PORTLAND, Ore., Nov. 10, 2016 /PRNewswire/ -- Tyfone, the leading provider of secure digital banking solutions, announced today that it has partnered with MX to bring unified financial data and intuitive money management tools to Tyfone's award-winning suite of secure digital banking solutions, which include mobile and online banking, bill pay, P2P payments and other key digital banking functions. MX will supply industry leading cleansing, categorization and classification capabilities, easily distinguishing transactions by merchant, spending category and type (bill pay, ACH, POS, direct deposit). Financial institutions using Tyfone's secure digital banking solutions, which include some of the largest credit unions in the country, will also benefit from MX's award-winning user interface and redundant, reliable, multi-source aggregation enabling users to obtain a full view of their accounts and better manage their finances.
"The ability to visualize your finances, gain newfound insights and better manage your money on the go are capabilities that users find increasingly useful," said Dan Rawlings, Chief Revenue Officer of Tyfone. "Tyfone provides the most secure digital banking solutions available in the market and MX's robust security protocols exceed industry benchmarks and fit perfectly within our solution portfolio. MX is widely regarded as the top money management solution and our combined best-in-class offering will help financial institutions deliver functionally rich and secure solutions across their digital channels."
The partnership will provide Tyfone clients with access to MX's Insight and Target, pairing intelligent analytics with targeted offers. As institutions identify held away mortgages, credit cards and auto loans, they can offer users superior financial products and win more of their business. Unified financial data not only puts money back in the user's pocket but also enables financial institutions to generate new revenue.
"Aggregated data can generate insights that benefit the user and financial institution alike — users who switch to lower interest rate products, save more as a result and deepen the relationship with their institution," said MX Founder and CEO Ryan Caldwell. "We couldn't be more excited to partner with Tyfone as they deliver secure multichannel digital banking solutions that prioritize this kind of intelligence."
One of only two firms to be named a Top 10 Mobile Banking Solution Provider by Banking CIO Outlook for the past two years running, Tyfone is a recognized innovator whose secure digital banking suite consists of mobile and online banking, bill pay, P2P payments, secure tokenization and a digital security platform for identity and transactions. The company was granted 43 patents in FY 2016 spanning cybersecurity, mobility, secure digital banking, payments, wearables and secure IoT (Internet of Things). MX recently became the first six-time Best of Show winner at Finovate, a demo-based conference aimed at helping financial services brands identify the most innovative financial technology companies.
"This partnership lies at the intersection of data and security expertise," said Rawlings. "We look forward to continually bringing innovation to the financial services industry and working with MX as a strategic partner for many years to come."
Tyfone is a leading provider of digital security solutions for identity and transactions. Tyfone solutions bring both security and convenience in the hyper-connected digital world of cloud, mobility and IoT (Internet of Things), where legacy security methods have proven to be ineffective. Protected by over 130 issued and pending patents, the company's secure solutions serve key industries such as financial services (including two of the Top 10 credit unions), converged security for enterprises, critical infrastructure, and the US Government. The company is headquartered in Portland, Oregon and also has operations in Bangalore, India.
For more information about Tyfone visit https://tyfone.com.
MX is the world leader in unified financial data, enabling financial institutions and fintech providers to collect, refine, and present actionable data that empowers the world to become financially strong.
Founded in 2010, MX is the fastest growing fintech provider, partnering with more than 1,000 financial institutions and 35 digital banking providers.
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