Financial Data Exchange (FDX) Reports 28 Million Consumer Accounts Use FDX API for Open Finance and Open Banking
The Financial Data Exchange (FDX) today reports 28 million consumer accounts now use its FDX API for open finance and open banking data sharing. Since the group’s last report, more than one million additional consumer accounts were transitioned to the FDX API per month, representing an increase of six million additional consumer accounts that use the FDX API. FDX also reports that FDX API calls increased to more than 2.2 billion per month - indicating an expansion of data usage in the FDX API.
Financial Data Exchange Releases FDX API 5.0
The Financial Data Exchange (FDX) today announced a major update of its common open finance standards via the release of FDX API version 5.0. The new version of the FDX API significantly increases market standardization of financial data sharing around consent, user control and consumer dashboards, and aligns with other global standards like the Open ID Foundation’s Financial-grade API (FAPI) security standard and the insurance industry’s ACORD annuity standards to promote greater interoperability and industry adoption.
