“Our partnership with Backbase demonstrates a combined interest in providing institutions with the industry-leading tools they need to provide customer-centric money management experiences,” MX founder/CEO Ryan Caldwell said. “Backbase's talented team has developed award-winning, optimized solutions centered around an institution's digital strategy, a critical focus for institutions right now. We're thrilled to provide Backbase a more agile API and robust aggregation solution for their platform – which will increase MX's ability to deliver even more value for millions of additional end-users.”

“Our decision to partner with MX came from a shared vision of how we see the industry moving forward; MX offers industry-leading PFM solutions and their focus on creating the best customer experience is very much aligned with what we deliver in our digital banking solution,” Backbase co-founder/CEO Jouk Pleiter said. “By adding MX to our Open Banking Marketplace and offering easy integration between our digital banking solution and MX's platform, we are able to offer North American FIs a powerful solution to upgrade their outdated digital banking stacks.”

Last week, Backbase and Wethersfield, Conn.-based online and mobile digital payments company Payveris announced a partnership that will enhance Backbase's money movement capabilities. Payveris provides integrated payment solutions to banks and credit unions. As part of that partnership agreement, Backbase will leverage Payveris' payment API to offer money movement features within the Backbase Engage platform. Payveris also became part of the Backbase Open Banking Marketplace.