MX and Celero launch personal financial management tools

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US-based Open Finance Company MX has partnered with Celero Integrate MX’s personal finance management (PFM) tools into MX’s digital banking solution.

The award-winning MXinsights PFM platform provides real-time actionable insights for a consumer based on their personal financial portfolio within their credit union. The agreement enables Celero credit union customers to integrate with the MX platform to provide their members with personalized and secure financial advice on spending, budgeting, debt management and account aggregation online and via a mobile banking application.

Supporting customers financially through innovation

According to Celero, credit unions are deeply committed to supporting the financial well-being of their members. In today’s digital world, there is a growing need for them to find innovative ways to deliver on that commitment more than ever. For these reasons, Celero made the strategic decision to collaborate with MX.

Integrating MX’s industry-leading financial data platform into Celero’s digital banking solution is a step toward delivering an omnichannel digital banking experience for credit unions and their members. MX will be added to its partner ecosystem to enable credit unions to provide participants with timely and personalized information about their financial situation and ultimately contribute to their financial empowerment.

MX officials said as Canada shifts to open banking, they are pleased to stand with Celero to enable credit unions to connect third-party accounts and help their members achieve their financial goals. With Celero, they can enable digital banking solutions with data-driven insights powered by their MXinsights PFM platform. MX is building a foundation for future innovation between two companies while increasing share of wallet and member loyalty for trusted credit unions in Canada.

More information about MX

MX Technologies helps organizations around the world connect to global financial data and turn raw, unstructured data into a valuable asset to deliver intelligent, personalized financial experiences. MX connects over 13,000 financial institutions and fintechs, providing a 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.

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