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API-based solutions aim to accelerate ‘broken’ processes at FIs
November 2, 2021|0 min read
Bank Automation News
Originally Published on November 02, 2021
MX developed MXaccess to provide visibility into customer data sharing and enables tokenized access from data providers to recipients — mainly aggregators, fintechs and other FIs. MXaccess is built on the nonprofit Financial Data Exchange‘s standards and delivers credential-free access to data.
“"If screen scraping is taking place, related problems will likely get worse in time. Fintechs are growing fast," said Allred, "Scraping is an unnecessary tax on your infrastructure; it’s far more efficient to share the data via an API.””
Tags:
API-based solutions
Open banking
