Railz has recently joined the Financial Data Exchange’s (FDX) consortium of members operating in the United States and Canada! FDX’s members consist of notable names in the financial data ecosystem that are dedicated to unifying the financial industry around common technical standards for financial data sharing so that consumers and businesses can leverage their own financial data to make informed financial decisions.
Railz joins Financial Data Exchange (FDX)
What is the Financial Data Exchange (FDX)?
The Financial Data Exchange (FDX) is an independent subsidiary under the umbrella of the Financial Services Information Sharing and Analysis Center (FS-ISAC). FDX is a nonprofit organization dedicated to unifying the financial industry around a common, interoperable, and royalty-free standard for the secure access of user permissioned financial data. To achieve this, Financial Data Exchange has created the aptly named FDX API.
The Financial Data Exchange has an international membership. Their members span financial institutions, financial data aggregators, financial technology companies, payment networks, consumer groups, financial industry groups and utilities and other permissioned parties in the user permissioned financial data ecosystem — and now Railz!
FDX is committed to five core principles for data sharing:
Railz is a member of the FDX for Canada and the US
We are joining FDX in unifying the financial industry and providing secure access to financial data. Our API offers financial data through accounting service providers (ASPs), such as Quickbooks, Sage, Intacct, Intuit, Citadel payroll data provider, MS dynamics, NetSuite, and so much more.
How to get involved in FDX if you’re on a mission to share:
If you’re a financial data or technology company aimed at providing consumers and businesses safe and easy access to financial data, then apply to be a member of the Consortium! There are different membership types depending on your company. Members have the opportunity to join their exclusive Slack channel, meet other data-focused companies, and share what your company is trying to achieve in terms of access to data. We’re proud to have Railz participate in so many poignant financial associations and nonprofits.
We're building the largest financial data network to empower financial institutions make sense of messy accounting data.