NCR Corporation in partnership with fintech firm MX has launched NCR Money Management, a data-driven money management platform for financial institutions.
The platform combines digital banking expertise from Digital Insight, an NCR company, and MX’s user experience (UX).
It will provide account holders with practical financial data to aide in managing day-to-day spending decisions, budgeting, and financial planning, the companies said in joint statement.
The platform will deliver cleansed and categorized transaction data that makes spending behavior easy to interpret, enabling financial institutions to analyze the non-sensitive primary and aggregated account data to present more targeted and relevant offers to their end customers.
NCR vice president & general manager Jose Resendiz said: “Joining forces with MX’s industry-leading solution builds on our commitment to support financial institutions on their growth goals. 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.
MX CEO Ryan Caldwell said: “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.”