Hydrogen’s platform will allow business customers to offer innovative financial services, cut development time and cost by over 80 percent
MX, the leader in open finance and creator of the Money Experience category, announced an integration partnership with Hydrogen to empower financial technology developers to build sophisticated fintech applications in minutes. New York-based Hydrogen enables any organization to quickly and easily offer complex fintech products or components.
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The Hydrogen offering is a revolutionary approach that enables any business, regardless of technical ability, to implement innovative fintech components.
“We are very excited to formally launch this partnership with MX,” said Mike Kane, Co-founder of Hydrogen. “As we tackle the enormous, embedded finance opportunity, our combined years of experience in working with financial institutions and technology companies made this a natural partnership for us. Together, Hydrogen and MX will empower financial strength, by helping businesses save hundreds of development hours and tens of thousands of dollars in integration costs.”
In partnership with MX, Hydrogen will cut development time and costs by more than 80 percent, increasing clients’ speed-to-market, and allowing valuable resources to be allocated to other aspects of their business. Powered by MX’s financial data API, which provides access to MX account aggregation and industry-leading enhanced data, Hydrogen clients will now be able to easily embed and secure accurate financial data connections into their products. In addition, Hydrogen Money and Cards clients will gain access to other MX applications, such as best-in-class, automated financial management and machine learning powered insights, and reliable account connections for money movement.
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Hydrogen’s low-code API offering will enable more sophisticated organizations to build custom applications on top of their robust REST-based APIs, powered by MX’s capabilities. This powerful platform provides orchestration, UI, business logic, and data cleansing capabilities.
“This partnership is a perfect match on so many levels,” said Don Parker, EVP Partnerships, MX. “With Hydrogen, we now have a partner to help us service the embedded finance market, which is an increasingly important opportunity for MX. The partnership opens up MX functionality to even more fintech companies and organizations that are already working to improve financial strength and access to quality financial tools.”
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