News
MERCER ISLAND, Wash. — Oct 20, 2025 — PortX, the AI-powered data integration platform built for banks and credit unions, today announced the close of a strategic growth round backed by new investors Allied Solutions and the American Bankers Association (ABA). The investment extends PortX’s Series B funding round and underscores strong industry confidence in the company’s ability to help financial institutions move faster and operate smarter.
Financial Industry Continues Strong Support of PortX
This latest round brings two of the most respected names in financial services and includes renewed participation from existing backers—BankTech Ventures, Curql Collective, BTech Consortium, EJF Capital, and others—reflecting sustained conviction in PortX’s strategy and market momentum. “We’re humbled by the fact that the financial industry keeps doubling down on the work we’re doing,” said David Wexler, CEO of PortX. “Our existing investors continue to demonstrate confidence in our growth, while the addition of Allied Solutions and the ABA represents massive faith in our platform and the value it delivers to FIs.” PortX serves more than 200 banks and credit unions. The PortX Platform, powered by PiXi AI, unifies integration, data, and payments in one secure, scalable hub.
Allied Solutions Strengthens Its Core Connectivity with PortX
Allied Solutions, a leading provider of insurance, lending, and risk management services to financial institutions, has invested in PortX, deepening its technology connection with more than 6,000 financial institution clients. After evaluating multiple approaches, Allied selected PortX as its foundation for core connectivity and will engage with its customer base over the next couple of years to explore PortX migration. "We are committed to investing in tools that modernize our business and streamline our service," said Pete Hilger, CEO of Allied Solutions. "PortX offers the innovative technology needed to deliver fast, secure, and proven integrations to support our Credit Union and Banking clients."
ABA Investment Builds on Its Evaluation of PortX
The American Bankers Association’s investment builds upon its 2023 "Exploring Banking Middleware Solutions" report, which recognized PortX as a leader in Integration-Platform-as-a-Service (iPaaS) solutions purpose-built for banking. “To stay competitive, banks must embrace faster, more flexible ways to deliver products and services,” said ABA President and CEO Rob Nichols. “Fintech partnerships with companies like PortX are essential to driving innovation in banking, and our investment will get this technology in the hands of banks even sooner.” The ABA’s investment expands on that evaluation, expressing confidence that PortX will continue to help banks reduce core dependency, unify data for better customer experiences, and foster fintech partnerships safely and efficiently. “PortX is well-positioned to establish itself as a leader in banking middleware, offering a robust, scalable solution with strong integration capabilities,” said Brooke Ybarra, Senior Vice President of Innovation at ABA. “We’ve heard nothing but strong praise from bankers across the country for PortX’s ability to deliver and execute effectively.”
Strategic Growth Round: Building the Future of Open, Connected Banking
This strategic growth round provides PortX with additional capital and strategic reach to accelerate its roadmap for the PortX Platform and PiXi AI capabilities, expanding industry adoption of open, secure data integration that supports core modernization and real-time decisioning.
About PortX
PortX, powered by PiXi AI, is the only AI-powered data integration solution purpose-built for banks and credit unions. The PortX Platform unifies core, fintech, application, data, and payments connectivity in one secure, scalable hub. Financial institutions can adopt fintechs faster, publish trusted “blessed” data across the enterprise, and deliver real-time insights. PortX gives financial institutions the confidence, agility, and speed to compete with the largest banks at a fraction of the cost. PortX is trusted by financial institutions nationwide to modernize systems, accelerate growth, and achieve Customer360 outcomes. Learn more at portx.io.
