October 19, 2022 – MX, a leader in Open Finance, and Celero, a leader in digital technology and integration solutions, today announced an agreement to integrate MX’s personal financial management (PFM) tools into Celero-hosted digital banking solutions.
The award-winning MXinsights PFM platform delivers actionable real-time insights for a consumer based on their personal financial portfolio at their credit union. The agreement enables all Celero credit union clients to integrate with the MX platform to provide their members with personalized, secure financial guidance about their spending, budgeting, debt management, and account aggregation online and through a mobile banking app.
“Credit unions are deeply committed to supporting their members’ financial well-being. In today’s digital-driven world, it’s increasingly necessary for them to find innovative ways to deliver on that commitment,” said Colin Thrasher, Vice President, Digital Banking and Fintech at Celero. “For these reasons, we made the strategic decision to collaborate with MX. The integration of MX’s industry-leading financial data platform into our digital banking solution is one more milestone in our commitment to delivering a first-class, omnichannel digital banking experience for our clients and their members. We are very pleased to add MX to our partner ecosystem to enable credit unions to offer members timely, personalized insights about their financial position and ultimately contribute to their financial empowerment.”
“As Canada shifts towards Open Banking, we’re proud to stand with Celero in enabling credit unions to connect third-party accounts and help their members achieve their financial goals,” said Don Parker, Executive Vice President of Partnerships, MX. “Together with Celero, we can enable digital banking solutions with data-driven insights powered by our MXinsights PFM platform. We’re building a foundation for future innovation between our two companies while increasing the share of wallet and member loyalty for trusted credit unions all across Canada.”
For more information, reach out to your Celero Account Executive or contact us here.