Open Financial Exchange (OFX) is a data-stream format for exchanging financial information that evolved from Microsoft 's Open Financial Connectivity (OFC) and Intuit 's Open Exchange file formats.

2024年2月20日 · OFX definitely provides a global reach, with transfers available in more than 190 countries and over 55 currencies. And it places no limits on how much money you can transfer or how often....

OFX stands for "Open Financial Exchange," which is a standardized data format used for exchanging financial information between different software systems, such as accounting software, banking systems, and personal finance management tools.

2023年9月18日 · Open Financial Exchange, abbreviated as OFX, is a unified protocol designed to ease and streamline financial data transportation over the internet. Essentially, OFX enables you to do online banking, bill payment, and financial data downloads directly via the internet from your financial institutions or services.

OFX enables efficient transfer of data between the aggregation service providers and Financial Institutions. In addition to the previous authentication mechanisms, OFX 2.2 onwards provides a tokenized authentication solution to improve upon the existing protocol.

OFX has been the dominant direct API for banks to provide data to financial applications since 1997. It is actively deployed at over 7,000 financial institutions, and the remaining institutions have easy access to certified OFX servers via all major technology providers and systems integrators.

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Short for Open Financial Exchange, a unified specification for the exchange of electronic financial data over the Internet. Using a request-response system of communication, OFX allows a client to connect directly to a financial institution’s server. An OFX application sends a request to another OFX application, which sends a response.

Open Financial Exchange is an open specification that anyone can implement: any financial institution, transaction processor, software developer, or other party. It uses widely accepted open standards for data formatting (such as XML), connectivity (such as TCP/IP and HTTP), and transport-level security.

2023年2月25日 · Open Financial Exchange (OFX) is a data standard that allows financial institutions to exchange data with various financial management software programs. OFX has been widely adopted in the US, with many banks allowing customers to automatically download their bank statements in OFX format for use with financial management software.