News

NCR, MX solution helps consumers manage money, FIs maximize data

September 7, 2016

NCR Corp., a provider of omnichannel solutions, has partnered with data specialist MX to launch NCR Money Management. The new platform was designed to give consumers an intuitive interface for managing and improving their financial lives, according to an NCR press release.

NCR Money Management combines digital banking capabilities from Digital Insight, an NCR company, and user experience intelligence from MX to offer account holders practical financial data to help with day-to-day spending decisions, budgeting, and financial planning.

For the financial institution, the platform delivers cleansed and categorized transaction data that makes spending behavior easy to interpret, along with multisource aggregation. The FI can analyze this nonsensitive primary and aggregated account data to present more targeted and relevant offers to their end customers, the press release said.

"Joining forces with MX's industry-leading solution builds on our commitment to support financial institutions on their growth goals," said Jose Resendiz, a Vice President amd General Manager, NCR. "We're excited to bring our customers a solution that assists consumers in making smarter financial decisions and enriches the relationship that financial institutions have with their customers."

NCR Money Management will launch as a pilot in fall 2016, and will be widely available in 2017. Initially, the partnership will transition 471 financial institutions and 3.5 million users to NCR Money Management.

"We're honored to be working with NCR as we deliver a money management experience that is second to none. Being an advocate for your account holders and helping them gain control of their financial lives is the key to deepening your relationship with them, something NCR Money Management takes to heart," said Ryan Caldwell, CEO of MX. "We look forward to innovating together for many years to come."