MX and Mahalo Technologies announced a new partnership.
Through their partnership, companies will aim to provide financial datas solutions, ideas and tools that can be used by credit unions. They will also focus on supporting members to become financially independent.
MX, which is the financial data platform and key player in modern connectivity, will work closely with Mahalo Technologies, an online service provider and mobile banking services for credit unions.
As reported by Finextra, Mahalo and MX will provide financial service providers with a comprehensive and intuitive experience of the two companies’ combined technology platforms through deep technology integrations into core banking services – via Mahalo – and data enhancement – via MX – enabling and supporting actionable information to promote member growth and engagement.
PrimeWay Federal Credit Union, established in 1937 and with eight different locations in the Houston area, would be Mahalo and MX’s first joint customer.
Denny howell, COO, Mahalo Banking, said:
“The Mahalo team having over 50 years of combined experience in credit unions, we were impressed with the MX financial data platform. Its robust functionality fits well with the information credit unions want to share and to which their members have access. It was natural to forge this partnership to continue to provide an improved and even stronger combined solution to our mutual partner credit unions. “
Don Parker, EVP Partnerships, MX, noted:
“Our commitment to helping transform the digital experience for all financial institutions made the decision to partner with Mahalo easier. We have shared resources, a benchmark partnership agreement and integration between MX and Mahalo that will allow joint customers to be more competitive with the use of technology and improve the financial well-being and engagement of their members.
MX Technologies, the financial data platform and leader in modern connectivity, aims to help organizations connect to the world’s financial data and “turn raw, unstructured data into their most valuable asset to deliver business experiences. smart and personalized money ”.
MX connects more than 16,000 financial institutions and fintech companies providing “the most reliable and secure data connectivity network in the industry”.
As its management noted, MX Technologies improves financial data by “cleaning up, categorizing and adding metadata that enables organizations to deliver personalized experiences, reduce fraud, approve loans faster, and help them. customers to save and invest smarter ”.
Founded in 2010, MX Technologies claims to be one of the fastest growing Fintech companies. It is said to have “powered 85% of digital banking providers, as well as thousands of banks, credit unions and fintech, with a combined reach of over 200 million consumers.”