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TL;DR - MX
- Financial data with superior enrichment
- 2,000+ financial institution partners
- Focus on data quality over quantity
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Superior data enrichment
- Strong FI relationships
- Clean transaction data
- Good for credit unions
- Actionable insights
Cons
- Enterprise pricing
- Less developer-focused
- Smaller FI coverage than Yodlee
- US-focused
Key Features
Data aggregation APIsTransaction enrichmentAccount verificationFinancial insightsOpen finance platformMoney management toolsData intelligenceCredit union focus
Pricing Plans
Enterprise
Custom
Contact sales
- Full platform access
- Data aggregation
- Transaction enrichment
- Dedicated support
- Implementation services
About MX
By Toolradar Team·
MX is a financial data platform that helps organizations connect, enhance, and act on financial data. The company focuses on data quality and intelligence, offering not just aggregation but also transaction categorization, merchant identification, and financial insights. MX serves over 2,000 financial institutions and fintech companies, providing open finance APIs that enable better financial experiences. Their platform emphasizes clean, actionable data rather than just raw connectivity.
How we evaluate tools →Source: mx.com
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MX FAQ
What makes MX different from Plaid?
MX focuses heavily on data quality and enrichment, offering cleaner transaction categorization and merchant data. Plaid has broader coverage and easier developer onboarding. MX is often preferred by financial institutions themselves.
Does MX work with credit unions?
Yes, MX has particularly strong relationships with credit unions and community banks. Many credit unions use MX for their own digital banking platforms.
Is MX only for financial institutions?
No, MX serves both financial institutions and fintech companies. However, their go-to-market is more FI-focused compared to Plaid's developer-first approach.
Source: mx.com