Akoya and Nova Credit Partner to Enhance Financial Access
Unlock better credit decisions as Akoya and Nova Credit collaborate to provide lenders with cashflow and income data through API integration.
Published 3 months ago by Whitney McDonald, Vaidik Trivedi on bankautomationnews.com
Abstract
Akoya and Nova Credit have joined forces to facilitate access to financial data for lenders, aiming to enhance credit decision-making by leveraging cashflow and income information. This partnership showcases the potential of API integrations in streamlining financial services.
Results
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Discussion
How this relates to indie hacking and solopreneurship.
Relevance
This article underscores the importance of leveraging partnerships and API integrations to enhance the accessibility of financial data, presenting opportunities to improve credit decision-making processes.
Applicability
To enhance credit decision-making in your own projects or businesses, you should explore partnerships with data providers or credit infrastructure companies to access valuable cashflow and income data.
Risks
One potential risk to consider is the need to ensure data security and compliance when sharing sensitive financial information through API connections.
Conclusion
The collaboration between Akoya and Nova Credit highlights a growing trend towards utilizing API integrations to enable better access to financial data, which could revolutionize how businesses make credit decisions in the long term.
References
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Transactions: Akoya, Nova Credit team up on financial access
Today, API-connected data access network Akoya teamed up with credit infrastructure and analytics company Nova Credit to allow lenders to deploy cashflow and income data. This will ultimately improve credit decisioning, Misha Esipov, co-founder and chief executive at Nova Credit, told Bank Automation News today. “We have an API connection with Akoya, where customers can […]
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