Visa, Mastercard join Financial Data Exchange

August 29, 2019 | Data Management

Written by FinTech Alliance

Visa, Mastercard join Financial Data Exchange

Visa, Mastercard and the American Bankers Association are among the latest members of the Financial Data Exchange (FDX)

In Brief:

  • Eight members in total joined between 1 May and 31 July 2019.

  • In total membership has reached 55, including organsiations across the financial services ecosystem.

  • FDX aims to bring a common approach among industry providers to developments such as open banking, APIs and prioritising security.

What does this mean?

Security and transparency in financial services are becoming a global concern with the sharing of data – FDX brings industry leaders together and the more it has on board, the more it can educate its members and promote best practice.

Read more here.

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