Online and mobile banking app comes with personalized financial alerts that visualize and surface insights in an engaging, feed-style view to drive engagement
MX, the leader in modern connectivity and data enhancement, announced that OurBanc, a fintech on a mission to dismantle the systemic barriers that America’s financial system has traditionally embraced with banking, has gone live on the MX platform for mobile banking. With MX, OurBanc is enhancing its users’ ability to view, manage, move and grow their money to improve their financial health—and end the perpetual deterioration of wealth in historically disenfranchised communities.
“We told MX we know banking and finance, but we’ve never built a fintech platform before and we needed their guidance,” said David Dwumah, CEO and Co-founder of OurBanc. “In under two months, with the help of MX, we’ve been able to go from initial discussions to our app going live with the industry’s best digital money management tools.”
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With MX’s industry-leading digital money management—including its data aggregation and data enhancement engine—leading fintechs such as OurBanc can have cleansed, categorized, and augmented financial data for their customers and be equipped with the tools they need to better manage their money.
“One of the major factors that attracts fintechs to MX is our ability to work closely as a partner to get a solution up and running faster than anyone else in the market,” said Nate Gardner, Chief Customer Officer, MX. “OurBanc is an example of this kind of partnership—where our shared missions and the core functionality of MX’s solutions had OurBanc live with their beta product in a matter of months.”
OurBanc is built with the fundamental purpose of creating a fair and equitable relationship between individuals and financial services that enables everyone to thrive financially. Not content to be a ‘Black-only’ or ‘Latinx-only’ bank, OurBanc recognizes that America’s financial system, with high default rates on student loans and employment discrimination, among other factors, has resulted in a wide racial wealth gap.
Over the coming months, in partnership with MX, OurBanc will continue to expand its offering with exciting new features.
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