MX Partners with Celero to Provide Personal Financial Management (PFM) Tools to Credit Unions in Canada
Celero integrates MX’s PFM budgeting and planning tools into its digital banking platform
LEHI, Utah and CALGARY, Alta., October 19, 2022 /PRNewswire/ — 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 in digital banking solutions hosted by Celero.
The winner PFM platform MXinsights provides real-time actionable insights for a consumer based on their personal financial portfolio at 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.
“Credit unions are deeply committed to supporting the financial well-being of their members. In today’s digitally driven world, there is a growing need for them to find innovative ways to deliver on that commitment more than ever,” said Colin Thrasher, Vice President, Digital Banking and Fintech at Celero. “For these reasons, we have made the strategic decision to partner with MX. Integrating MX’s industry-leading financial data platform into our digital banking solution is one more step in our commitment to delivering a digital banking experience. first-class omnichannel service for our customers and their members. We are very excited to add MX to our partner ecosystem to enable credit unions to provide members with timely and personalized information about their financial situation and, ultimately , to contribute to their financial empowerment.”
“As Canada moves toward open banking, we’re proud to stand with Celero to enable credit unions to connect third-party accounts and help their members achieve their financial goals,” said Raymond. den Hond, executive vice president of Channel Partnerships, MX. “Together with Celero, we can enable digital banking solutions with data-driven insights powered by our MXinsights PFM platform. We are building a foundation for future innovation between our two companies while increasing share of wallet and member loyalty for trusted credit unions in Canada.”
To learn more about becoming an MX Partner, please contact [email protected].
MX Technologies, Inc., a leader in open finance, helps organizations around the world connect to global financial data and turn raw, unstructured data into their most valuable asset to deliver intelligent, personalized financial experiences. MX connects over 13,000 financial institutions and fintechs, providing the most reliable and secure data connectivity network in the industry. 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. To learn more, follow us on Twitter and LinkedIn @MX or visit www.mx.com.
Celero is a leading provider of digital technologies and integration solutions for credit unions and financial institutions worldwide. Canada. Clients trust Celero’s proven track record in innovative banking technology, digital and payment solutions, cloud computing, outsourcing, IT and consulting services. Celero offers reliability and security through its world-class hosted banking system and data center operations. With key partnerships across the globe, Celero also brings the scale and extended capabilities of multinational tech companies and the focused expertise of fintech startups. For more information, visit celero.ca.
Media Contact: Tom Cook, [email protected]