Kony & MX Partner to Address the ‘Date Age’

Kony, a provider of digital banking solutions, has announced a strategic partnership with MX, a provider of ‘actionable financial data’.

By collaborating with MX, Kony DBX will offer Personal Financial Management and spending categorization and classification for banking and credit union customers, in order to provide greater insight into their financial health. MX and Kony also announced their first joint customer to benefit from the partnership – CommonWealth One Federal Credit Union, a full-service financial institution with over 33,000 members and branches in Northern Virginia, Washington, DC and Harrisonburg, VA.

“We live in a ‘data age’ and it is critical for banks and credit unions to have access to clean, actionable financial data to better meet their customers and members’ expectations. We are excited to collaborate with MX to deliver valued-added data services for Personal Financial Management and spending categorization and classification solutions that will give consumers a clear view of their financial health. In addition, banks and credit unions can also gain insight so they can better tailor their digital banking offerings to their customers and members.” – SVP and general manager, Kony DBX, Jeffery Kendall.

Bottom Line: Kony is the first vendor to provide pre-built, native and web apps along with a purpose-built digital banking platform for financial institutions.