The final rule for Consumer Financial Protection Bureau Section 1033 is inching closer by the day. At MX, we believe enabling secondary use cases in a way that balances consumer benefits with privacy and security is critical. Read our take on this and key points for a recent bipartisan letter from Congress: https://lnkd.in/gqXkZzte
MX
Financial Services
Lehi, Utah 36,644 followers
The top financial institutions and fintechs use MX to reliably connect to financial accounts and act on financial data.
About us
MX Technologies, Inc. is a leader in actionable intelligence, enabling financial providers and consumers to do more with financial data. MX provides end-to-end solutions for financial institutions and fintechs to connect to, understand, and act on customers’ financial data.
- Website
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https://www.mx.com/
External link for MX
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Lehi, Utah
- Type
- Privately Held
- Founded
- 2010
- Specialties
- Financial Management, Banking, Software, Financial Data, data aggregation, data enhancement, data cleansing, money experience, connectivity, Fintech, SaaS, API, Instant Account Verification, financial industry, financial institutions, B2B, open finance, open banking, engineering, analytics, credit unions, technology, data privacy, data, consumer data, intelligence, Personal Financial Management, mobile banking, Personalized Marketing, startup, metadata, bank connectivity, data feed, RESTful APIs, OAuth, Responsive Web, community banks, Digital Transformation , data security, network, customer advocacy, consumer advocacy, user experience, customer retention, Data Analysis, financial health, financial wellness, risk mitigation, Financial Data API, open banking connections, machine learning, Bank Credentials, and raw data
Locations
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Primary
Lehi, Utah 84043, US
Employees at MX
Updates
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With the potential confusion and opportunity Open Banking presents in the marketplace, how are fintechs, banks, consumers, and government regulators embracing and implementing the benefits and potential revenue streams? NYPAY organized this panel of experts, featuring MX's Jane Barratt, to discuss.
Open Banking vs. BaaS APIs: What's the difference? Speaking: Gary Stein, 99FinTech Judith Rinearson, K&L Gates Cihat Fitzgerald, Batavion Advisory Group, LLC Jane Barratt, MX What does Open Banking really mean and what are the opportunities and challenges for broader adoption by Fintechs and banks? In the simplest of terms, Open Banking is really just about data sharing. However, the term and its various interpretations have been embraced by consumer advocates and some fintech providers to represent the path to financial inclusion, financial health, and consumer control over their data. Moreover, the discussion around Open Banking often does not address how data are shared and for what purposes. This curated NYPAY panel of experts will dive into and discuss their views regarding all of these issues, while highlighting the challenges and rewards of broadening Open Banking to a much larger audience. https://t.ly/rgDBh With special thanks to annual sponsor: Further Advisory INTERESTED IN HAVING YOUR COMPANY SPONSOR? https://lnkd.in/g_-KawAp #NYPAY #fintech #payments #networking #openbanking
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"It's impossible to provide valuable, personalized experiences that help improve people's financial outcomes without intelligent analytics and modeling of consumer-permissioned secondary data." Enabling secondary use cases in the final ruling of Section 1033 of the Dodd-Frank Act is critical to empowering consumers to take control of their financial lives. Check out our POV to learn more: https://lnkd.in/gvj2RufG
It's been a long journey advocating for financial strength using data driven tools and insights. As the Consumer Financial Protection Bureau wraps up its Section 1033 rulemaking, enabling secondary use cases is crucial for empowering consumers to manage their financial well-being. Explore MX's perspective to delve deeper into this topic: https://lnkd.in/dnQQNDC8
Secondary Use Cases Critical for Beneficial Consumer Use Cases
mx.com
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Excited for MX's own Jane Barratt to help lead the open banking discussion at National Association of Industrial Bankers convention today 🎤 https://lnkd.in/ggW9KjMJ #NAIB #openbanking
NAIB & UAFS Convention
convention.industrialbankers.org
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Ready to make connectivity your competitive advantage? Don't miss this month's edition of The ReMX highlighting how critical connectivity is for both consumers and the financial providers that serve them.
Your Competitive Advantage: Connectivity
MX on LinkedIn
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When it comes to paying bills, 59% of consumers elect to pay by bank so funds are paid directly from their accounts. Check out MX's compilation of stats and graphs on how consumers prefer to shop, top payment methods, and Pay by Bank: https://lnkd.in/gdiFJQjJ
Preferred Payment Methods and the Emergence of Pay by Bank: Data, Stats, Graphs
mx.com
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Connectivity enables consumers to see their whole financial world in a single view — empowering better financial decisions — and gives financial providers better insights into the behaviors and needs of their customers. Learn more about why connectivity matters.
Connectivity Matters: Insights from MX’s Connectivity eBook
mx.com
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MX Chief Advocacy Officer Jane Barratt partnered with Utah Business and Ryan Christiansen at the Stena Center for Financial Technology at the University of Utah to convene a roundtable discussion on the future of financial services and the role of innovation, compliance, and regulation in improving financial outcomes for consumers and businesses. Keep an eye out for the September Issue of Utah Business and what is sure to be a brilliant recap from Mekenna Malan. Thank you for joining the discussion Justin O., Brock Blake, Danielle Wright, David Stahl, Shannon Drage, Mark Zupon, Judd Austin, Mark Packard, Rhett Roberts, Frank R. Pignanelli, Abby M., and Shaun Berrett.
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78% of consumers agree they expect to see all of their financial data in one place, but only 29% have connected multiple financial accounts into one app to simplify how they manage their finances. Check out these stats and graphs about how account aggregation is impacting consumers and financial providers.
Account Aggregation: Stats on Consumers Connecting Accounts
mx.com