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May 14, 2019 | 0 min read
MX Working with CFSI to Help Advance Financial Services Innovation
Jane Barratt speaking at 10:00 a.m. MST today at CFSI EMERGE on financial health
SILICON SLOPES, Utah and SCOTTSDALE, Ariz. -- May 14, 2019 -- MX, one of the fastest-growing fintech providers, announced it is working in partnership with the Center for Financial Services Innovation (CFSI) in a joint effort to use data to help empower the world to be financially strong.
As part of the effort MX Chief Advocacy Officer Jane Barratt will be speaking today at CFSI EMERGE in Scottsdale, Ariz., on the panel “Financial Health Case Studies: Align Healthier Customers with Stronger Businesses.” Learn more about the session here.
“Much progress has been made, but there’s still a big gap to fill before most Americans can claim overall financial strength,” Barratt said. “We are strong believers in the mission of the CFSI and know they put action behind their words. They care deeply about being advocates for financial wellness change, as do we, and we’re excited to have someone else in this space to work with to that end.”
As the leading provider of financial data services enabling its clients and partners to easily collect, enhance, analyze, present and act on financial data, MX helps banks, credit unions and fintech providers make sense of their customers’ transactional data to better understand and measure their financial health.
“We know the only way you can effectively empower institutions to strengthen their customers financially is by using data,” Barratt added. “It’s fueled from the customers’ transactional data as well as behavioral and sentiment data. This is what MX does, and this is the issue we are continuing to understand, develop and ultimately solve: Helping people be financially strong through data.”
The MX partnership with the CFSI comes one month after MX announced MoneyMap with Pulse -- a guided financial advice service for banks and credit unions to use clean data to help their customers make better, real-time decisions through artificial intelligence (AI)-driven personalized insights.
As stated in the MoneyMap with Pulse press release, traditional methods of budgeting simply don’t work for large portions of society because too much of the burden is placed on the individual. Technology can now do the heavy lifting – through proactive notifications and guided, personalized financial nudges and advice. This way, banks and credit unions can help their customers build better financial habits without having to fundamentally change their budgeting behavior.
MX helps financial institutions and fintechs utilize their data more effectively so they can outperform the competition in a rapidly evolving industry. As the leading provider of financial data services, MX enables its clients and partners to easily collect, enhance, analyze, present and act on their financial data. Using MX’s platform and products, MX clients are able to understand their customers in real time like never before, allowing them to be truly customer-centric. Founded in 2010, MX is one of the fastest-growing fintech providers, partnering with more than 1,800 financial institutions and 43 of the top 50 digital banking providers. For more information, visit www.mx.com.