Article: FDX,Reports 16 Million Consumers Using API,Claims Canada,US lead in Open Banking Adoption

Money, Open Governance

FDX, Reports 16 Million Consumers Using API, Claims Canada, US lead in Open Banking Adoption

The Financial Data Exchange (FDX), an organization that aims to bring the financial industry under a common standard for financial data access, has claimed Canada and the United States are “global leaders” in open banking adoption.

FDX, which only operates in the United States and Canada, recently reported 16 million consumers in Canada and the United States are using its FDX API for open banking and open finance data sharing. Headquartered in Reston, Virginia, FDX aims to bring together financial institutions, FinTech firms, and other stakeholders around a common standard for data sharing across the entire financial industry.

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