What Makes a Great Financial Data API
                     What 
Makes a 
Great 
Financial 
Data 
API?
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
Data 
Integration
A good API can allow you to integrate your 
borrower’s data from multiple sources like 
accounting, banking, cash flow, and other 
financial data points, using a quick and 
intuitive platform.
Normalization and 
Cross-Reference 
Financial Data
Raw data is complex. Choose an API that 
has the power to normalize data into one 
portal, one format, regardless of the 
customer’s financial data sources - one that 
can transform raw data into meaningful, 
easy-to-understand insights.
Real-Time Insights
Go for an API that delivers 
the most robust and real-time cash flow, ban
king, accounting, and financial data for lendi
ng
, so you can better understand your 
customers’ needs and make the right 
decisions.
Cash Flow 
Predictive Data
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.
Top-Notch 
Customer Service
A good financial data API provider is 
always there 24*7 to solve any query you 
might have about data collection, quality, 
uses, or credit decisioning.
If you’re 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.
Sources:
• http://solutions.yodlee.com/rs/789-EJH-884/im
ages/EB_7-Reasons-to-Bank-on-Financial-APIs.pd
f
• https://www.mulesoft.com/resources/api/open
-banking-apis-benefits
• https://www.forwardai.com/
Thank You