Kony and MX Team Up to Empower Banks and Credit Unions to Help Consumers Gain Greater Insight Into Their Financial Health
January 22, 2019
Announces First Joint Customer – CommonWealth One Federal Credit
Union
AUSTIN, Texas & LEHI, Utah–(BUSINESS WIRE)–Kony,
Inc., a leading provider of digital banking solutions, today
announced a strategic partnership with MX,
the leader in 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.
“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,” said Jeffery Kendall, senior vice
president and general manager, Kony DBX. “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.”
MX data enables financial institutions and fintech providers to grow
faster, reduce costs, and deliver exceptional customer experience. In
doing so, MX is empowering the world to become financially strong.
“We are honored to have a innovative fintech leader like Kony choose us
to further enhance their leadership position in financial services
industry,” said Don Parker, executive vice president of partnerships,
MX. “Together, and through Kony’s expansive partner network, we will
help more banks, credit unions and fintech developers grow faster,
reduce costs, and deliver exceptional experiences to their customers.”
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, is the first credit union to
benefit from the combined data platform and services of MX and Kony.
“We are excited to work with both Kony and MX to gain better insight
about our members and their financial picture,” said Larry Flory, CIO,
CommonWealth One Federal Credit Union. “By having access to clean,
relevant and categorized data, we will be able to better serve and meet
our members’ financial needs , and our members will also be able to
aggregate and see all of their accounts in one place. Having improved
insight into their finances will enable our members to make better
financial decisions.”
Kony
DBX represents a major advancement to help banks and credit unions
deliver frictionless digital experiences to customers across every point
of interaction. Kony is the first vendor to provide pre-built, native
and web apps along with a purpose-built digital banking platform for
financial institutions. The Kony DBX platform builds on Kony’s digital
expertise in multiple industries, with advanced technology solutions
supported by an expansive partner network.
Kony has been named a “Leader” among the top Digital Experience
Development Platforms vendors in The Forrester Wave™: Digital
Experience Development Platform, Q2 2018 report. Kony
has also been recognized as a “Leader” in the IDC
MarketScape: 2017 North American Mobile Banking and Payments report,
with the highest rating for Mobile Banking capabilities. Kony is also a Callahan’s
2018 Innovation Series winner, and earned two top honors at the American
Banker Digital Banking 2018 event: Runner Up for Best in Show and
People’s Choice.
About MX
MX, the leader in actionable financial data, enables financial
institutions and fintech providers to grow faster, reduce costs, and
deliver exceptional customer experience. In doing so, MX is empowering
the world to become financially strong. Founded in 2010, MX is one of
the fastest-growing fintech providers, partnering with more than 1,800
financial institutions and 43 of the top 50 digital banking providers.
For more information, visit www.mx.com.
About Kony, Inc.
Kony is
the fastest growing, cloud-based digital application and low-code
platform solutions company, and a recognized industry leader among low
code and mobile application development platform (MADP)
providers. Kony DBX is the banking and financial services arm of Kony,
Inc. and is a globally recognized leader in digital banking
transformation. With a portfolio of modern, frictionless applications
powered by the industry’s most recognized platform, Kony DBX enables
banks and credit unions of any size to accelerate innovation — without
compromising what’s critical.
For more information on Kony DBX and Kony DBX Retail Banking, visit Kony
DBX or connect with Kony DBX on Twitter, Instagram,
and LinkedIn.
Contacts
Kony Media Contacts:
Jean Kondo
Kony, Inc.
Jean.kondo@kony.com
+1
510-823-4728
Julie Sigler
WE Communications
TeamKony@we-worldwide.com
+1
415-547-7025
MX Media Contact:
Steve Jensen
Director of
Communications, MX
steve.jensen@mx.com
+1
801-669-5532