What Is Accounts Payable Automation Accounts payable automation is the use of software to manage and automate how a business handles bills, invoices, approvals, and payments. Instead of relying on paper, spreadsheets, and manual work, businesses use digital systems to...
What Are Business Credit Platforms Business credit platforms are tools that help companies track, understand, and manage their credit profile, but they are not the same as credit bureaus or scoring models. For many people, familiar names like FICO and Experian...
What Is Digital-First Banking Digital-first banking is a model where banking services are designed to be used primarily through digital platforms, such as mobile apps and online interfaces, rather than physical branches. Instead of relying on in-person visits, users...
What Is Financial Data Aggregation Financial data aggregation is the process of collecting, combining, and organizing financial information from multiple accounts into one unified system. Instead of financial data being stored separately across banks, credit cards,...
What Is Banking-as-a-Service (BaaS) Banking as a service (BaaS) is a model that allows companies to offer banking features without being banks. Instead of building a bank from scratch, a company can connect to a licensed financial institution and use its...
What Is Payroll Connectivity Payroll connectivity allows apps to connect directly to payroll systems to access income and employment data in real time. Instead of relying on documents like pay stubs, platforms can retrieve verified information instantly with user...
What is AI in Finance Artificial intelligence in finance refers to the use of systems that can analyze data, detect patterns, and make decisions related to money and financial services. In recent years, this has evolved into what can be described as “AiFi” (AI-driven...
What Is Open Finance Open finance is a shift toward financial data that can be shared securely between apps, platforms, and institutions. Instead of your financial information staying locked inside a single bank or service, it can now move across different tools when...
MX Technologies: Overview MX Technologies, Inc. (MX) is a Utah-based fintech company focused on financial data connectivity, verification, data enhancement, and digital money experiences. Instead of operating like a traditional bank or credit union, MX provides...
What Is Embedded Finance Embedded finance is the shift where financial services are built directly into apps and platforms, instead of being accessed through a separate bank or financial institution. Instead of going to a bank’s website or app to manage money,...