Today Zenmonics, a global technology services provider serving the banking and financial technology market, reported a new strategic alliance with MX, the world's fastest-growing fintech company, to provide unified financial data and intuitive money management tools to its digital transformation platform, channelUNITED. The companies announced the partnership in conjunction with delivery to a shared top-100 financial institution.
MX will deliver cleansed and categorized transaction data that makes spending behavior easier to interpret, along with redundant, reliable multi-source aggregation that paints a comprehensive financial picture for customers across their accounts. MX's award-winning user interface further assists banking customers in formulating budgets, analyzing their spending, paying down debts and assessing net worth.
"Given our focus on not only delivering a unified experience across channels but delighting users, MX's money management tools held great appeal," said Jeff Jones, COO of Zenmonics. "Helping customers better understand their financial health and become financially strong through these digital tools is critical in strengthening the trust with their financial institution."
The partnership will also provide Zenmonics clients with access to MX's Insight & Target, an analytics & marketing engine allowing financial institutions to identify their customers' external accounts — mortgages, auto loans, credit cards — and compete for that business through superior offers.
"Data is at the heart of what we do. Whether it's enabling the user to save money through proper budgeting or enabling their financial institution to better understand that user's needs and grow share of wallet through tailored offers," said MX Founder and CEO Ryan Caldwell. "We're especially excited to be delivering these capabilities through a partner like Zenmonics, given their industry leading omni-channel experience and commitment to the digital transformation of banking."