Tyk is proud to announce its membership in the Financial Data Exchange (FDX) – the standards-setting body formally recognized by the Consumer Financial Protection Bureau (CFPB) under the Personal Financial Data Rights rule. FDX is dedicated to unifying and securing user-permissioned financial data sharing across North America.
Why FDX and why now?
“The convergence of secure, user-permissioned financial data sharing and agentic AI is redefining how financial services operate. APIs are no longer just plumbing, and Open Banking APIs such as FDX are no longer just regulatory requirements. They are the control plane through which AI agents access, transact, and make decisions on behalf of consumers.
Joining FDX positions Tyk at the intersection of these two forces, ensuring that as AI transforms financial services, it does so on a foundation of open standards, security, and consumer trust.”
– James Hirst, COO, Tyk
The financial services landscape is shifting fast. AI agents now represent a growing share of API traffic at major financial institutions, and that number is only accelerating. In this new era of agentic AI, standardization is not optional. It is the foundation of interoperability across a financial institution’s entire stack.
Tyk’s investment in financial services is rooted in a core belief: open standards beat proprietary. Financial institutions cannot afford vendor black box approaches when the community and markets are moving this rapidly. Proprietary systems quickly become costly limitations, holding institutions back as they wait on vendors’ roadmaps. Conversely, Tyk’s open-core architecture gives organizations the agility to move at the speed of innovation without being locked into a single vendor’s roadmap.
This partnership with FDX also provides us with the opportunity to work with on-the-ground users in the financial services industry, collaborating with them and addressing their adoption challenges head-on through direct feedback and open communication.
Tyk’s commitment to driving open standards
Open standards power interoperability, resilience, and scale in an AI-driven world. Tyk is committed to contributing to the standards that make this possible:
OpenAPI specification (OAS): Tyk actively contributes to the OpenAPI Specification and its adjacent specifications, including Overlay and Arazzo, ensuring API contracts and workflows remain open, portable, and machine-readable for both human developers and AI agents.
Open Finance and FAPI: Tyk is committed to advancing secure, user-permissioned financial data sharing through Open Finance standards like FDX. The Tyk FAPI Accelerator, available as part of the Tyk API management platform, provides out-of-the-box support for Financial-grade API (FAPI) security profiles, enabling faster, more accessible compliance for financial institutions.
AI governance for financial services: As AI agents become primary consumers of financial APIs via emerging protocols such as the Model Context Protocol (MCP) and Agent-to-Agent (A2A), securely governing those interactions is critical. Tyk’s participation in FDX reflects a commitment to helping financial services organizations confidently and securely participate in the AI economy while maintaining the trust their customers expect.
What’s next
Tyk’s FDX membership underscores its commitment to financial services and to advancing the standards that will define how Open Finance and AI coexist securely and at scale. We are looking forward to actively contributing to different working groups and helping drive the adoption of FDX.
We will be hosting the LEAP 2026 conference on March 12, where we will explore the role of FDX in building the AI Control stack for financial services. LEAP will be packed with actionable insights, practical use cases, and frameworks to strengthen your API-driven solutions. You’ll also have the chance to hear directly from the FDX experts speaking at LEAP 2026.
Learn more about Tyk’s financial services solutions at www.tyk.io/financial-services.
