Open Finance Portal

Open Finance Made Easy

View, track, manage, and report on who is connecting to your customer’s data. Innovate faster with the vendors and technology providers that serve you, with the flexibility to reduce costly and burdensome vendor lock-in.

Improve Security, Reduce Risk

Do you know who is accessing your customer data and if that third-party is reputable and secure? Portal allows a financial institution to monitor and allow traffic from pre-vetted data recipients. It also facilitates access via customer-consented OAuth tokens and the industry-standard FDX data specification, which means safe and secure access.

Enable Open Finance on Your Terms

Streamline and accelerate your open banking strategy. With FDX best practices for data documentation, agreement templates, and access to sandbox data, fintechs can integrate quickly and enjoy an easy-to-use platform to manage document data requests.

Greater Transparency for Your Users

On average, consumers maintain relationships with 5-10 financial services organizations. When they engage with their finances on multiple platforms, they don’t have a consolidated view of who is accessing their data and could therefore be at risk of malicious attacks due to credential sharing and screen-scraping. Credential sharing to third parties gives access to systems that are not meant to be shared, leading to high-security risks.

MX gives your customers visibility and control over which apps and institutions access their data — enabling them to grant, manage, and revoke access via their existing online and mobile banking experience. Using a token-based approach and built on the latest FDX 4.1 specifications, credentials never leave the institutions. All of this protects customers’ financial data, and improves their digital experience.

Build with MX

MX allows you to embrace open finance and innovate faster with the vendors and technology providers that serve you best. With permissioned data sharing, customers gain visibility and control over which apps and institutions access their data — enabling them to grant, manage, and revoke access at any time.

At MX, our mission is to empower the world to be financially strong. For customers to truly understand and improve their financial health, they need to have a complete, accurate, and secure connection to their data. The Open Finance Portal by MX gives the ability to do that.