Open Banking

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Dear Customer, We have launched AI powered KYC & KYB facility for New customer account opening.

Open Banking connecting third-party services

Our Open Banking solution enables users to securely connect to multiple external services in one place, offering a clear overview of their finances and a third-party services connection.

Open banking can bring a variety of benefits to both consumers and businesses. Here are some of the main advantages of open banking:

Improved financial transparency: Open banking allows consumers to see all their financial information in one place, which can help them to understand their financial situation better.

Increased competition: Open banking can encourage more competition in the financial sector, which can lead to better pricing, more innovative products, and better services for consumers.

Enhanced financial management: Open banking enables consumers to manage their finances more easily by giving them access to a range of tools and services that help them to budget, save, and invest.

Faster and more efficient payments: Open banking can streamline payment processes and reduce the time and cost associated with traditional payment methods.

Better credit scoring: Open banking can allow lenders to access a wider range of data when assessing creditworthiness, which can lead to more accurate credit scoring and better lending decisions.

More personalized services: Open banking enables financial institutions to offer more personalized services to customers based on their financial data.

Overall, open banking has the potential to make financial services more accessible, efficient, and affordable for everyone.

Giving our customers’ everyday banking, with access to all their accounts in one place

Mex Money customers can link multiple bank accounts in one place and get a holistic view of their finances thanks to our third-party aggregation partners. To provide the best coverage, we select the best aggregators in every geographic region.