Media Contact
Brad Allen
pr@portx.io
Mercer Island, WA – September 29, 2025 – PortX, the AI-powered integration and data solution purpose-built for banks and credit unions, today announced a strategic partnership with Bud Financial, a pioneer in financial data intelligence. The collaboration makes it dramatically easier for financial institutions to access Bud’s market-leading enrichment, segmentation, and engagement tools by leveraging PortX’s deep connectivity into core banking systems. Through this partnership, Bud and PortX have already begun working with a U.S. super regional bank, showcasing the value of seamless access to various core processing systems combined with value-adding transaction enrichment and customer insights. “One of the biggest challenges for financial institutions is often finding resources and navigating complexity to integrate between existing core systems and new platforms such as Bud.” said Michael Cullum, CTO at Bud. “Our partnership with PortX removes that barrier with direct connectivity to all major banking core systems. That means that any bank or credit union can activate Bud’s full suite of data intelligence products with minimal effort, turning transaction data into actionable insights that drive customer engagement and financial well-being.” PortX is the AI-powered integration platform that delivers open, real-time access to core and fintech data and accelerates the adoption of innovative financial products through its Integration-Platform-as-a-Service (iPaaS). By combining PortX’s data orchestration with Bud’s enrichment and customer intelligence capabilities, financial institutions can rapidly deliver personalized experiences and gain a complete understanding of customer finances without complex development work. “Open, real-time access to data is the foundation for every innovation in financial services,” said David Wexler, CEO at PortX. “Bud Financial’s personalized banking models are a big boost to the data connectivity and integration work we do for our customers. By partnering with Bud, we’re not just simplifying connectivity—we’re enabling banks and credit unions to use their data more intelligently to make better decisions, unlock a 360-degree view of their customers, and deliver personalized services faster than ever before.” The benefits of the partnership are clear:
Seamless scalability: Any PortX client can access Bud’s enrichment, segmentation, and engagement capabilities with ease.
Faster time to value: PortX’s data integration framework allows Bud to connect easily to core banking systems, eliminating lengthy development cycles.
Future-ready flexibility: The partnership combines Bud’s intelligence layer with PortX’s data management and orchestration framework, providing financial institutions with the flexibility to adopt data-driven tools while maintaining full control over their data strategy.
With Bud’s intelligence layer, powered by its market-leading transaction enrichment, and PortX’s infrastructure unlocking access to core data, banks and credit unions of all sizes can now deploy cutting-edge customer engagement strategies faster than ever before, regardless of which core provider they use.
About Bud
Bud Financial (“Bud”) enriches financial data, identifying the likes of merchant, category, location and regularity of transactions, to provide actionable insights and readable inputs for LLMs in the financial services industry. Scaling rapidly, Bud has been a trailblazer in its use of AI since 2015. The company has enabled banks and fintechs worldwide to get customer context from their transaction data so they can personalize the banking experience, proactively manage risk and optimize their business operations. With tens of billions of transactions processed, Bud’s market-leading transactional enrichment, categorization and analysis helps financial institutions to become intelligent enterprises, fully harnessing their customer data and finding new, data-driven opportunities to grow. More at: thisisbud.com
About PortX
PortX, powered by PiXi AI, is the only AI-powered integration and data solution purpose-built for banks and credit unions. Its platform unifies core, fintech, application, data, and payments connectivity in one secure, scalable hub. With Integration Manager, Payment Manager, and Data Manager, financial institutions can adopt fintechs faster, publish trusted “blessed” data across the enterprise, and deliver real-time insights. PortX gives institutions the confidence, agility, and speed to compete with the largest banks at a fraction of the cost. PortX is trusted by financial institutions nationwide to modernize systems, accelerate growth, and achieve Customer360 outcomes. Learn more at portxiodev.wpenginepowered.com. More at: portx.io
Media contacts
Bud Financial: Emma Corfixen Marketing Manager press@thisisbud.com
PortX: Brad Allen PR@portx.io
Marketplace availability enables financial institutions to streamline API development, accelerate their open banking initiatives, and simplify access to innovative integration solutions. SEATTLE, WA. Mar. 18, 2025 – PortX, a leading financial infrastructure and integration technology company that provides open access to the core and drives innovation for financial institutions with its integration-platform-as-a-service, today announced that Integration Manager is now available on AWS Marketplace. This strategic move simplifies access to PortX’s powerful integration platform, empowering banks and credit unions to streamline their API development, accelerate digital transformation, and reduce the complexity of integration projects. AWS Marketplace provides customers with a curated digital catalog of software solutions that can be easily found, tested, purchased, and deployed on the cloud. By offering Integration Manager on AWS Marketplace, PortX expands its reach to financial institutions leveraging AWS for scalability, security, and innovation. “Joining AWS Marketplace marks a significant milestone for PortX and our customers,” said David Wexler, CEO of PortX. “The availability of Integration Manager on AWS Marketplace dramatically simplifies the procurement process for banks and credit unions, accelerates their time-to-value, and aligns with our mission of making integration easy in financial services.”
