Today’s fragmented money experience forces consumers to juggle 5–10 financial relationships without a clear view of their finances, while providers lack visibility and rely on insecure methods like screen scraping. Research shows 72% of consumers would switch providers if they couldn’t connect to preferred apps, and 89% believe they own their financial data. Open Finance addresses these issues by enabling secure, tokenized APIs that improve fraud prevention, deliver real-time insights, and support personalization. MX Data Access, built on FDX standards, empowers consumers to control data sharing while helping institutions reduce costs, enhance trust, and unlock actionable intelligence.

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