MeridianLink, Inc. - MLNK STOCK NEWS

Equifax (NYSE: EFX) has expanded its integration with MeridianLink (NYSE: MLNK), enabling instant verification of employment and income for credit unions, banks, and lenders. This integration supports a streamlined lending experience via the MeridianLink Consumer Loan Origination System, enhancing decision-making speed for lenders and improving customer experience. The Work Number provides access to 573 million records from 2.5 million employers, ensuring high security and privacy. This partnership aims to deliver faster loans and a seamless digital lending process for consumers.

MeridianLink (NYSE: MLNK) has been ranked #54 on the 2022 IDC FinTech Rankings, marking its first appearance on this prestigious list of top 100 global financial technology providers. The ranking evaluates revenues from financial services for 2021, underscoring MeridianLink's role in powering digital lending for financial institutions. The report notes global IT spending in financial services is expected to reach $590 billion by 2025.

MeridianLink, Inc. (NYSE: MLNK) reported a strong second quarter for 2022, with revenue of $73.0 million, representing a 7% year-over-year increase. Lending software solutions revenue surged by 14% to $51.7 million, while adjusted EBITDA margins reached 39%. The company generated $87.6 million in cash flow from operations and $80.1 million in free cash flow over the last twelve months. MeridianLink also migrated its Mortgage lending module to the cloud and welcomed a new CFO to enhance operational strategies.

MeridianLink, Inc. (NYSE: MLNK) will publish its second quarter 2022 financial results post-market close on August 9, 2022. Following the release, a conference call will be held at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the outcomes. MeridianLink provides cloud-based software solutions serving over 1,900 customers, including several top-ranked institutions in the country. Interested parties can access the call via telephone or listen to the archived webcast on their website.

MeridianLink, Inc. (NYSE: MLNK) announced the appointment of Duston Williams to its board of directors. With over 40 years of experience in technology and finance, he previously served as CFO at Nutanix and has leadership roles in various tech firms. His expertise in scaling disruptive technology companies is expected to enhance MeridianLink's strategic direction. The company provides cloud-based software solutions to over 1,900 customers, including major banks and credit unions.

MeridianLink, Inc. (NYSE: MLNK) announced a technology partnership with UKG to enhance its TazWorks background screening platform. This integration will allow TazWorks clients to access UKG's HR solutions, improving efficiency and compliance. CRAs on the TazWorks platform can offer background screening via the UKG Marketplace. VP Wesley Zauner highlighted the partnership's value for clients, while UKG's Mike May emphasized their commitment to fostering better employee experiences through technology collaborations.

MeridianLink (NYSE: MLNK) announces key executive appointments intended to foster growth and innovation, with Sean Blitchok as Chief Financial Officer, Chris Maloof as President, Go-to-Market, Devesh Khare as Chief Product Officer, and Elizabeth Rieveley as Chief People Officer. Blitchok brings over 20 years of experience, including roles at Salesforce.com, while Maloof's leadership has driven product launches and market expansion. This restructuring is aimed at enhancing the company's strategic growth initiatives and operational capacity.

MeridianLink (NYSE: MLNK) announced the launch of a new Product Administrator Certification Program designed for system administrators of its software platforms. This program aims to enhance proficiency in the MeridianLink Consumer Loan Origination System and MeridianLink Opening Online Account Opening System. Participants must pass a two-part exam, with preparatory materials available. The initiative is expected to improve employee retention and operational efficiency by recognizing skilled administrators and fostering a community of certified peers.