LEHI, Utah, Oct. 8, 2024 (Globe Newswire) — MX Technologies, Inc. today announced new integrations that enable financial service providers to streamline the direct deposit and bill payment switching process for consumers. announced. MX’s integration with Atomic will make it easier for financial providers to identify customers who could benefit from account switching, and make it easier for consumers to actually make the switch.
“Financial providers identify opportunities to improve consumer outcomes, deepen relationships, offer competitive products, drive conversions and increase deposits, and encourage consumers to take actions related to those opportunities. We need a better way to make it easier,” said Wes Hummel. , MX, Chief Product and Technology Officer. “This integration will provide organizations with actionable intelligence and empower consumers to take the next step immediately.”
MX’s data enrichment, customer analytics, and financial insights solutions enable financial providers to uncover insights into where consumers are paying their direct deposits and recurring bills. Financial providers need this financial data intelligence to better understand consumer needs and provide personalized solutions and messages to meet consumer needs. With the integration of Atomic’s consumer-enabled direct deposit switching technology, financial providers can now offer a streamlined account switching experience for consumers to take action immediately.
“By partnering strategically with MX, we are able to create a unique account switching experience. We integrate intelligent account and transaction data and provide an intuitive way to update deposit and payment methods. Now, users can seamlessly establish new banking relationships and maintain control of their financial data,” explained Jordan Wright, co-founder and CEO of Atomic. “We are excited to partner with MX and continue to leverage open financial solutions to make a meaningful difference in people’s financial lives.”
About MX
MX Technologies, Inc. enables financial providers and consumers to do more with their financial data. MX provides end-to-end solutions for financial institutions and fintechs to connect, understand, and act on their customers’ financial data. For more information, follow us on X and LinkedIn @MX or visit www.mx.com.
About Atomic
Atomic is the market leader in bank account superiority, trusted by more than 195 financial institutions and fintech companies, including 13 of the industry’s largest digital-first neobanks and 6 of the top 10 financial institutions. Atomic serves as a critical bridge between consumer data and financial solutions by enabling unparalleled access to payroll, HRIS systems, merchants, direct deposit switching, income and employment verification, and more. Facilitates various financial services such as , payment method updates, subscription management, etc. For more information, please visit https://atomic.financial.
