MX announced the first annual Banking Transformation Week will take place March 24-26, 2020. Banking Transformation Week is a 3-day online event, featuring more than 20 speakers, created exclusively for leaders on the cutting edge of disruption in banking, finance, and fintech.
MX data shows that mobile banking engagement increased by more than 50 percent since December and the amount that consumers are putting toward paying off their credit cards decreased by more than 25 percent in the last two weeks, as consumers look to safeguard finances and increase emergency funds.
MX, the leading digital transformation platform for banks, credit unions, and fintechs, announced the launch of a new Small Business Administration (SBA) Payment Protection Program (PPP) loan application process and portal for banks and credit unions.
To increase engagement and awareness of its digital money management services, Affinity implemented MX widgets in more prominent locations on the Affinity online dashboard. The credit union saw an 11 percent increase in users and external accounts within the first three months.