MX Launches Portal Open Banking API for Embedded Data Connectivity

MX, a financial data connectivity platform, announced the launch of Portal on September 1, 2020, a new open banking API designed to enable financial institutions to offer embedded data connectivity to their customers and partners. Portal allows banks and fintechs to integrate account aggregation and financial data access directly into their digital experiences via API. The product supports the broader open banking movement by giving institutions tools to securely share and consume financial data.

Portal complements MX's existing suite of data enhancement and analytics products, positioning the company as a key infrastructure layer for embedded finance. The launch addresses growing demand from banks and fintechs seeking to build connected financial experiences without developing proprietary data infrastructure. By offering turnkey data connectivity, MX enables faster deployment of embedded finance features such as account linking, balance checks, and transaction data enrichment across third-party platforms.