USAA selects MX for money management and data aggregation solutions
LEHI, UT (March 15, 2016) — MX Technologies announced today that it signed a multi-year deal to provide data aggregation capabilities to USAA, allowing the financial services company to offer additional money management services to its members in the U.S. military community.
USAA will use MX’s suite of products to provide its 11.4 million members with improved insight into their personal financial health, empowering them to make better decisions about spending, saving and investing. In addition, the advanced analytics capability built into the MX platform will enhance USAA’s ability to proactively identify and offer personalized advice and products based on each member’s unique needs and life stage.
Exact terms of the deal were not disclosed. It follows a May 2015 investment by USAA that made USAA one of MX’s early investors. Since then, USAA has been working with MX on data testing and innovation planning, culminating in the deal announced today.
“USAA is widely recognized as one of the most innovative banks in the world and we are honored to have them recognize and select us,” said Ryan Caldwell, Founder and CEO of MX. “Both teams are on a mission to promote and provide individuals with critical digital offerings necessary for financial education and well-being. We’re thrilled to bring our platform to millions of individuals and families through USAA.”
About MX
MX, the financial data platform and leader in modern connectivity, helps organizations everywhere connect to the world’s financial data and turn raw, unstructured data into their most valuable asset to deliver intelligent and personalized money experiences. MX connects more than 16,000 financial institutions and fintechs providing the industry’s most 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 over 200 million consumers. To learn more, follow us on Twitter @MX or visit www.mx.com.
