Central Pacific Bank (CPB), a Hawaii-based financial services provider, has turned to digital transformation platform MX to improve operational efficiency.
MX is said to power data-driven digital money management for the bank’s customers within the bank’s website and app.
This will be enabled through MX mobile solution Helios as well as MoneyMap personal financial management solution.
It will enable CPB clients to aggregate accounts of multiple banks in one place. All this can be done without the requirement of logging in to different apps or websites.
Commenting on the alliance, MX cofounder and chief technology officer Brandon Dewitt said: “We fundamentally believe that forward-looking financial institutions such as CPB are helping not only their own customers but also are benefiting the broader digital transformation of the entire banking industry.”
CPB chairman Paul Yonamine said: “Our number one goal is to make a positive difference in people’s lives — in banking and beyond — and we believe MX offers a best-in-class solution to empower our customers and community to improve their financial health.”
A unit of Central Pacific Financial, CPB offers banking, investment as well as trust services.
The bank has 35 branches and managed $6bn in assets at the end of September 2019.
Meanwhile, MX is said to have been used by over 2,000 financial institutions.