MX partners with Hydrogen to power the future of FinTech and Embedded finance
By Pavithra R
MX, a leader in open finance and creator of the Money Experience category, has announced an integration partnership with Hydrogen Technology Corp, innovative embedded finance and international payments platform provider, to empower financial technology developers to build sophisticated FinTech applications in minutes.
Hydrogen enables organizations to offer FinTech products or components easily. Its no-code offering allows organizations with little or no development experience to add robust FinTech products swiftly. It also enables sophisticated organizations to build custom applications on top of its robust REST-based APIs, powered by MX’s capabilities. This powerful platform provides orchestration, business logic, UI, and data cleansing capabilities.
“We are very excited to formally launch this partnership with MX. As we tackle the enormous, embedded finance opportunity, our combined years of experience in working with financial institutions and technology companies made this a natural partnership for us. Together, Hydrogen and MX will empower financial strength, by helping businesses save hundreds of development hours and tens of thousands of dollars in integration costs,” said Mike Kane, Co-founder of Hydrogen.
Through the collaboration with MX, Hydrogen will cut development time and costs by more than 80%, increasing clients’ speed-to-market, and allowing valuable resources to be allocated to other aspects of their business. Powered by MX’s financial data API, which provides access to MX account aggregation and enhanced data, Hydrogen clients will easily embed and secure accurate financial data connections into their products. Additionally, Hydrogen Money and Cards clients will also gain access to other MX applications, such as best-in-class, automated financial management and machine learning-powered insights, and reliable account connections for money movement.
“This partnership is a perfect match on so many levels. With Hydrogen, we now have a partner to help us service the embedded finance market, which is an increasingly important opportunity for MX. The partnership opens up MX functionality to even more fintech companies and organizations that are already working to improve financial strength and access to quality financial tools,” said Don Parker, EVP Partnerships, MX.
Recently, Hydrogen secured a strategic investment from EML FINLAB.
Founded in 2017, Hydrogen offers global FinTech enablement platform. The company’s mission is to create a worldwide ecosystem for better, simpler, fairer, more transparent, and more affordable financial products.
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