Key Benefits of Integration Manager on AWS Marketplace:
Accelerated Innovation: Enable rapid design, deployment, and management of custom APIs, breaking free from the limitations of traditional integration solutions.
Streamlined Purchasing: AWS customers can now evaluate, acquire, and manage Integration Manager directly through AWS Marketplace and use their AWS spend credits to simplify the process.
Seamless Scalability: Integration Manager leverages AWS’s robust infrastructure, providing financial institutions with a reliable, scalable, and secure integration platform.
Driving Open Banking in Financial Services
Integration Manager empowers financial institutions to connect with fintechs, launch projects faster, and eliminate vendor dependencies. By supporting open banking initiatives, Integration Manager allows banks and credit unions to unlock the full potential of their core data, creating a more connected and innovative financial ecosystem. PortX’s participation in AWS Marketplace underscores its commitment to delivering best-of-breed solutions tailored to the unique needs of banks and credit unions. For more information about Integration Manager and how it can transform your financial institution’s integration strategy, visit the AWS Marketplace or contact PortX at hello@portx.io.
– VIP enables PortX to integrate with SilverLake System® and Symitar® –
SEATTLE, WA. Oct. 23, 2024. PortX, a leading financial infrastructure and integration technology company that provides open access to the core and drives innovation for financial institutions with its integration-platform-as-a-service (iPaaS), Fintech Hub, today announced that it has joined the Jack Henry™ Vendor Integration Program (VIP). Participation in the program will provide PortX with access to Jack Henry’s technical resources to enable Fintech Hub to integrate with SilverLake® System and Symitar®. The Vendor Integration Program is designed to help ensure that Jack Henry’s customers can easily deploy third-party products.
Fintech Hub integrates with SilverLake System via jXchange™ and Symitar through SymXchange™, both service-based programming interfaces that enable third-party vendors, banks, and credit unions to access the platform’s core data and business rules. The integrity of data is maintained throughout any data exchange because access to business rules and data is managed through a service layer that governs these interactions.
With VIP membership, Fintech Hub will empower Jack Henry customers to maximize their investments in API-led connectivity and open banking initiatives by providing streamlined, reusable infrastructure that allows effortless integration with external fintech applications, accelerates innovation, and delivers exceptional user experiences while reducing complexity. Fintech Hub offers banks and credit unions pre-built connectors that simplify third-party fintech integrations, reducing costs and time-to-market. By leveraging PortX’s reliable integration platform, financial institutions can minimize vendor management, cut operational costs, and bring fintech solutions to market faster, ensuring they remain competitive in today’s rapidly evolving financial marketplace.
“We are excited to collaborate with Jack Henry to help solve the integration challenges our joint clients face,” said David Wexler, CEO of PortX. “Jack Henry’s investment in the openness of their SilverLake System and Symitar cores is a huge step forward. By bringing together jXchange and SymXchange with the PortX integration platform, we can empower banks and credit unions to fully maximize their investments in API infrastructure, open banking, and fintech initiatives, helping them drive innovation and deliver better services to their accountholders.”
Jack Henry’s VIP takes the customer out of the middle, providing vendors with direct access to Jack Henry’s technical resources and test systems. VIP inclusion is not an endorsement of the vendor’s product.
About Jack Henry & Associates, Inc.®
Jack Henry™ (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For more than 48 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,500 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at jackhenry.com.
About PortX
PortX’s Fintech Hub is the Integration-Platform-as-a-Service focused on financial services infrastructure that allows open access to core data and simplifies integrations to third-party applications like fintechs. Access to data and the freedom to connect with partners enables rapid project delivery, agile innovation cycles, and optimal user experiences. PortX facilitates interoperability between internal systems and services such as online banking, credit checks, mortgage and loan applications, and more, allowing for a real-time 360-degree view of account holder data. Financial institutions can empower their teams to connect to fintech partners and real-time payment networks like Zelle®, ACH, FedNow, and others. For more information, please visit portx.io and connect on LinkedIn.
