New technologies such as machine learning, Internet-of-Things, artificial intelligence, blockchains, and cloud computing are the major drivers of growth for fintech companies today. These new technologies are driving consumer preferences and decisions today ranging from purchases to how they manage their money. Traditional banking and financial services players consider fintech as a disruptive phenomenon in the financial world. Fintech companies are now leading the industry by focusing on the major purpose of making money management easier and more effective.
MX Technologies Inc. is one such company that enhances financial data by cleansing, categorizing, and adding metadata that empowers organizations to deliver personalized experiences, reduce fraud, approve loans faster, and help customers save and invest smarter. MX is one of the fastest-growing fintech innovators, powering more than 2,000 banks, credit unions, fintechs, and technology companies, as well as 85 percent of digital banking providers, with a combined reach of over 200 million consumers.
Cutting-Edge Financial Services Offered by MX Technologies Inc.
Financial Data Aggregation: Connectivity is essential for creating impactful money experiences. MX provides secure and reliable access to customer financial accounts and other data solutions to power modern data-driven money management. MX’s industry-leading connections give you access to tokenized, credential-free API connections built with the highest security and industry standards, so you can build trust and loyalty at every touchpoint. Gain instant access to test keys to begin connecting to the full range of MX solutions through a single API with clear documentation. MX gives your customers a simple yet comprehensive digital banking experience — from frictionless onboarding and tools that make financial management effortless to new technologies that keep you ahead of the competition.
Open Finance API: Deliver a better and more secure data sharing experience while gaining visibility and control to adopt open banking. Its open-source platform can help you innovate quickly and enable customer-permissioned data sharing. View, track, manage, and report on who is connecting to your customer’s data. Innovate faster with the vendors and technology providers that serve you, with the flexibility to reduce costly and burdensome vendor lock-in. Portal allows a financial institution to monitor and allow traffic from pre-vetted data recipients.
It also facilitates access via customer-consented OAuth tokens and the industry-standard FDX data specification, which means safe and secure access. OAuth connections, makes it easy for your customers to quickly and securely connect with external financial accounts. MX data grows your bottom line by reducing call center volume, helping you turn personalized offers into profit, attracting new customers while retaining your most valuable segments, and giving you foresight into strategic ways to grow your lines of business.
Infrastructure and Integration API: MX provides the connection layer of banking APIs that bring together backend systems — core, cards, documents, checks, and more, helping you create intuitive and seamless experiences across the entire customer journey. Path, MX’s Data Connectivity API, is a connector framework that helps you bring together disparate systems to create a better customer experience, improve your data access, and integrate with industry-leading solutions. Path provides you with a simpler, faster, and more secure way to connect to different services, apps, cores, and systems. Path’s ever-expanding connector library includes integrations with banking cores, OLBs, authentication vendors, and much more. And it also connects to MX products like Helios, its award-winning mobile application.
The Leader at the Helm of MX Technologies Inc.
Ryan Caldwell is the founder and also serves as the Chief Executive Officer of MX Technologies Inc. Before founding MX in 2010, Ryan built and successfully exited several technology startups as well as consulted in Silicon Valley, Singapore, and London, for some of the world’s leading companies including Visa and Microsoft.