Ocrolus, the only automation platform that analyzes financial documents and digital data with over 99% accuracy, announced today its integration with Middesk to help financial services companies better understand their business customers. Middesk delivers business verifications, legal and regulatory checks, and industry classification products for companies selling to businesses. Its background check and risk assessment capabilities are critical, particularly as businesses frequently change entities. Having reliable and programmatic access to business health and firmographic data is incredibly important for any financial services company.
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Ocrolus customers will now have access to Middesk’s insights through the Ocrolus API. Because Middesk allows companies to establish the credibility of a business, customers can now get that degree of confidence and avoid doing business with fictitious companies and those involved in illegal or harmful activity. Given both companies’ dedication to accuracy and quality, their joint mission is to efficiently provide valuable data on businesses of all sizes.
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“This partnership with Middesk is exciting, because our financial services clients will receive trusted data on the legitimacy, veracity, and structure of their business customers,” said David Snitkof, VP of analytics at Ocrolus. “As the volume of small business lending comes back from the depths of the pandemic, lenders will be able to reenter the market with confidence thanks to streamlined and programmatic access to identity and compliance data.
Middesk users include business lenders, merchant service providers, and even consumer lenders looking to verify employer legitimacy. Middesk provides identity information by aggregating data from state and federal sources to effectively have a picture of every registered business in the country.
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