MX Technologies and ebankIT have announced a broadened partnership aimed at accelerating Open Banking adoption across North America. This collaboration brings MX’s Data Access to ebankIT’s suite of financial solutions, supporting secure and efficient data-sharing capabilities for banks and credit unions. MX’s Data Access, designed according to FDX standards, ensures secure and standardized Open Finance API integrations that work seamlessly with all data intermediaries. Additionally, it provides API translators to help internal systems comply with FDX, advancing the industry’s data security and usability.
With MX’s Data Access, financial institutions gain enhanced oversight of data-sharing practices, enabling them to draw actionable insights that drive growth, improve customer retention, and comply with the latest 1033 regulatory requirements in the United States.
Officials at ebankIT emphasize that the company has dedicated over a decade to advancing its expertise in Open Banking practices, drawing from global and European markets. By teaming up with MX, ebankIT aligns with its mission to establish a strong foothold in the North American market, allowing financial institutions of all sizes to accelerate Open Finance adoption. This collaboration promises a secure, efficient, and user-centric experience, making it easier for consumers to access and control their financial data.
Omnichannel Technology Integration
ebankIT’s platform combines interactive omnichannel banking technologies with advanced data management strategies, empowering banks and credit unions to provide personalized and trusted digital experiences. With the integration of MX’s Data Access, financial providers gain deeper insights into consumers’ financial activities, promoting transparency in data-sharing and enhancing service delivery to meet user expectations.
Representatives from MX Technologies highlighted that consumer preferences for secure, accessible data management are paramount. Financial institutions benefit from insights into data-sharing patterns, enabling them to deliver a more tailored financial experience. Through MX’s Data Access, ebankIT clients will have the tools needed to meet these demands, fostering a more connected and data-driven financial landscape.
“ebankIT has spent the past decade deepening its knowledge of open banking practices in Europe and around the world, so tapping into MX’s expertise made sense as we continue expanding in the North American market,” said Paul Provenzano, Vice President of Market Development, ebankIT. “MX makes it easy for financial institutions of all sizes to accelerate open finance adoption and enhance the money experience for consumers through Data Access.”
“Consumers need seamless, secure access to manage their financial data on their terms, and financial providers need a way to better understand where, when, and how consumers are sharing their data,” explained Don Parker, Executive Vice President of Partnerships, MX. “Making Data Access available for ebankIT’s clients helps deliver on these needs.”
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