FDX

FDX (Financial Data Exchange) is a nonprofit, member-led standards body whose FDX API defines a common, secure way for consumers to share their financial data with third parties. Instead of screen-scraping and credential sharing, FDX specifies a RESTful, token-based interface — anchored in OAuth and consent — that banks, aggregators, and fintechs can all implement the same way. It has become the de facto open-banking data standard across the United States and Canada.

• A common data model - Standardized resources for accounts, transactions, balances, and more, so every consumer of the API sees the same shapes.
• Consent and permissioning - A structured consent grant that lets a consumer authorize, scope, and revoke access to their own financial data.
• Token-based access over OAuth - Third parties call the API with scoped access tokens rather than holding a customer’s banking credentials.
• Member-governed evolution - Banks, aggregators, fintechs, and networks steer the spec together, keeping it aligned across the ecosystem.
• North American open finance - The reference standard that regulators and networks point to for compliant data sharing.

In real API operations, FDX is how the U.S. moves from screen-scraping to sanctioned data access — it is the interface the CFPB’s Personal Financial Data Rights rule under Dodd-Frank Section 1033 points to as a qualified data-sharing method. Providers implementing FDX pair its data model with a financial-grade auth layer like FAPI, giving aggregators a consistent, permissioned contract to integrate against. For the API economy, FDX turns “let consumers share their bank data” from a compliance headache into a standard, machine-readable API surface that agents and applications can adopt once and reuse across institutions.