Adoption of FDX API reaches 114 million customer links.
The Financial Data Exchange (FDX) has announced that as of mid-2025, over 114 million customer accounts are leveraging FDX APIs in North America. This significant milestone reflects the broad adoption of the FDX API as a common standard for financial data sharing across the region's financial ecosystem.
The growth of FDX API customer connections is driven by the expanding fintech sector and ongoing digital transformation mandates in North America. According to recent market projections, the fintech sector is forecasted to grow at approximately 17-18.5% CAGR through 2030, with North America's fintech revenue projected to grow fourfold by 2030. The embedded finance market, which overlaps with open banking and API usage, is expected to expand at a CAGR of 36.4% from 2025–2030.
These figures suggest that customer connections via FDX APIs are expanding rapidly in the high double digits percentage annually. The North American API management market is also thriving, with the region dominating the global market with a 39.2% share in 2025.
FDX operates in both the US and Canada and has over 200 member organizations. The latest FDX API adoption figures were revealed at the Global Summit 2025, which ran from 21-24 April in the US. Notably, the adoption of FDX APIs has seen a 50% increase from 76 million a year ago.
Kevin Feltes, chief executive officer of FDX, stated that hitting 114 million customer connections reflects the scale of FDX's impact and the power of industry-led collaboration. He will be speaking at Open Banking Expo USA on June 26 in New York.
The Consumer Financial Protection Bureau (CFPB) in the US recognized FDX as a standard-setting body at the start of the year, under its Personal Financial Data Rights rule. This recognition underscores the importance of industry-led standard-setting and collaboration in improving interoperability when companies integrate.
Despite this progress, tens of millions of consumers and small businesses in North America are still sharing financial data through methods that require sharing login credentials with third parties and may offer less customer control. A new Open Banking API has been released by US-based Citizens, indicating a continued push towards more secure and user-controlled financial data sharing.
In conclusion, the wide-scale adoption of FDX APIs as a North American open banking standard, coupled with the strong fintech expansion and regulatory pushes for API interoperability, positions the FDX API standard as solidly rooted as the leading method in North America for building APIs to enable safe, user-permissioned connections.
- The Financial Data Exchange (FDX) API, a common standard for financial data sharing in North America, is experiencing rapid growth due to the expanding fintech sector and ongoing digital transformation mandates.
- The latest FDX API adoption figures were revealed at the Global Summit 2025, where it was noted that the adoption of FDX APIs has seen a 50% increase from the previous year.
- The Consumer Financial Protection Bureau (CFPB) in the US has recognized FDX as a standard-setting body, underscoring the importance of industry-led standard-setting and collaboration in improving interoperability.
- A new Open Banking API has been released by US-based Citizens, indicating a continued push towards more secure and user-controlled financial data sharing, as tens of millions of consumers and small businesses in North America continue to share financial data through less secure methods.
