AUSTIN, May 14, 2019 Fintech Self has joined the Financial Data Exchange (FDX) to improve consumer access to financial data by promoting and developing a standardized approach across financial institutions, fintechs and other industry groups. These standards would provide consumers with a secure, easy-to-use way to access their financial data in real-time.
Today, Self customers can only view and manage their accounts when logged into Self. Access to the FDX API enables Self to join the growing number of financial institutions allowing data to be compiled into a single platform of the user’s choice, such as a budget tracker app or other third-party financial apps. This API allows users to view and manage their various financial accounts from within a single location, and provides users with greater visibility into their overall finances.
With greater access to data comes greater decision-making power on the part of the consumer, something Self CEO, James Garvey, says both FDX and Self strive for.
“We’re honored to join FDX because we believe that all consumers should have access and control over their financial data. By partnering with FDX, Self customers gain more control of their digital, financial lives,” says Garvey.
“We’re excited to welcome Self to FDX," said Don Cardinal, FDX Managing Director. "They share our passion to efficiently, securely, and transparently share consumer financial data to promote greater financial access for all people.”
Self is a fintech startup with a mission to help people build credit – particularly those who are new to credit or who might not have access to traditional financial products. To build credit, rebuild credit, or for more information, please visit www.self.inc
Financial Data Exchange (FDX) is a non-profit financial industry organization dedicated to promoting and enhancing a common interoperable standard for securely sharing consumer financial data. Open to financial institutions, fintech companies and other industry participants, FDX puts consumers in control of their personal financial data and facilitates the development, growth and industry-wide adoption of the FDX API’s operating framework. FDX is a subsidiary of FS-ISAC. For more information and to join, visit www.financialdataexchange.org/