The partnership will provide credit unions with industry-leading financial data solutions, insights, and actionable tools while encouraging their members to be financially strong.
FREMONT, CA: Many obstacles to digital transformation got removed as a wake of the epidemic, and banks and other traditional financial companies are collaborating with FinTech start-ups to acquire new clients and interact with existing customers across new platforms. To stay relevant and efficiently introduce new services, banks will need to discover methods to seamlessly combine operations and data as they partner with creative entrepreneurs.
The financial data platform and contemporary connection pioneer, MX collaborated with Mahalo Technologies, an online and mobile banking solutions supplier for credit unions.
Through deep integrations into core banking – via Mahalo – and data enhancement – via MX – the two companies will provide financial institutions with an elite, seamless experience from the two companies' combined technology platforms, allowing for actionable insights to drive growth and member engagement.
"Our commitment to aid in transforming the digital experience for all financial institutions made it an easy decision to partner with Mahalo," said Don Parker, Executive Vice President of Partnerships, MX. "We have shared resources, a referral partner agreement, and an integration between MX and Mahalo that will allow mutual clients to be more competitive with the use of technology and enhance the financial wellbeing and engagement of their members."
PrimeWay Federal Credit Union, formed in 1937 and has eight offices in the Houston region, will be MX and Mahalo's, first joint client.
"With the Mahalo team having over 50 years of combined experience working for credit unions, we were impressed with the MX financial data platform. It's robust features fit well with the information credit unions want to share with and give their members access to," said Denny Howell, COO, Mahalo Banking. "It was only natural to forge this partnership to continue to bring an enhanced and even stronger combined solution to our mutual partner credit unions."