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ebankIT Selects MX as Open Banking Partner to Provide Secure Data Access to Financial Institutions in North America
ebankIT today announced an expanded partnership with MX Technologies, Inc. to enable financial services providers in North America to leverage MX’s Data Access to deliver a more secure data sharing experience and accelerate their open banking journey.
Built to FDX standards, MX’s Data Access offers a secure, open finance API that works across all data intermediaries, as well as API translators to ensure internal APIs meet the same standards. It also enables financial institutions to better monitor and manage where data is shared, unlock actionable insights to drive growth and retention, and help meet new 1033 compliance obligations in the United States.
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. 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. – Paul Provenzano, Vice President of Market Development, ebankIT.
ebankIT combines interactive omnichannel technologies with leading data management strategies to help its banks and credit unions deliver digital banking experiences that offer trusted connections and personalized interactions. Now, with the availability of MX’s Data Access, financial providers can gain even greater visibility into their consumers’ financial lives and understand where they are sharing data so they can better meet their needs.
“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. Making Data Access available for ebankIT’s clients helps deliver on these needs” – Don Parker, Executive Vice President of Partnerships, MX.
ebankIT and MX previously announced a strategic partnership to integrate MX’s Insights and Personal Financial Management (PFM) tools into ebankIT’s omnichannel digital banking platform in October 2022.
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