cashvisionusa

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What Makes a Great Financial Data API?
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A financial data API is an innovative tool that
can help lenders reduce credit risk, improve
customer experience, determine creditworthiness,
and make smarter lending decisions. So what makes
a futuristic financial data API? Here are a few
significant features you need to look for when
investing in an API
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Data Integration
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A good API can allow you to integrate your
borrowers data from multiple sources like
accounting, banking, cash flow, and other
financial data points, using a quick and
intuitive platform.
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Normalization and Cross-Reference Financial Data
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Raw data is complex. Choose an API that has the
power to normalize data into one portal, one
format, regardless of the customers financial
data sources - one that can transform raw data
into meaningful, easy-to-understand insights.
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Real-Time Insights
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Go for an API that delivers the most robust and
real-time cash flow, banking, accounting, and
financial data for lending, so you can better
understand your customers needs and make the
right decisions.
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Cash Flow Predictive Data
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An excellent financial data API provides more
forward-looking data points like cash flow
predictive data that can help you accurately
predict the financial future of a business and
ultimately better determine the ability of a
borrower to repay the loan.
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Top-Notch Customer Service
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A good financial data API provider is always
there 247 to solve any query you might have
about data collection, quality, uses, or credit
decisioning.
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If youre searching for a new and innovative
financial data API to outperform large-scale
rivals and take your business forward, Codat,
ForwardAI, and Validis are the top three options
you should consider.
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• Sources
• http//solutions.yodlee.com/rs/789-EJH-884/images/
  EB_7-Reasons-to-Bank-on-Financial-APIs.pdf
• https//www.mulesoft.com/resources/api/open-bankin
  g-apis-benefits
• https//www.forwardai.com/

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