MX launches Path, a data connectivity API powering modern banking experiences

Source: IBS Intelligence 2020-07-24

Brandon Dewitt, Co-founder and CTO of MX

MX, a leading digital transformation platform for banks, credit unions, FinTech and partners, has announced the launch of Path, a simpler, faster, and more secure way for financial institutions and FinTechs to connect new services, apps, cores, and systems.

Path is a data connectivity API that empowers organizations to go beyond the constraints of legacy systems such as slow innovation, time-consuming and costly upgrades, and inflexible contracts. It improves data access and connectivity by connecting core systems with consumer finance providers and enterprise tools like Dell Boomi, MuleSoft, and Salesforce.With Path, financial institutions and FinTechs can:

Improve enterprise data connectivity,
Increase IT flexibility,
Develop a 360 degree view of user finances by connecting consumer finance providers to their core systems,
Deliver data-driven money experiences.

Path, as an API-driven solution, can be deployed as a fully managed service by MX, or it can be built and handed off independently for financial institutions or FinTechs to run. It is a connector framework, tying together disparate systems to create a better customer experience, improve data access, and extend MX platform functionality.

“With Path, financial institutions and fintechs can enjoy the flexibility of more modern cores without multi-year migrations that slow down innovation. Path will help financial institutions and fintechs connect their financial systems through an open API, so they can better understand their customers and innovate faster. With Path, organizations can become true advocates for their customers as they progress along their financial journey,” said Brandon Dewitt, Co-founder and CTO of MX.

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Founded in 2010, MX is a growing FinTech innovator, powering more than 2,000 financial institutions and 43 of the top 50 digital banking providers to improve the financial lives of more than 30 million people.

Path

MX launches Path, a data connectivity API powering modern banking experiences

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