MX and Mahalo Technologies have announced a new partnership.
Through their partnership, the companies will aim to provide financial data solutions, insights and actionable tools to 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 be working closely with Mahalo Technologies, a provider of online and mobile banking services for credit unions.
As reported by Finextra, Mahalo and MX will offer financial service providers with a comprehensive, intuitive experience from the two firms’ combined tech platforms via deep technology integrations into core banking – through Mahalo – and data enhancement – via MX – enabling and supporting actionable insights to promote growth and member engagement.
PrimeWay Federal Credit Union, established in 1937 and with eight different locations in the Houston area, will reportedly be the first mutual client of Mahalo and MX.
Denny Howell, COO, Mahalo Banking, stated:
“With the Mahalo team having over 50 years of combined experience working for credit unions, we were impressed with the MX financial data platform. It’s robust features fit well with the information credit unions want to share with and give their members access to. It was only natural to forge this partnership to continue to bring an enhanced and even stronger combined solution to our mutual partner credit unions.”
Don Parker, EVP of Partnerships, MX, remarked:
“Our commitment to aid in transforming the digital experience for all financial institutions made it an easy decision to partner with Mahalo. We have shared resources, a referral partner agreement, and an integration between MX and Mahalo that will allow mutual clients to be more competitive with the use of technology and enhance the financial wellbeing and engagement of their members.”
MX Technologies, the financial data platform and leader in modern connectivity, aims to assist organizations with connecting 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 over 16,000 financial institutions and Fintech firms offering “the industry’s most reliable and secure data connectivity network.”
As noted by its management, MX Technologies enhances financial data by “cleansing, categorizing, and adding metadata that empowers organizations to deliver personalized experiences, reduce fraud, approve loans faster, and help customers save and invest smarter.”
Established in 2010, MX Technologies claims to be one of the fastest-growing Fintech companies. It reportedly “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.”