Consumers often manage five or more financial accounts across banks, credit unions, fintechs, and payment apps, creating a fragmented money experience. Reliable connectivity through open finance APIs resolves this by consolidating accounts into one view, enabling personalization, deeper engagement, and stronger loyalty. Unlike insecure methods like screen scraping, OAuth APIs provide secure, token-based access without credential sharing, aligning with CFPB’s Section 1033 standards. MX’s Data Access helps institutions adopt FDX-aligned APIs, deliver real-time metrics, and embed consent dashboards. With 76 million accounts already transitioned to FDX APIs, open finance is becoming the industry standard.

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