Medical data access saves lives,Financial data access saves your wallet with MX CEO, Jim Magats
Jim Magats is the CEO of MX, which unlocks the value of financial data with the most trusted open finance APIs. He shares how being a lousy accountant led him to solve financial issues first with Paypal and now with MX.
Three things in this episode that we dive into.
1️⃣ Mining for data gold while maintaining privacy
2️⃣ Transforming the Fintech Industry
3️⃣ Its All About Customer Desire
Also, watch the entire episode on youtube. https://youtu.be/MW4tTwY3XjA
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01:00 Intro to MX
01:28 Jim's Origin Story
03:23 Using a Customer-Centric Approach
05:49 The calling for Transformation
08:50 Finding Opportunity in Challenging Times
11:12 Mining for data gold while maintaining privacy
13:38 Financial institutions as identity companies
15:23 Buy Now Pay Later brings new challenges with data
17:12 Breaking Down the Data Silos
19:32 A Personal Mission
20:51 Advise for Fintech Founders
22:20 The Wrap Up
This is a Production of Diamond D3, Media
Jim Magats: Jim Magats is CEO of MX and the former senior vice president of Omni Payments at PayPal. During his 18 years long career at Paypal, he led the company to unbelievable heights, and the company reached a valuation of a whopping $300 billion in 2021. Prior to joining Paypal, Mr. Magats worked at Ernst & Young Consulting and Arthur Andersen Audit, helping issuers, retailers, and acquirers adapt to changing payments-related technology, customer needs, and regulatory environments.
Jim received his graduate degree from Indiana University and his bachelor's degree in accounting from Villanova University.
MX: MX Technologies, Inc., a leader in Open Finance, makes data accessible and actionable for everyone. MX is building the largest open finance ecosystem to help drive innovation and improve experiences through secure and reliable access to financial data. MX combines trusted open finance APIs with enhanced financial data to quickly and securely connect to and verify data for hundreds of use cases including account opening, money movement, and underwriting.
Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia.
Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments.
Diamond D3, Media: A media creation, management, and production company delivering engaging content globally