Adoption of FDX API reaches a milestone with 114 million customer connections established.
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The Financial Data Exchange (FDX) API has seen a significant surge in adoption in North America, according to the latest figures revealed at the FDX Global Summit 2025. The event, which took place from 21-24 April in the US, saw the announcement of over 114 million customer connections through APIs aligned to the FDX standard[1].
This represents a staggering 50% increase from the previous year[2]. The growth demonstrates a strong and accelerating uptake of the FDX API, despite regulatory uncertainties surrounding Section 1033 of the Dodd-Frank Act[5].
Consumer sentiment towards open banking is also positive. A recent survey found that 60% of Americans express favorable views, and about 45% of U.S. national bank customers either use or are interested in open banking services[1].
The growth of the FDX API can be attributed to several factors. A move towards personalized, data-driven financial experiences is driving consumer demand, with 82% of consumers willing to share more data if it leads to better service[4]. Moreover, business use cases such as account aggregation, real-time lending, and financial advisory services continue to expand, leveraging the standardized FDX API to enhance interoperability and innovation across financial institutions[5].
Despite ongoing changes in the regulatory environment, particularly from the Consumer Financial Protection Bureau (CFPB), the momentum of business-driven adoption remains unabated[1][5]. Industry leaders emphasize the long-term value beyond compliance, with the FDX API solidly rooted as the leading method in North America for building APIs to enable safe, user-permissioned connections.
The FDX API standard operates not only in the US but also in Canada. The CEO of FDX, Kevin Feltes, will be speaking at the Open Banking Expo USA on June 26 in New York, providing further insights into the future of the FDX API and open banking[3].
For more details about the Open Banking Expo USA, including the agenda, speaker line-up, and ticket information, visit the event's official website. Industry-led standard-setting and collaboration are helping companies to improve interoperability when they integrate, paving the way for a more connected and innovative financial services landscape.
[1] FDX Global Summit 2025 Press Release [2] FDX Adoption Metrics Survey, Spring 2025 [3] Open Banking Expo USA Schedule [4] Consumer Attitudes towards Open Banking Survey, 2025 [5] CFPB Personal Financial Data Rights rule, 2021
- The FDX API, a leading method for building APIs in North America, has seen a 50% increase in adoption, as reported at the FDX Global Summit 2025.
- Despite regulatory uncertainties, the growth of the FDX API is driven by consumer demand for personalized, data-driven financial experiences and expanding business use cases.
- The CEO of FDX, Kevin Feltes, will be speaking at the Open Banking Expo USA on June 26 in New York, sharing insights into the future of the FDX API and open banking.
- Industry-led standard-setting and collaboration are essential for improving interoperability during integrations, paving the way for a more connected and innovative financial services landscape.
