May 28, 2019
CHARLOTTE, NC—May 28, 2019: Levvel has announced its membership in the Financial Data Exchange (FDX), a non-profit group formed to establish information sharing and security standards for the financial sector. Levvel brings seasoned industry professionals with experience in multiple facets of the financial industry, including open banking strategy, technical architecture, API security, and development.
Levvel joined FDX to be a part of shaping the future of banking and payments. The FDX API standards will help drive adoption of open banking concepts with financial institutions and the third-party partnerships that help drive innovation in the industry today. These standards will set the stage for accessibility, security, transparency, and customer experience across the payments industry and beyond.
“FDX is about bringing the best ideas from across the financial industry to bear on the long overdue task of creating a single standard for consumer control of financial data,” said Don Cardinal, FDX managing director. “The more industry–and consumer–voices we add to this discussion, the more successful we will be.”
Levvel aligns with this view, and Global Payments Lead, Scott Harkey, elaborated, “Levvel believes in the importance of this cooperative effort, and understands the impact it will have both short and long term for the financial industry. We feel our work with both the providers of financial data and the fintechs consuming it provides us with a unique point of view that we can contribute to the effort. We felt compelled to help drive this initiative forward, resulting in the betterment of the industry overall.”
The FDX API will supply frameworks on which financial institutions can build open banking platforms. Fintech and third-party applications will be able to more easily partner with financial institutions to meet customer demands. Customers will also benefit from the thoughtful approach to security, experience, and implementation that puts them in control of their data. This standard will change the industry by creating a sustainable approach supporting development, innovation, and collaboration well into the future.
Levvel helps clients transform their business with strategic consulting and technical execution services. We work with IT organizations, product owners, and innovation teams to design and deliver on business priorities. We have extensive expertise in application development, DevOps, financial services & payments, retail banking, cloud technology, product innovation & design, and digital media. Our consultants are industry veterans with wide business-domain knowledge and a specific focus on financial services, insurance, digital media, and healthcare.
Financial Data Exchange (FDX) is a non-profit financial industry organization dedicated to promoting and enhancing a common interoperable standard for securely sharing consumer financial data. Open to financial institutions, fintech companies and other industry participants, FDX puts consumers in control of their personal financial data and facilitates the development, growth and industry-wide adoption of the FDX API’s operating framework. FDX is a subsidiary of FS-ISAC. For more information and to join, visit www.financialdataexchange.org/
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