US open finance company MX has partnered with Celero to integrate MX’s personal finance management (PFM) tools into the latter’s digital banking solution.
The award-winning MXinsights PFM platform delivers real-time, actionable insights to a consumer based on their personal financial portfolio at their credit union. Agreement enables Celero credit union customers to integrate with the MX platform to provide their members with secure, personalized financial guidance on spending, budgeting, debt management and account aggregation online and through an app mobile banking.
Financially support customers through innovation.
According to Celero, credit unions are deeply committed to supporting the financial well-being of their members. In today’s digital-driven world, there is a growing need for them to find innovative ways to deliver on that commitment more than ever. For these reasons, Celero made the strategic decision to collaborate with MX.
The integration of MX’s industry-leading financial data platform into Celero’s digital banking solution is a step toward delivering an omnichannel digital banking experience for credit unions and their members. MX will be added to its partner ecosystem to enable credit unions to provide participants with timely and personalized information about their financial position and ultimately contribute to their financial empowerment.
MX officials stated that as Canada moves towards Open Banking, they are happy to support Celero in enabling credit unions to connect third-party accounts and help their members achieve their financial goals. Together with Celero, they can enable digital banking solutions with data-driven insights powered by their MXinsights PFM platform. MX is building a foundation for future innovation between two companies while increasing wallet share and member loyalty for trusted credit unions in Canada.
More about MX
MX Technologies helps organizations around the world connect with the world’s financial data and turn unstructured data into a valuable asset to deliver smart, personalized money experiences. MX connects more than 13,000 financial institutions and fintechs, providing a reliable and secure data connectivity network. Additionally, MX powers 85% of digital banking providers, as well as thousands of banks, credit unions, and fintechs, with a combined reach of more than 200 million consumers.