the UK and beyond.

Maximilian Czymoch

4 min read

Banner
Customer Stories

Veremark and Mistho Join Forces to Revolutionise Global Background Check Solutions

This alliance combines expertise in background checks with cutting-edge technology, offering instant employment verification. The result is unparalleled services for clients worldwide. 

Maximilian Czymoch

2 min read

Banner
Open Banking & Fintech

Mistho's Unwavering Commitment to Security and Data Privacy

From its inception, Mistho has prioritized security and data privacy as foundational elements of its service offering. Understanding the critical nature of personal and financial information, we have designed our income and employment verification services with a core focus on safeguarding user data. This commitment is reflected in every aspect of our operations, ensuring that our customers and their data are protected by the most rigorous security standards from day one.

Maximilian Czymoch

3 min read

Banner
Product

The Crucial Role of Competition in the Income and Employment Verification Services Industry

We have recently seen a variety of uncompetitive tactics being employed in our industry to either create or sustain existing oligopoly structures. This has ranged from straight out falsehoods being communicated to the market, leveraging associations or similar to fight proxy battles and outright threats being made by competitors often fuelled by a lack of own product capability or confidence.

Maximilian Czymoch

6 min read

Banner
Product

Navigating the Legal Landscape: User-Permissioned Scanning in the UK

At Mistho, we are excited to work on the frontier of both technological and legal innovation. Recently, we have seen more and more misinformation created in the market, essentially trying to discredit one of the best technologies available to implement basic consumer data rights with the goal of creating or sometimes maintaining data oligopolies for income and employment information existing in the market today. As a result, we are now sharing our perspective more openly to enable all market participants to gain a clear picture of the legal landscape around user-permissioned scanning (sometimes called screen scraping).  In an era where data is akin to digital gold, scanning —the process of extracting data from a website's interface— with the explicit consent from the user is the easiest way for them to make use of their right to data portability. In the United Kingdom, this practice is governed by a complex web of laws and regulations, including the Computer Misuse Act, the Data Protection Act, Copyright Law, and the General Data Protection Regulation (GDPR), as well as considerations under contract law. This article embarks on an explorative journey to dissect these legal frameworks, aiming to illuminate the legality of user-permissioned scanning under specific conditions: obtaining the necessary consents, ensuring user rights to access their own data, and the non-storage of credentials. Of course, this is not legal advice, but is based on our years-long experience working with some of the best law firms in the field.

Maximilian Czymoch

5 min read

Banner
Product

Mistho update | Configuration APIs

Our team worked on enabling more configuration for the Mistho APP and for its functions. In short, our clients have the ability to configure the APP to their user experience (UX) and business needs through the Mistho Dashboard and through Configuration APIs - thus enabling flexibility for multiple applications across various user journeys, products and other use-cases.

Mistho

1 min read

Banner
Company

Mistho's €3M Seed Fundraise

The team at Mistho is incredibly excited to share that we have raised €3M in Seed funding led by Lightbird Ventures and participation from Global Founders Capital, Flash Ventures, Nauta Capital, Fin VC and supporting angels!

Mistho

1 min read

Banner
Open Banking & Fintech

Income Verification: Open Banking or Open Payroll?

Income verification is a crucial step in the mortgage, rental services, car financing, and consumer lending processes. Successfully verifying the borrower’s income reduces information asymmetry between the lender which drastically reduces the risk for lenders or landlords. This process protects consumers too, as it prevents them from borrowing beyond their means and adversely affecting their credit score in the future.

Mistho

1 min read

Banner
Open Banking & Fintech

The UK digital payslip landscape

Given that payslips are a legal requirement for UK employers, there is surprisingly little data available about payroll digitalization.

Mistho

3 min read

Banner
Company

Launching Mistho

All of us have experienced the draw on energy when looking to rent a flat, get a loan, buy a house or even just change your bank account where you deposit your salary. Processes are slow often with lengthy forms to fill out, follow-ups via phone with the other side or the HR department and manual upload of documents or mailing of sensitive information. It is evident, that despite advances in open banking infrastructure, from a consumer perspective there still remains a lot to be done to advance to the future of open finance where the consumer can share his data, whenever he wants with whomever he wants.

Mistho

1 min read