Financial Data Exchange (FDX) has reported that approximately 114 million customer connections are now happening through APIs aligned to the FDX standard, as the use of standardized APIs to enable consumer-permission data sharing continues to grow.
The growth in FDX API adoption to 114 million customer connections represents a 50% increase from the comparable figure of 76 million a year ago, while FDX called it “a sizable jump” from the 96 million reported six months ago.
Kevin Feltes, chief executive officer, FDX
“Hitting 114 million customers connections reflects both the scale of FDX’s impact and the power of industry-led collaboration to drive interoperability,” said Kevin Feltes, chief executive officer of FDX.
FDX revealed the latest FDX API adoption figures at its Global Summit 2025, which ran from 21-24 April in the US, with the data reflecting the latest findings from FDX’s Spring 2025 Adoption Metrics Survey.
In a press statement, the organization stated that the FDX API standard “is solidly rooted as the leading method in North America for building APIs to enable safe, user-permissioned connections” and said that “industry-led standard-setting and collaboration” is helping companies to “improve interoperability when they integrate”.
FDX noted that API adoption continued to grow “amid a shifting regulatory environment”, but pointed to the “work ahead”. According to FDX, “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”.
At the start of the year, FDX received recognition as a standard-setting body in the US by the Consumer Financial Protection Bureau (CFPB) under its Personal Financial Data Rights rule.
FDX is a standard-setting organisation, operating in the US and Canada and has more than 200 member organisations.
Further reading: US-based Citizens releases new Open Banking API
FDX’s Kevin Feltes is speaking at Open Banking Expo USA on June 26, in New York. Find out more about the agenda, speaker line-up and how to get your ticket here.
