Overview

Connectors are simple, data point connections to external Saas providers, that are used to enrich internal customer data to help in onboarding and risk decision scenarios. API Connectors gather data from a collection of REST APIs with the purpose of merging them into a cloud-based data storage system. This process gives the possibility of filtering and transforming data into a proper format or structure for the purposes of querying and analysis.

Codat Connector offers easy integrating with companies' accounting, banking, eCommerce, PoS, and payment software that provides a standard way of connecting to different financial platforms in real-time. By implementing the FintechOS Codat Connector, businesses can access and retrieve relevant financial information from multiple databases, such as balance sheets, profit and loss reports, cash flow statements, and so on.

For information on how to use the connector in digital journeys and the API methods, see the following pages:

• Add Codat Connector in Digital Journeys
• API Methods

Business Pain Points

The Codat Connector is aimed at resolving some of the pain points when searching for relevant financial information that is spread across multiple systems:

• Searching for financial data is time consuming.
• Financial institutions use different accounting systems.
• Limited time to analyze financial statements from customers.

Key features

Once integrated in a digital journey, the Codat Connector solves these pain points by offering a simple way to collect data from multiple databases.

• Easy to use. It can be added to a digital journey to simply the search process.
• Time-efficient. It collects all the needed financial information from multiple systems.
• Single point of entry for a detailed search that offers real-time customer financial data.
• Access to complete commerce and financial data.
• Up-to-date financial data (access to the primary source).
• Extract data automatically (no manual work).
• Simplicity: data structure is independent of the source.
• One integration to gain access to the different accounting platforms.
• Possibility to monitor customer's financial health.