Mx news and trends

Open Finance Platform MX Adds Connectivity, Insights, Mobile Banking
Digital Banking // September 21, 2022

Open finance platform MX has announced product updates that bolster the platform’s ability to deliver financial data to financial institutions (FIs) and FinTechs and help them improve their customer experiences, pace of innovation and collaboration with others in the industry. The product updates involve connectivity,...

MX Teams With MeridianLink for Real-Time Verification
Partnerships // September 01, 2022

Open finance firm MX and financial software platform MeridianLink announced a reseller agreement to speed up and enhance the digital account opening process. Under the agreement, MeridianLink Opening will integrate MX’s Instant Account Verification (IAV) product to enable its customers to instantly provide the information...

Open Finance Company MX Adds PayPal’s Wes Hummel as CTO 
Personnel // August 24, 2022

Open finance company MX has named Wes Hummel, who most recently served as PayPal’s vice president, site reliability and cloud engineering, as chief technology officer (CTO). In his new position, Hummel will oversee MX’s engineering and information security teams, according to a Wednesday (Aug. 24)...

PayPal’s Jim Magats Named CEO of MX
Personnel // July 28, 2022

Open finance company MX has named former PayPal executive Jim Magats as its CEO. Magats will begin his new role Aug. 17, following 18 years at PayPal, according to a Thursday (July 28) press release. He will also join the MX board of directors. “Jim...

Interviews & Exclusives
24% of Consumers Are Uncomfortable Sharing Bank Account Credentials With Third-Party Apps

December 02, 2021
Although digital payment methods are now routinely used to purchase goods and services, some consumers who are concerned about protecting their bank accounts and personal information may resist using third-party apps that are connected to their bank accounts. In fact, 24% of consumers say they are “slightly” or “not at all” comfortable sharing their bank account credentials […]

Data Portability And Liability: A Game Of ‘Three Dimensional Chess’

August 05, 2021
Open banking will usher in a new age of data portability but gives rise to a burning question: Who is ultimately responsible for that data? MX Chief Advocacy Officer Jane Barratt...

Quick Reads
Orum and MX Partner on Money Movement Solutions for FinTechs 

November 02, 2022
Payments platform Orum and open finance firm MX have partnered to make it easier for FinTechs to add innovative money movement and payments functionality to their apps. The partnership brings together Orum’s unified money movement application programming interface (API) and MX’s instant account verification (IAV) and balance check capabilities, the companies said Wednesday (Nov. 2) […]

Open Finance Platform MX Adds Connectivity, Insights, Mobile Banking

September 21, 2022
Open finance platform MX has announced product updates that bolster the platform’s ability to deliver financial data to financial institutions (FIs) and FinTechs and help them improve their customer experiences,...

MX Teams With MeridianLink for Real-Time Verification

September 01, 2022
Open finance firm MX and financial software platform MeridianLink announced a reseller agreement to speed up and enhance the digital account opening process. Under the agreement, MeridianLink Opening will integrate...

Open Finance Company MX Adds PayPal’s Wes Hummel as CTO 

August 24, 2022
Open finance company MX has named Wes Hummel, who most recently served as PayPal’s vice president, site reliability and cloud engineering, as chief technology officer (CTO). In his new position,...