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Financial Data Exchange (FDX) Reports 42 Million Consumer Accounts on FDX API to Continue Driving Open Banking

Financial Data Exchange Newsroom

“The Financial Data Exchange (FDX) today reports that 42 million consumer accounts are now using its FDX API for open finance data sharing. Since FDX’s last report in June 2022, nearly 10 million additional consumer accounts were transitioned to the FDX API. FDX also reports that API calls have grown to 3.4 billion per month, proving the sustained growth of data usage in the FDX API. Today’s announcement stems from FDX’s Fall 2022 FDX API Implementation Metrics Survey, which collects reporting from the 200+ members of FDX. The FDX API is free to view and use, but the survey does not include non-FDX member data.   FDX’s anticipated product release will be issued later this year to include version 5.2 of the FDX API as well as updates to User Experience Guidelines with a money movement user journey and more. FDX API currently defines 660 unique financial data elements allowing consumers to securely use and share a wide range of their own financial data benefiting their financial lives.”

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