MX Stock

MX, an industry leader in Open Finance, today announced that Data Access, formerly MXaccess, is now available for free to financial institutions and data providers. Data Access enables financial institutions and other data providers to help consumers connect to all the financial providers they use to manage their money, including banks, credit unions, payment providers, and fintech apps.

Payments provider Sila and Open Finance firm MX have completed the integration work of MXapi Processor Tokens with Sila. The deal will allow Sila customers and their end users to verify bank accounts and account data for fraud mitigation and balance checks.

As August ended, open finance fintech MX announced the hiring of a new CTO, Wes Hummel, who will lead the firm's engineering and information security teams, and report to CEO Jim Magats.