MX Technologies Open-Finance Platform Data Aggregation and Personal Finance

MX Technologies, Inc. is a fintech infrastructure company founded in 2010 and headquartered in Lehi, Utah. Its core product is an open-finance data platform that lets banks, credit unions, fintechs and enterprise brands plug in once and immediately access account-aggregation, real-time balance verification, transaction enrichment and personal-finance analytics without having to build or maintain the rails themselves.
The platform today connects to more than 16,000 financial institutions via secure APIs and screen-scraping fall-backs, covering roughly 200 million consumer accounts. When an end-user links a checking account inside a budgeting app powered by MX, the company’s proprietary “Intelligent Data Aggregation” engine returns a normalized, tokenized feed in <250 ms, complete with 98 % accurate merchant name cleansing, GPS-tagged spend categories and carbon-footprint estimates. For lenders, MX offers “Instant Account Verification” (IAV) that uses OAuth-based tokens instead of credential sharing, cutting fraud by 42 % and abandonment by 30 % compared with micro-deposit flows. On the back end, MX emphasizes security and compliance. The company maintains SOC 2 Type II, ISO 27001 and PCI-DSS Level 1 certifications, encrypts all data at rest with AES-256 and in transit with TLS 1.3, and holds a patent for zero-knowledge proof key rotation. A real-time “Consent Ledger” logs every user permission on an immutable hash chain so banks can prove to auditors that data was accessed only for the purpose the consumer approved.