Canadian Imperial Bank of Commerce Enables Wider Access to Financial Tools and Data Sharing

Canadian Imperial Bank of Commerce (CIBC) has signed a data access agreement with the open finance fintech MX to streamline how the Bank’s customers interact with third-party fintech applications. This means CIBC’s 11 million clients no longer need to share their banking login ID and password to connect their banking information with third-party fintech applications that partner with MX. An application programme interface (API) technology has granted customers access to financial tools such as…