The account aggregator framework allows financial institutions to share data. These institutions – banks, mutual fund companies, insurance companies, and pension funds – store customer financial data required by lenders, wealth managers, insurers, and personal finance managers.
Using an account aggregator is a great option if you’re looking for a way to speed up your application process. Using an account aggregator can ensure that all of your customer’s data will be securely transferred with consent.
Finezza’s FIU Module makes it simple to connect to any Account Aggregator (AA) and fetch financial data in real-time. You can integrate Finezza’s FIU Module with your existing credit evaluation software. You can also use our out-of-the-box integration with Finezza Loan Origination System (LOS) & Precisa Financial Data Analytics for even quicker and more accurate credit decisions.
Key Benefits of Integrating an Account Aggregator:
- Seamless, safe, and swift data sharing.
- No physical documents.
- Verified data.
- Real-time analysis.
- Low fraud risk.
- One-time consent, multiple data fetches.
Check out the video below to learn more about how the Account Aggregator Integration works with Precisa.