iuvity, a cloud-first digital banking and open service platform provider, announced that it has partnered with MX Technologies,, a leader in open finance, to enable secure data sharing and financial account aggregation within iuvity’s digital banking platform. Through this partnership, iuvity’s clients will be able to leverage MX’s open finance APIs to provide their customers with a more secure and reliable data sharing experience and power insights to help customers meet their financial goals.
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“Open banking is the future of financial services, and by partnering with MX, we further strengthen our commitment to empower our financial institution clients to provide more meaningful, personalized online experiences that better connect users with their financial world,” said Brian Abele, General Manager US, iuvity. “Since both MX and iuvity embrace modern, open finance APIs, we were able to quickly connect our solutions, and in turn, open new opportunities for our clients to provide their customers and members a single view of their financial environment – all within their preferred financial institution’s digital banking solution.”
The partnership between iuvity and MX enables financial institutions and their customers and members to securely connect multiple financial accounts across various institutions within iuviBANKING. With this combined offering, banks and credit unions gain valuable insights to drive better user experiences, increase operational efficiency, and enhance security. With Data Access and industry-leading data cleansing and categorization capabilities, it also facilitates the delivery of real-time, predictive guidance based on consumer behaviors to help customers and members improve their financial wellness all within a single view in iuviBANKING.
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“With multiple accounts spread across various financial institutions, consumers — and their financial providers — lack a clear view of their full financial picture. By offering a way to quickly connect accounts into a comprehensive view, iuvity is empowering its clients and their customers and members to gain greater visibility to drive better financial outcomes,” said Brett Allred, Chief Commercial Officer, Fintech, at MX. “By partnering with iuvity, we’re able to help iuvity’s financial institutions to deliver valuable insights at speed to meet consumer needs for proactive guidance and automated insights.”
iuvity will also leverage MX’s Instant Account and Identity Verification solution to streamline the account aggregation process and enable future use cases within the iuviBANKING platform, such as account opening. Time-to-market is of the utmost importance in today’s financial world and iuvity is well-positioned to deliver integrations such as these in record time, providing the peace of mind to stay at pace with the dynamic speed of digital.
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