Media Contact:
Brad Allen
PR@portx.io
SEATTLE, WA. Sep. 04, 2024—PortX, a leading financial infrastructure and integration technology company that provides open access to the core and drives innovation for financial institutions with its Integration-Platform-as-a-Service (IPaaS), announces the launch of Fintech Hub on AppMarket from Fiserv.
PortX is on AppMarket from Fiserv.
Fintech Hub is now available as a pre-integrated app on AppMarket, a marketplace that gives Fiserv clients rapid access to top fintech solutions, helping them attract new customers, boost efficiency, and increase competitiveness.
Additionally, PortX will play a key role in facilitating new fintech onboarding to Fiserv’s AppMarket, providing FIs with an increasing number of options for innovative partnerships.
Simplifying and accelerating real-time access to Premier®.
The partnership will streamline fintech integrations with the Premier bank platform from Fiserv. As a pre-integrated App on AppMarket, PortX Fintech Hub enables Fiserv clients to easily leverage their data through cost-effective, reliable, and reusable API-led connectivity between their Premier core, Communicator Open, and any third-party system. This allows financial institutions to maximize the value of Communicator Open.
Reducing costs with a faster, more efficient integration model.
PortX’s Connectivity-as-a-Service model enables financial institutions to integrate third-party systems more quickly and at a lower cost. By leveraging PortX’s pre-built connectors to Communicator Open, Fiserv clients can streamline third-party fintech connections with their Premier core while reducing vendor management requirements. This model ensures seamless integration, accelerates time to market, and significantly cuts down operational costs, making it an efficient and cost-effective solution.
“We’re excited to support Fiserv’s global vision for open banking through its Communicator Open initiative and helping banks and credit unions access best-of-breed fintechs in the market,” said David Wexler, CEO of PortX. “This collaboration highlights Fiserv’s innovative approach to serving its customers by maximizing the value of its product and proactively helping them to reduce costs.”
“Having PortX Fintech Hub on AppMarket allows us to provide our clients with fast and cost-effective integration to a wide range of fintech solutions,” said Niranjan Ramaswamy. “PortX will help streamline the integration process for our FIs and rapidly accelerate their ability to build innovative service offerings through our partners, setting a new standard for technology infrastructure. As a result, we’re confident that this collaboration will empower our FIs to stay ahead of their competition by harnessing the free flow of customer data between all of their connected fintechs.”
ABOUT PORTX
PortX is the Integration-Platform-as-a-Service focused on financial services infrastructure that allows open access to core data and simplifies integrations to third-party applications like fintechs. Access to data and the freedom to connect with partners enables rapid project delivery, agile innovation cycles, and optimal customer experiences for financial institutions. Our solutions facilitate interoperability between internal systems and member services such as online banking, credit checks, mortgage and loan applications, and more, allowing for a real-time 360-degree view of the customer. We help financial institutions empower their teams to connect to fintech partners and real-time payment networks like Zelle®, ACH, FedNow, and others. For more information, please visit portx.io and connect on LinkedIn.
ABOUT FISERV
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and has been recognized as one of Fortune® World’s Most Admired Companies™ for 9 of the last 10 years. Visit fiserv.com and follow us on social media for more information and the latest company news.
Media Contact:
Brad Allen
PR@portx.io
SEATTLE, WA, April 2, 2024 — PortX, a leading provider of integration technology for financial institutions known for its pioneering Integration-Platform-as-a-Service (IPaaS), today announced a strategic partnership with eXate, a forefront innovator in data privacy and protection solutions. This groundbreaking collaboration aims to bolster financial data security and regulatory compliance across the banking sector, with a special emphasis on enhancing data protection for financial institutions’ increasingly complex data ecosystems.
Through this partnership, PortX will integrate eXate’s Data Protection Platform into its robust IPaaS solution, offering financial institutions a powerful toolset for comprehensive data security and compliance management. This collaboration addresses the pressing need for enhanced data protection in the financial industry, enabling institutions to securely manage sensitive information while adhering to global data protection regulations.
