Partnership emphasizes the value of APIs in accessing accounting data in real-time, allowing FIs to enhance services provided to their small and midsize business (SMB) clients
ForwardAI, a fintech providing aggregated access to accounting & business data and analysis, announced its partnership with FinTech Automation, a financial technology company that allows fintechs and traditional financial institutions (FIs) to offer various embedded finance and banking-as-a-service products. Through the partnership, FinTech Automation will adopt ForwardAI’s premium API for seamless access to a full suite of accounting data platforms for its clients.
The partnership enables FinTech Automation to leverage ForwardAI’s Precise API to access critical financial data points and analysis from over 17 accounting software companies – instead of having to rely on one-off, code-heavy connections to individual providers. ForwardAI’s Precise API is fully integrated with Fintech Automation’s AccelerationCloud, a middleware engine that integrates its UniFi platform with over 30 third-party partners. UniFi provides fintechs, banks, and non-traditional FIs with a cloud-native, API-driven core, enabling a full suite of banking and wealth management applications.
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“In moving from the information to the digital age, how information moves and is processed is as important as the data itself,” said David Park, CEO and founder of FinTech Automation. “As an OEM partner to FinTech Automation’s platform, ForwardAI empowers our clients by offering cost-effective and seamless integration to access accounting data. This lets them directly permission data and insights through our ecosystem to support their decisioning processes.”
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“We’re thrilled to partner with FinTech Automation, which shares our vision of providing an intelligent, embedded finance ecosystem for financial institutions, lenders and fintechs to better serve their (SMB) clients.” said Nick Chandi, CEO and co-founder of ForwardAI. “As traditional methods of data collection and access are becoming increasingly obsolete, open finance technology provides a more reliable, seamless alternative for both financial institutions and their clients. Our technology provides Fintech Automation with a premium API for integrated access to accounting and financial data that is both easily scalable and normalized.”
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