American Express and MX Announce Customer-Permissioned Data Sharing Agreement to Expand Digital Finance Management for Customers

NEW YORK – November 7, 2024 – American Express (NYSE: AXP) today announced an API-powered data access agreement with MX Technologies, Inc. that will provide new digital banking options for customers without compromising their account security. American Express customers will now be able to better manage their personal finances and business expenses via secure connections of their American Express accounts with third-party financial institutions and fintech apps through MX.

Integrating the third-party financial applications available through MX with American Express’s Account Financials API offers customers increased transparency and greater control over where and how their American Express account data is permissioned and shared. The integration allows the customer to leverage American Expresses’ secure authentication procedures while eliminating the need for credential sharing, improving data accuracy and reliability, and accelerating financial data access. 

“This agreement underscores American Express’ investment to providing more secure and seamless digital experiences for an increasingly digital customer base,” said Danielle Cloud, Senior Vice President, Enterprise Data Governance & Platforms, American Express. “With MX’s integration into our API, we’re empowering consumers and small business owners to better manage their financial lives without compromising the security and transparency they expect from American Express.”

American Express’ Account Financials API allows customers to share their financial data, while also maintaining the privacy of their user credentials. The many benefits to American Express customers include:

• Strengthened Security – Supported by the OAuth2 protocol, the Amex Account Financials API provides customers with control over where and how their financial information is being accessed and shared.
• Greater Reliability – Customer-directed account information is shared in real time.
• Increased Control and Transparency – Customers can clearly understand and manage their connections to financial service provider apps and have better visibility into where their data is going and what data is being shared.
• More Seamless Sign-on – Connections are more stable with fewer disruptions, and may last for longer periods, enabling easier sign-on.

“At MX, we’ve continually been on the forefront of helping financial institutions and fintechs provide ways for consumers to securely access, share, and manage their data to improve their financial outcomes,” explained Jane Barratt, Chief Advocacy Officer and Head of Global Public Policy, MX. “We’re thrilled to partner with American Express to help them meet customer demand for permissioned data sharing.”

About American Express

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate sustainability information: personal cards, business cards and services, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate sustainability and Environmental, Social, and Governance reports.

About MX

MX Technologies, Inc. is a leader in actionable intelligence, enabling financial providers and consumers to do more with financial data. MX provides end-to-end solutions for financial institutions and fintechs to connect to, understand, and act on customers’ financial data. To learn more follow us on Twitter and LinkedIn @MX or visit www.mx.com. 

Press Contacts

American Express

Aziza Johnson

Aziza.Johnson@aexp.com

MX

Hannah Sieler

Hannah.Sieler@mx.com