FDX
TechnologyFDX (Financial Data Exchange) is a US-based non-profit that maintains the FDX API, the leading technical standard for sharing consumer financial data through secure APIs rather than screen scraping. In January 2025 the CFPB recognized FDX as the first standard-setting body under the Section 1033 framework, making the FDX API the de facto standard underpinning regulated open banking in the United States. Use this page as a working reference when you compare banks, products, and regulatory timelines.
Financial Data Exchange
Definition
FDX (Financial Data Exchange) is a US-based non-profit that maintains the FDX API, the leading technical standard for sharing consumer financial data through secure APIs rather than screen scraping. In January 2025 the CFPB recognized FDX as the first standard-setting body under the Section 1033 framework, making the FDX API the de facto standard underpinning regulated open banking in the United States.
Related Terms
Section 1033
Section 1033 - Personal Financial Data RightsSection 1033 of the Dodd-Frank Act is the statutory basis for open banking in the United States. The...
CFPB
Consumer Financial Protection BureauThe Consumer Financial Protection Bureau is a U.S. government agency responsible for consumer protec...
Open Banking
Open Banking is the practice of banks and other account providers exposing customer account and paym...
Screen Scraping
Screen scraping is a technique where software extracts data from the display output of another appli...
Frequently Asked Questions
What is Financial Data Exchange?
FDX (Financial Data Exchange) is a US-based non-profit that maintains the FDX API, the leading technical standard for sharing consumer financial data through secure APIs rather than screen scraping. In January 2025 the CFPB recognized FDX as the first standard-setting body under the Section 1033 framework, making the FDX API the de facto standard underpinning regulated open banking in the United States.
What does FDX stand for in Open Banking?
FDX stands for Financial Data Exchange. It is a fundamental concept in Open Banking and PSD2 regulations. FDX (Financial Data Exchange) is a US-based non-profit that maintains the FDX API, the leading technical standard for sharing consumer financial data through secure APIs rather than screen scraping. In January 2025 the CFPB recognized FDX as the first standard-setting body under the Section 1033 framework, making the FDX API the de facto standard underpinning regulated open banking in the United States.
How does FDX relate to Open Banking?
Financial Data Exchange is a key concept in the Open Banking ecosystem, falling under the Technology category. FDX (Financial Data Exchange) is a US-based non-profit that maintains the FDX API, the leading technical standard for sharing consumer financial data through secure APIs rather than screen scraping. In January 2025 the CFPB recognized FDX as the first standard-setting body under the Section 1033 framework, making the FDX API the de facto standard underpinning regulated open banking in the United States.
More Technology Terms
API
Application Programming InterfaceAn Application Programming Interface is a set of routines, protocols, and tools for building softwar...
API Data
API Data is data made available to an API User or a TPP through the APIs. This includes account info...
LOS
Loan Origination SystemA Loan Origination System (LOS) is software that manages the end-to-end lending lifecycle: applicati...
OAO
Online Account OpeningOnline Account Opening (OAO) is digital onboarding that lets a customer apply for and open a new dep...
OLB
Online BankingOnline Banking (OLB) is the digital banking channel where customers or members sign in to view balan...
Open API
Open API / Public APIAn Open API or Public API is a free-to-use, publicly available application programming interface tha...
Explore More Open Banking Resources
Dive deeper into the Open Banking ecosystem with our comprehensive directories.