Latest news with #MX
Hamilton Spectator
12 hours ago
- Business
- Hamilton Spectator
MX Welcomes Mark Nelson as New Chief Technology Officer to Accelerate Platform Innovation
LEHI, UTAH, July 22, 2025 (GLOBE NEWSWIRE) — MX Technologies, Inc., today announced an important change in technology leadership with the appointment of Mark Nelson as its new Chief Technology Officer. He brings more than 25 years of experience building and scaling engineering and product teams in high-growth environments. 'Mark Nelson is the perfect addition to our MX leadership team. He brings a rare combination of deep technical expertise and proven leadership at scale,' said Ryan Caldwell, Founder and Chief Executive Officer of MX. 'He has built and led some of the world's most demanding engineering organizations, and his passion for building product-minded teams with a strong bias for execution makes him the ideal leader for our next chapter. I'm confident Mark will continue to accelerate our platform innovation, strengthen our client partnerships, and help us deliver even greater value as we work to empower the world to be financially strong.' Previously, Mark was Senior Vice President of Technology at Marqeta, where he led card issuing and payment processing, banking, risk, and data teams. Before Marqeta, he led engineering efforts at Tableau (a Salesforce company), focusing on integrating Tableau's technologies into Salesforce and Slack, and building out its marketplace. He also helped scale Twilio's data and billing platforms, as well as spent 12 years at Salesforce building hyperscale data infrastructure and shaping the early Salesforce Platform and CRM products. 'MX is a company known for its mission, taking ownership, and caring deeply about serving its clients, partners, and the industry at large. I'm thrilled to join MX at such a pivotal time. I see tremendous potential to unlock new value for our clients through data-driven innovation, platform extensibility, and a relentless focus on execution,' said Mark Nelson. Mark succeeds Chief Product and Technology Officer Wes Hummel, who played a key role in continuing to elevate MX's engineering culture to new heights — building on a legacy as a place where top engineers choose to build leading technology in one of the most impactful industries at a company with a powerful mission. Wes will remain a close partner during this transition. About MX MX Technologies, Inc. enables financial providers and consumers to do more with financial data. MX provides end-to-end solutions for financial institutions and fintechs to connect to, understand, and act on customers' financial data. To learn more, follow us on X and LinkedIn @MX or visit .
Forbes
2 days ago
- Business
- Forbes
JP Morgan Chase Have A Point, But The Whole Economy Needs Data To Flow
INDIA - 2025/07/14: In this photo illustration, a JPMorgan logo is seen displayed on a smartphone ... More with a JPMorgan Chase Co logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) The not entirely unexpected news that JP Morgan Chase intends to start charging for customers' data that is obtained by third parties through APIs, data that is provided free through 'open banking' in other parts of the world, is causing significant comment across the fintech sector. Data Needs A Business Model The planned charges would affect how fintech platforms access information through intermediaries, particularly data aggregators like Plaid and MX. who provide the infrastructure layer that sits between banks and third parties. As Jason Mikula pointed out, if these aggregators are forced to begin paying banks on a per data access basis, those costs will inevitably be passed along to aggregators' fintech customers, and, presumably, those fintechs' end users. This may make some of the services unviable, which will in turn reshape the market in a couple of ways: For the economy as a whole to benefit we therefore need to find a compromise that would allow the banks to earn a reasonable return on the data but also benefit the wider economy. In other jurisdictions, that compromise takes the essential form of 'basic and 'premium' services., which seems a reasonable way of working, so my high-level view is that there should be a standard model put in place to encourage the use of bank data for the greater good while providing balanced rewards. Using the language of cards, this means resolving interchange and liability. In other words, who gets paid what when things work properly and who compensates whom when things go wrong. It seems to me that it should hardly beyond the bounds of human ingenuity to find appropriate solutions. For example, the regulators might decide that the banks will earn zero interchange on basic facts about the account holder but they can earn whatever interchange they set for other premium services that they want to provide (an example might be giving a 'safe to spend' limit for the purposes of regulated gambling). In return for fees, the banks will also have to accept liability. I would need to defer to someone like Tom Brown, but I would've thought it might be possible to construct a solution that is based on transactional but not contingent liabilities. In other words if I give you a loan because I think you have an account with a certain amount of money in it and it later turns out that it wasn't you then the bank should be liable to the value of the loan but not beyond it. Identity is the new... well, you know. Open Banking, Open Data There is, however, another aspect beyond such "interchange fees' where I do actually feel the banks have a reasonable complaint and that is symmetry. The banks argue with complete justification that open banking does not create a level playing field for competition if they are required by law to provide basic customer data for nothing whereas third parties are not. They would argue that if they have to provide customer data to a social media company, for example, then the social media company should provide social graph data to the bank. (This is an argument that's been raging for years in Europe and the example of the Consumer Data Right in Australia shows one way forward here.) Taking all of this together, I think the principle of banks being allowed to charge something for customer data is sound provided it is within a framework set by the regulators to maximise the net welfare and not to maximise the profits of commercial banks. The fact is that allowing customer data to flow, under an equitable arrangement, is good not only for banks and fintechs but for society as a whole. Open Data And Open Minds This is not only about open banking data. There is another, bigger picture here. In a paper on "The Data Economy: Market Size and Global Trade" for the Economic Statistics Centre of Excellence (part of the UK's National Institute of Economic and Social Research), Diane Coyle and Wendy Li wrote about the "data gap" between global Big Tech and potential competitors, disruptors and innovators. They argue (convincingly) that this data gap is a a barrier to entry that affects not only businesses but also aggregate innovation, investment and trade. Similarly, the European Council on Foreign Relations (ECFR, a prominent think tank) published a call for action on "Defending Europe's Economic Sovereignty" in which it called for the EU (and the UK) not to put up barriers at all but to agree data free-flow with the US. Coule and Li conclude that an open data-sharing ecosystem will increase productivity and therefore economic wellbeing. From my inexpert perspective, I could not agree more, so if I were the CEO of a US bank, I might therefore be tempted to play a longer game. I would go to the industry and say something like the... I know this sounds radical, but I hope that US regulators will, in time, choose this path, a path that grows the pie while ensuring that everyone, including banks, gets a fair slice.