The eXate platform sits at the intersection of data privacy, data protection, data residency, and fine-grained access controls, protecting data at rest, data in motion, and data in use. Its innovative technology implements and applies data privacy by default, helping organizations access their data faster, while reducing the risk of leakage, misuse, and non-compliance. By enforcing data protection effectively, eXate ensures that financial institutions can maintain the highest standards of data security and compliance.
“Partnering with eXate aligns with our mission at PortX to deliver secure, innovative solutions that drive efficiency and compliance in the financial sector,” said David Wexler, CEO of PortX. “eXate’s unparalleled expertise in data protection and their comprehensive platform will enable our clients to navigate the complexities of data security with ease, ensuring that sensitive information is always protected and regulatory requirements are seamlessly met.”
The eXate Data Protection Platform enhances PortX’s IPaaS solution by targeting common data distribution and ingestion points for a fast, cost-effective implementation. This integration allows financial institutions to capture policies, automatically classify data, and implement robust protection measures efficiently.
“We are thrilled to announce our partnership with PortX, leveraging our advanced data protection platform to create a secure and compliant financial ecosystem” stated Peter Lancos, CEO and Co-Founder of eXate. “With more than 2/3rd of the world’s population being covered under data protection regulation, the demand for data privacy by consumers is at an all-time high and this collaboration signifies a significant milestone in advancing organisations to stay on top of current data privacy demands.”
ABOUT PORTX
PortX is an integration technology company focused on financial services infrastructure that delivers open access to core data and enables rapid project delivery, innovation, and optimal customer experiences. Our solutions facilitate interoperability between internal systems and member services such as online banking, credit checks, mortgage and loan applications, and more, allowing for a real-time 360-degree view of the customer. We help financial institutions empower their teams to connect to fintech partners and real-time payment networks like Zelle®, ACH, Fedwire, Mojaloop, and others. For more information, please visit portx.io and connect on LinkedIn.
ABOUT EXATE
eXate is a distributed software platform for enforcing data privacy, data protection, and dynamic Attribute Based Access Control (ABAC) by embedding centralised controls in common data ingestion and distribution points. With fine-grained access controls, and the ability to apply the Principles of Least Privilege, eXate can automatically enforce data policies and control the flow of sensitive data within a firm and across geographic borders. For more information, please visit exate.com and connect on LinkedIn.
Media Contact:
Brad Allen
PR@portx.io
SEATTLE, WA, Feb. 29, 2024 — PortX, a leading integration technology company offering financial institutions (FIs) rapid innovation with open access to core data via its Integration-Platform-as-a-Service (IPaaS), announced a new partnership with LendAPI, an innovative provider of digital lending solutions.
Through this partnership, PortX integrates LendAPI’s advanced digital lending platform with its IPaaS solution, enabling FIs to streamline their loan origination and account opening processes. LendAPI’s platform, renowned for its multi-tenant and highly configurable design, complements PortX’s mission to unlock open access to data and accelerate product innovation for FIs.
LendAPI distinguishes itself with a highly adaptable platform that offers real-time custom credit scoring and variable setting capabilities for tenants. This feature empowers FIs to tailor their lending criteria more precisely to their risk appetite and market needs. Furthermore, LendAPI’s commitment to innovation is evident in its support for A/B testing and optimization strategies, allowing tenants to continuously refine and test new rules and strategies to enhance performance.
The integration between PortX and LendAPI is designed to be seamless, thanks to LendAPI’s comprehensive API endpoints that ensure smooth integration with banks’ and lenders’ existing infrastructures. This collaboration ensures that FIs can effortlessly adopt and implement LendAPI’s advanced features, such as rule setting and shadow scoring, providing them with complete control over their decision-making processes.
“Joining forces with PortX represents a transformative step for the digital lending sector,” Timothy Li, CEO of LendAPI. “Our advanced platform, when combined with PortX’s integration prowess, will enable financial institutions to not only simplify their lending and account opening processes but also to adopt more sophisticated, data-driven decision-making strategies. This partnership is about setting new standards in the industry and delivering unparalleled value to our clients.”
“LendAPI is the kind of partner we get really excited about. They exemplify the kind of nimble, modern platform that banks and credit unions need to keep pace in their industry,” said David Wexler, CEO of PortX. “Integrating LendAPI’s capabilities with our integration platform marks a step forward in our journey to empower FIs with the tools they need to boost revenue growth, exceed customer expectations, and sustain a competitive advantage in the market.”
