FDX API usage expands to encompass 114 million customer connections
The Financial Data Exchange (FDX), a standard-setting organization based in the US and Canada, has seen a significant increase in API adoption. The FDX API is now leveraged in over 114 million customer accounts across the North American financial ecosystem.
This scale of adoption reflects the widespread trust and acceptance of the FDX API standard, which became the first recognized standard-setting body under the Consumer Financial Protection Bureau (CFPB) in early 2025. The growth represents a 50% increase from 76 million a year ago.
The latest FDX API adoption figures were revealed at the Global Summit 2025, which ran from 21-24 April in the US. The data reflecting the latest findings comes from FDX's Spring 2025 Adoption Metrics Survey.
Kevin Feltes, chief executive officer of FDX, stated that hitting 114 million customer connections reflects both the scale of FDX's impact and the power of industry-led collaboration. He is scheduled to speak at the Open Banking Expo USA on June 26 in New York.
Industry-led standard-setting and collaboration is helping companies to improve interoperability when they integrate. However, tens of millions of consumers and small businesses in North America are still sharing financial data through methods that require sharing login credentials with third parties and may offer less customer control, according to FDX.
The 50% increase in API adoption is a sizable jump from the 96 million reported six months ago. FDX called the growth "a sizable jump" and pointed to "work ahead" amid a shifting regulatory environment.
US-based Citizens has recently released a new Open Banking API. For more details about the Open Banking Expo USA agenda, speaker line-up, and ticket information, visit the event's official website.
The FDX is a leading organization with over 200 member organizations, solidly rooted as the leading method in North America for building APIs to enable safe, user-permissioned connections. The organization continues to drive innovation and collaboration in the financial technology sector.
- The Financial Data Exchange (FDX) API, the first recognized standard-setting body under the Consumer Financial Protection Bureau (CFPB), experienced a 50% increase, from 76 million to 114 million customer accounts, as revealed at the Global Summit 2025.
- The Growth of FDX API adoption, now leveraged in over 114 million customer accounts, reflects both the scale of FDX's impact and the power of industry-led collaboration.
- Kevin Feltes, CEO of FDX, is scheduled to speak at the Open Banking Expo USA on June 26 in New York, sharing insights on the organization's continued drive for innovation and collaboration in the financial technology sector.
- The success of FDX API standard is not only seen in North America but also globally, thus fostering global collaboration and driving the evolution of finance, business, and technology.
