Careers Contact Login PRODUCTS INDUSTRIES SERVICES NEWS ABOUT Home / News / Announcement Smart Solution joins Financial Data Exchange, furthering our commitment to data-sharing standardization Smart Solution is excited to announce that it has joined Financial Data Exchange (FDX), a non-profit organization dedicated to unifying the financial industry around a common, interoperable, and royalty-free standard for the secure access of user permissioned financial data. FDX’s work aligns with the execution of Smart Solution’s vision of embracing a modern and secure API-based approach to data sharing and we are looking forward to joining forces with leading financial institutions and financial technology providers. As a member, Smart Solution will join FDX’s almost 200 members and provide expertise in enabling secure financial data-sharing through our API integration platform, as well as a commitment to promote secure industry standards on data exchange and integration. “With our Universa Digital Banking Platform we are essentially an enabler and integrator for our FI clients globally, especially when it comes to payments and digital banking technology. Our clients entrust us with protecting and managing their financial data and with that we have a responsibility to contribute to the advancement of data security, which is why we joined FDX. At Smart Solution, we believe in the FDX’s vision that standardized APIs will open the path for consumers to have more control, choice and security with their data,” says Iean Tait, CEO and President of Smart Solution. FDX exists chiefly to promote, enhance and seek broad adoption of the FDX API technical standard internationally and is dedicated to five core principles of user permissioned data sharing: Control, Access, Transparency, Traceability and Security. FDX’s global membership includes financial institutions, fintechs, payment networks, consumer groups and financial industry groups. As a member, Smart Solution will be engaged in FDX working groups and task forces to help define and drive adoption of the FDX API technical standard forward. “We are excited that Smart Solution has joined FDX. Along with our existing members, Smart Solution’s experience in various global regions will help FDX better understand and represent the needs of regional banks and credit unions in the FDX API specifications and standards,” said Don Cardinal, Managing Director of FDX. Smart Solution views membership in FDX as a critical step to represent the voice of the Canadian credit union system and to continue to protect and serve consumers’ needs in data sharing, especially with increased complexity coming from open banking, payments modernization and cybercrime. As credit unions in Canada and other markets we serve continue their road to digital transformation to better serve their members, Smart Solution will continue to seek solutions and partnerships that provide our clients with a flexible and innovative digital ecosystem, backed by standards-based systems integration and a multi-layer secure environment. For more information about Financial Data Exchange, visit https://financialdataexchange.org/ Back to News COMPANY Home About Us Industries Services News PRODUCTS Universa Suite Add-Ons Partners RESOURCES Client Login Careers Contact Us Privacy Policy © 2021 .st0{fill:#FFFFFF;} By using this website you agree to our cookie policy.