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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.
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“"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.””


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