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Account Opening
MX offers fast, secure solutions that help financial providers streamline the account opening process while mitigating fraud and reducing risk. Provide a frictionless process for consumers to easily open and fund new financial accounts.
Why Seamless, Secure Account Opening Matters
How MX Helps
Power seamless and secure Account Owner Identity, account statements, transaction history, account aggregation, balance checks, and account verifications (IAV) with API data requests
Decrease drop-off in the account opening process by enabling consumers to easily grant permission to financial data and connect accounts for verifications
Help consumers easily connect their financial accounts with tokenized OAuth connections, reducing friction in the funding and repayment process
Confirm account and routing information instantly with token-based connections that avoid human error and ensure credentials are never shared
Validate bank accounts and other financial accounts in less than 5 seconds with the latest security standards through direct OAuth connections, eliminating reliance on microdeposits
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Explore Solutions
MX offers fast, reliable verification technologies to help organizations better manage risk, protect against cyberattacks, and maintain compliance. MX reduces reliance on manual verification processes with instant account verifications (IAV) and account owner identification.
MX helps quickly verify account balances prior to initiating transfers, reducing risk, mitigating ACH returns, and protecting against NSF and overdraft fees by having a clear view into available funds.
MX enables consumers to connect and view all of their financial accounts in one place, providing consumers and their financial providers full visibility into their varying financial accounts as well as the associated data.
Account and Owner Verifications
Rapid Balance Checks
Trusted Connectivity for Financial Accounts
Learn More about Why Digital Account Opening is Important
Leading Companies and Partners Build with MX
- References:
- 1. 3 Ways to Avoid Application Abandonment in Digital Lending
- 2. How Credit Card Issuers Are Tackling Application Abandonment
- 3. Identity Fraud Losses Total $52 Billion in 2021, Impacting 42 Million U.S. Adults
- 4. What Is Instant Account Verification? What to Know and Key Benefits
- 5. 3 Ways to Avoid Application Abandonment in Digital Lending
- 6. What Influences Where Consumers Choose to Bank