ABOUT PORTX
PortX is an integration technology company focused on financial services infrastructure that delivers open access to core data and enables rapid project delivery, innovation, and optimal customer experiences. Our solutions facilitate interoperability between internal systems and member services such as online banking, credit checks, mortgage and loan applications, and more, allowing for a real-time 360-degree view of the customer. We help financial institutions empower their teams to connect to fintech partners and real-time payment networks like Zelle®, ACH, Fedwire, Mojaloop, and others. For more information, please visit www.portx.io and connect on LinkedIn.
ABOUT LENDAPI
LendAPI is a no-code digital originations platform with a fully customizable product builder, visual decision engine and a workflow orchestration platform designed for banks and financial services to launch their products quickly at a fraction of the cost of traditional onboarding platforms. For more information, please visit lendapi.com and connect on LinkedIn.
SEATTLE, WA, Feb. 6, 2024 — PortX, the leading integration technology company for financial institutions, delivering open access to data and enabling rapid innovation through its Integration-Platform-as-a-Service (IPaaS), announced a new partnership with Hummingbird, the premier provider of compliance platforms for anti-money laundering and financial crime investigations.
This strategic alliance aims to significantly ease the process for financial institutions (FIs) to leverage Hummingbird’s robust compliance platform. Hummingbird combines customer knowledge, case management, investigations, and regulatory reporting into a single solution, making it as efficient as possible for investigators to drive greater productivity and growth from compliance programs.
“We are excited to add Hummingbird to our rapidly growing network of connected fintechs,” said David Wexler, CEO of PortX. “With this partnership, any flags in the system for suspicious activities can be automatically pushed to Hummingbird. This not only streamlines the process but also drastically reduces response times. It enhances the ability of FIs to promptly address and get ahead of potential issues, improving their overall risk management and compliance posture significantly.”
“Our mission at Hummingbird is simple – fight financial crime,” said Joe Robinson, CEO of Hummingbird. “By partnering with PortX, we’re able to bring top-tier data integration capabilities directly to our compliance investigations platform. It’s a partnership that allows us to provide financial institutions with the most modern, nimble, and powerful compliance tools on the market – exactly what you need if you’re working to combat financial crime more effectively.”
ABOUT PORTX
PortX is an integration technology company focused on financial services infrastructure that delivers open access to core data and enables rapid project delivery, innovation, and optimal customer experiences. Our solutions facilitate interoperability between internal systems and member services such as online banking, credit checks, mortgage and loan applications, and more, allowing for a real-time 360-degree view of the customer. We help financial institutions empower their teams to connect to fintech partners and real-time payment networks like Zelle®, ACH, Fedwire, Mojaloop, and others. For more information, please visit www.portx.io and connect on LinkedIn.
ABOUT HUMMINGBIRD
Hummingbird is a compliance platform that’s reimagining what’s possible from financial crime investigations. Designed to streamline anti-money laundering, fraud, customer due diligence, and other compliance workflows, Hummingbird allows financial institutions to drive efficiency – without sacrificing accuracy or compromising on risk. A mission-based company, Hummingbird is here to help fight financial crime. Today’s criminals are sophisticated, tech-savvy, and agile. The tools used to fight them should be too. To learn more, visit hummingbird.co or follow us on LinkedIn.
SEATTLE, WA. Jan. 10, 2024. PortX, the leading financial infrastructure and integration technology company that provides open access to data and drives innovation for financial institutions with its Integration-Platform-as-a-Service (IPaaS), announced a strategic partnership with Plaid, the data network powering the digital financial ecosystem. This collaboration combines the power of PortX’s digital core banking integration experience with Plaid’s industry-leading capabilities for connecting data between applications and bank accounts.
Seamless Banking and Enhanced Data Analysis
The alliance between Plaid and PortX marks a pivotal moment in the financial technology sector, combining the expertise of two industry leaders to revolutionize how financial institutions harness data for innovative products and services. For customers of PortX, which operates as both a systems integrator and middleware provider, the partnership significantly enhances their ability to scale up secure and efficient financial data sharing by minimizing the technical effort and resource allocation typically required for such an expansive task. This leads to a more comprehensive and holistic view of customer data, enabling these institutions to offer highly personalized services and gain deeper financial insights with greater ease.
