MX technologies

MX Technologies operates a financial data and intelligence platform used by financial institutions and fintech companies. Its product set spans account aggregation, consumer-permissioned data access via OAuth connections, instant account verification of account detail, ownership and balance information, data enhancement that cleanses, categorizes and normalizes transaction data, investment data aggregation from external brokerage and retirement accounts, customer analytics, personal financial management tools, and mobile banking delivered on the full platform.

The company also markets a financial AI assistant, available on an early-access basis, that lets consumers ask questions about their money in plain language with responses drawn from permissioned financial data, along with an insights feed that delivers personalized, data-driven guidance through a consumer's preferred channel. MX positions these capabilities around four growth outcomes for its clients: deposits, lending, card usage and financial wellness.

Business model

MX sells its platform to financial institutions and fintechs, which embed aggregation, data access, verification, analytics and engagement capabilities into their own digital channels; the company markets through demo requests and early-access programs for newer products such as its financial AI assistant.

Traction

Published customer results include OneUnited Bank reporting a 4x increase in savings balances from pairing data aggregation and AI with real-time personalized insights, BECU reporting a 10% lift in loans from enhanced-data marketing, Central Pacific Bank recording 60 direct deposit switch conversions in the first week after embedding the feature in its mobile app, and Evansville Teachers FCU increasing balance transfers and new card issuance using MX Insight & Target.