Visa, Mastercard and the American Bankers Association are among the latest members of the Financial Data Exchange (FDX)
In Brief:
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Eight members in total joined between 1 May and 31 July 2019.
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In total membership has reached 55, including organsiations across the financial services ecosystem.
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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.
