Finastra Partners with MX to Deliver Personalized Financial Management Tools and Insights for Consumers.
Finastra, a global provider of financial software applications and marketplaces is partnering with MX Technologies, Inc., an industry leader in Open Finance, to provide more seamless, personalized money experiences by integrating MX’s Personal Financial Management (PFM), Insights, and Account Aggregation solutions with Finastra’s Fusion Digital Banking solution.
“Consumers are looking to their financial providers to help them better manage their money and guide them toward financial health. By partnering with Finastra, we’re enabling more than 150 financial institutions using the Fusion Digital Banking solution to improve the money experience and meet consumer needs with personalized recommendations, services, and tools,” said Raymond den Hond, Chief Commercial Officer, Partners, at MX.
With the integration of MX and Fusion Digital Banking, financial institutions can provide consumers with a robust set of PFM and financial wellness tools, including budgeting and debt management, personalized, proactive insights based on their spending and saving behaviors, and the ability to create a consolidated view of their finances by connecting all of their financial accounts.
In addition, financial institutions can better identify when, where, and how consumers are engaging with their finances with enhanced data and customer analytics. This enables financial institutions to increase member engagement and retention, drive financial wellness, and uncover new business growth opportunities.
“Finastra is thrilled to partner with MX to offer our customers new tools to help support an enhanced customer experience,” said Peter Longo, Vice President, Product Management at Finastra. “As the industry continues to embrace Open Finance and account holders look for more holistic solutions to manage their finances, it is critical that we bring in the right partners to help provide what today’s banking customers have come to expect. We look forward to working with MX to bring the benefits of Open Finance to more banks across the United States.”
