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Financial Data Exchange (FDX) Reports 28 Million Consumer Accounts Use FDX API for Open Finance and Open Banking

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Industry adoption of common, interoperable and market-led financial data sharing API standard continues to grow

The Financial Data Exchange (FDX) today reports 28 million consumer accounts now use its FDX API for open finance and open banking data sharing. Since the group’s last report, more than one million additional consumer accounts were transitioned to the FDX API per month, representing an increase of six million additional consumer accounts that use the FDX API. FDX also reports that FDX API calls increased to more than 2.2 billion per month – indicating an expansion of data usage in the FDX API.

“The financial services industry is continuing to implement the FDX API at a rapid rate,” says FDX Managing Director Don Cardinal. “It’s exciting to see our vision for FDX as a non-profit industry standards body with a common, interoperable and royalty-free API coming to fruition,” added Cardinal. “The collaborative work of our members…

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