Syyaha
5 days ago
- Syyaha
Experience the Future of Innovation at Samsung's experience space in Riyadh
Riyadh, Saudi Arabia – Jul 15, 2025 – Samsung Electronic Saudi Arabia announced the launch of a dynamic and interactive Samsung Experience Space at Riyadh Park and Granada Mall, running from July 10 and for a duration of one month. This initiative aims to provide visitors with a unique opportunity to immerse themselves in Samsung's latest innovations and cutting-edge technology through a series of hands-on activities and demonstrations. The activation zone is designed to showcase Samsung's newest devices and features, offering an engaging environment for tech enthusiasts and everyday users alike. At the event, guests will be able to explore the Gemini live feature, which is integrated into the innovative Fold and Flip 7 devices. This feature allows users to experience fluid multitasking and seamless device interaction like never before. Visitors can also test the Galaxy Z Flip7's real camera experience, highlighting its high-resolution capabilities that capture stunning, professional-quality images in various settings. Additionally, they can delve into the advanced photography features of the Galaxy Z Fold 7, which has become renowned for its high-resolution camera and versatile shooting modes. Gaming enthusiasts will have the chance to test the high-performance gaming capabilities of the Galaxy Z Fold 7, experiencing fast processing speeds and smooth graphics that are perfect for mobile gaming adventures. Sami Khairalla, Country Senior Director for MX at Samsung, expressed his enthusiasm about the event, stating, 'We are thrilled to bring this interactive Samsung Experience Space to Riyadh. It represents our commitment to innovation and to providing our fans and new users with an opportunity to explore and experience our latest technological breakthroughs firsthand. This activation zone is a testament to how Samsung aims to enhance everyday life through smarter devices and more engaging experiences.' Visitors are encouraged to visit the Samsung Experience Space at Riyadh Park and Granada Mall, where they can explore products, participate in live demonstrations, and enjoy exclusive offers available to those who complete the full journey within the activation zone. This event is an ideal opportunity for Samsung fans and tech enthusiasts to connect with the brand's latest offerings, learn more about the innovative features, and experience the future of mobile technology firsthand. To learn more about the activity you can visit the Samsung Experience space page under the following link
GSM Arena
6 days ago
- GSM Arena
Samsung exec hints the S Pen will make a comeback to foldables, someday
With the Galaxy Z Fold7's thin and light profile, Samsung had to make some sacrifices. One of the more notable omissions is the lack of S Pen support as Samsung ditched the folding screen's digitizer layer. This, however, doesn't mean that Samsung will give up the S Pen on future foldables. Samsung MX (Mobile eXperience) Managing Director - Kang Min-seok spoke to Korean outlet ET News and confirmed that consumers wanted a thin and light product and that trade-offs had to be made. While the Z Fold7 does not feature S Pen support, Samsung is not giving up on adding stylus support for future Galaxy foldables, but it's a case of 'the technology just isn't there yet'. We are also researching and developing thinner and innovative technologies for the S Pen, so we will reconsider it when the level of perfection increases and there is consumer demand.' - Kang Min-seok, Samsung MX Managing Director The decision to remove S Pen support, alongside the lack of improvements to battery capacity and charging speed, may not sit well with consumers right now, but Kang argues that these decisions were made in relation to consumer demand for a thin and light device. He also mentions that Samsung is aiming to 'pursue a perfect product balance, not just thinness and lightness', so we'll hopefully see future Z Fold devices with larger batteries, faster charging and S Pen support. Samsung Galaxy Z Fold7 Source (in Korean)
Associated Press
08-07-2025
- Business
- Associated Press
Logitech Hosts Its First 'Women in Coding' Panel: Empowering Women in Tech
Logitech Blog Logitech is committed to providing girls and women with skills, resources and tools to build careers in technology. As part of this pursuit through the MX Women Who Master program, Logitech recently hosted its first 'Women in Coding' panel. By bringing together top minds in coding, the event explored the challenges, achievements, and future opportunities for women in the tech industry. It not only underscored Logitech's commitment to fostering diversity in technology, but also set the stage for meaningful discussions on mentorship, resilience, and personal growth. The panel featured influential women from Logitech's MX partners and leading tech organizations, and was moderated by Logitech's Moumita Pal. Together, they shared their unique journeys, insights, and lessons learned on the path to building impactful careers in coding. Meet the panelists: The panelists spoke in detail about what inspired them to pursue careers in coding, what advice they'd give to their younger selves, and how mentorship shaped their journeys. To help attendees take the next step in their own coding careers, selected participants got to connect one-on-one with panelists for a mentorship session on career development, coding skills, and navigating the tech industry. Relive the insights and inspiration from the event by watching the panel highlights below. You can also find the full replay here. Visit 3BL Media to see more multimedia and stories from Logitech