“Digital finance is here to stay, in fact, 85% of consumers say they have benefited from using technology to manage their finances. It’s imperative that financial institutions embrace technology the same way their customers have – to maintain account primacy and prepare for the codification of open banking in the US”, said Tamara Romanek, Head of Partnerships at Plaid. “Partners like PortX transform banking infrastructure for financial institutions, aiding them in digital transformation and enabling rapid innovation. Together we are enhancing the digital infrastructure and optionality for financial institutions and their customers.”
Expanding API Capabilities and Facilitating Open Banking
The partnership is poised to expand the horizons of API capabilities in financial services significantly. It sets the stage for more active participation in open banking initiatives, where financial data is shared securely through APIs. PortX’s command over API orchestration and financial services integration, alongside Plaid’s storied expertise in secure data connectivity and Core Exchange, its FDX-aligned API, empowers financial institutions to be at the forefront of the open banking revolution. This capability is critical for offering advanced and personalized digital banking and embedded banking services.
“Our partnership with Plaid is the type of innovative collaboration that can propel the financial services industry into a new era of digital transformation and customer-centric solutions,“ said David Wexler, CEO of PortX. “This partnership represents a significant stride towards a future where financial management is more accessible, efficient, and aligned with the evolving needs of both FIs and their customers.”
ABOUT PORTX
PortX is an integration technology company focused on financial services infrastructure that delivers open access to core data and enables rapid project delivery, innovation, and optimal customer experiences. Our solutions facilitate interoperability between internal systems and member services such as online banking, credit checks, mortgage and loan applications, and more, allowing for a real-time 360-degree view of the customer. We help financial institutions empower their teams to connect to fintech partners and real-time payment networks like Zelle®, ACH, Fedwire, Mojaloop, and others. For more information, please visit portx.io and connect on LinkedIn.
SEATTLE, WA. Oct. 4, 2023—PortX, the premier provider of financial infrastructure and integration technology, has announced a strategic partnership with Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for financial institutions. This partnership highlights PortX’s commitment to delivering innovative financial integration solutions via its Integration-Platform-as-a-Service (IPaaS) and Abrigo’s continuing innovation of their Loan Origination Platform.
This partnership will allow users to board back to the core using the PortX software, speeding up the lending process and increasing secure data management. Ultimately, this partnership strengthens FIs’ capacity to efficiently control the loan origination process while offering consumers a secure banking experience.
“FIs need innovative, secure, and compliant banking solutions to stay competitive,” said David Wexler, CEO of PortX. “Abrigo is an industry leader in lending and risk management, and by integrating Abrigo solutions with our platform, we can help our FI customers navigate the challenges of meeting varying customer demands with limited IT resources to deliver a tailored risk management experience and strengthen customer relationships.”
“By leveraging this software, financial institutions can provide their customers with the funds they need faster while ensuring they have controls in place for proper data management,” said Nolan Gesher, Senior Vice President of Sales Enablement at Abrigo. “We are very pleased to partner with PortX to advance our mission to help communities thrive.”
ABOUT PORTX
PortX is an integration technology company focused on financial services infrastructure that delivers open access to core data and enables rapid project delivery, innovation, and optimal customer experiences. Our solutions facilitate interoperability between internal systems and member services such as online banking, credit checks, mortgage and loan applications, and more, allowing for a real-time 360-degree view of the customer. We help financial institutions empower their teams to connect to fintech partners and real-time payment networks like Zelle®, ACH, Fedwire, Mojaloop, and others. For more information, please visit portx.io.
ABOUT ABRIGO
Abrigo is a leading provider of credit risk, lending, and asset/liability management solutions and services that help financial institutions thrive. Abrigo accelerates growth, increases client efficiency, and improves customer experience with an easy-to-use and expansive platform. We ensure customer success with our award-winning client service team, advisory expertise, and innovative technology. With a network of 2,400+ Financial Institutions, Abrigo offers unique opportunities for insightful peer benchmarks and best practices. Visit abrigo.com to learn more.
