DULUTH, Ga. –NCR said it is partnering with MX to launch NCR Money Management, a data-driven money management platform that will provide consumers with an intuitive interface for managing and improving their financial lives.
The company said the NCR Money Management combines digital banking expertise from Digital Insight, a unit of NCR, with MX’s award-winning user experience (UX), providing account holders with practical financial data to aide in managing day-to-day spending decisions, budgeting, and financial planning. Together with MX, NCR Money Management delivers cleansed and categorized transaction data that makes spending behavior easy to interpret, along with reliable, redundant multi-source aggregation that paints a comprehensive financial picture, according to the company.
“Financial institutions will then be able to analyze the non-sensitive primary and aggregated account data to present more targeted and relevant offers to their end customers,” NCR said.
Joining forces with MX’s industry-leading solution builds on our commitment to support financial institutions on their growth goals,” said Jose Resendiz, Vice President & General Manager, NCR, in a statement. “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 said its partnership with MX, which began in April 2016, is driven by financial institutions’ desire to better meet consumers’ digital expectations and improve customer retention – a fundamental change seen in the financial industry in recent years. NCR Money Management will launch as a pilot in fall 2016, and will be widely available in 2017.
The partnership will initially transition 471 financial institutions and 3.5 million users to NCR Money Management, with the opportunity for many more forward-thinking institutions to follow, the company said.