MX, the specialist in modern connectivity and data enhancement for financial institutions, has announced a new partnership with Moov Financial, as the pair strengthen identity verification procedures.
The collaboration will seek to provide instant account verification (IAV) and money movement to fintechs and companies of all sizes.
Wade Arnold, CEO of Moov, commented: “Whether you think of yourself as a fintech or not, every modern company is seeking a way to automate its process to accept, store, and disburse money.
“Developers want the best user experience possible for their application. MX’s ability to provide fast IAV makes the payment experience swift and more seamless than it would have been without the joint solution.”
He added: “MX’s ability to provide real-time balance inquiry throughout its vast network before a transaction drastically decreases the risk of a failed payment. With Moov, MX customers can leverage their existing accounts for payments without requiring users to re-authenticate or enroll, making money movement a simple addition to their experience.”
The combined solution between MX and Moov seeks to focus on faster, more secure and reliable IAV, resulting in an improved money experience for customers who are adding banking and payment functionality to their solutions.
“Moov is transforming the way fintechs enable account verification, money movement, and ACH payments through APIs,” said Brandon Dewitt, Cofounder and CTO of MX. “We align with their mission to help fintechs and organizations focus on building amazing new experiences. Fintechs like Moov are a big reason why a massive digital shift is happening across the banking industry.”
