Enterprise Engineering, Inc. First to Support OFX 2.2 in Production
NEW YORK, April 07, 2016 (GLOBE NEWSWIRE) -- Enterprise Engineering, Inc. (EEI), a premiere software solutions provider, has announced that it is the first company to support OFX 2.2. For over 15 years, EEI has utilized OFX to enable millions of end users to access and transact with their financial data held at over 16,000 banks, brokerage firms, and retirement plan providers.
In October 2015, EEI unveiled the Trusted Network™ Platform at FinDEVr 2015 with partners Square 1 Bank and Xero. The Trusted Network™ Platform is an “assets held away” aggregation solution that intelligently empowers Financial Institutions with clean, consistent and trusted data enriched with client-specific business rules. The value of the Trusted Network™ Platform is that it securely manages and delivers high quality, current transactional data to a client’s preferred front-end application.
Square 1 Bank, now a division PacWest Bancorp, a bank holding company with over $21 billion in assets, has become the first client to go live with EEI’s fully integrated OFX 2.2 solution via the Trusted Network™ Platform.
"At Square 1, our goal is to empower our clients to interact with us in ways that are intuitive to them – whether it’s online through their desktops or mobile devices, through 3rd party applications such as Xero, or via direct connections. OFX 2.2 and EEI’s Trusted Network solution offer a platform upon which we can achieve this goal.” - Arthur Wasson, Head of Venture Capital Services & Global Treasury Management Sales.
Other clients set to go into production using EEI’s OFX 2.2 platform include the largest online credit marketplace and a leading global provider of payments and invoice automation software. Using OFX 2.2, EEI will provide their clients with enriched data through a leading edge API.
EEI is at the forefront of financial data solutions and is a leader and core member of the OFX consortium to help design a critical financial standard. By providing banks, brokerages and solution providers the opportunity to have a voice in the OFX space, EEI and the OFX Consortium are driving and defining the future direction of aggregation needs in the Financial Services industry.
About Enterprise Engineering, Inc. (EEI)EEI has been a trusted advisor to the Financial Services industry since 1995. We work with financial institutions (FI’s) and developers to securely and reliably connect people to their money through any and all channels. Our software products facilitate data access, aggregation and transaction processing and, are used by many of the world’s largest FI's. EEI has garnered many awards since inception. Most recently we were named “Best Financial Services Technology Solutions” by Wealth & Finance Magazine and received the “Excellence in Wealth Management Award” by Corporate LiveWire and the “Best in Manhattan Award” by the Manhattan Award Program. For more information, please visit www.joineei.com.
About Open Financial Exchange (OFX)OFX is a unified specification for the electronic exchange of financial data between financial institutions, businesses and consumers via the Internet. For more information, please visit www.ofx.net.
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