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.

FintechOS offers the possibility of accessing different databases with the purpose of moving around specific data using API connectors. They can be used but are not limited to banking or insurance business scenarios, in a loan origination operation, to automatically retrieve and fill-in financial data, and so on. In addition, connectors can have a significant role in the SME onboarding process by providing easy access to databases where the needed information is stored.

Dun and Bradstreet is an American corporation that provides information on commercial credit. They also provide data regarding business reports and, most importantly, their Data Universal Numbering System or DUNS numbers. A DUNS number identifies a company's Dun & Bradstreet business credit file, that includes company data, such as name, address, phone number, but also corporate family relationships, like headquarters, branches, subsidiaries. In addition, scores and ratings that assess different financial health indicators are available.
The FintechOS Dun and Bradstreet Connector offers financial institutions an elaborate overview on businesses though corporate analysis, insights, and analytics. Once integrated in a digital journey, the API connector can be used to search and retrieve the following data:

• Company matches in the Dun and Bradstreet database through the Company Lookup method. This method allows finding a company by DUNS number or many other parameters such as name, address, contact information, and others.

• Businesses' detailed profiles from basic information to business intelligence such as executive data, financial statements, and more. These details are exposed through the Company Profiles method.

• Entities related to the company like the full family tree can also be retrieved by using the Corporate Linkage method.

When accessed from a digital journey, the Dun and Bradstreet Connector allows financial institutions or creditors to verify a company's creditworthiness. It can be further enhanced via FintechOS Studio adapting it to business requirements. The result is a fully functional and personalized searching tool that collects the needed information in a few steps.
The Dun and Bradstreet Connector can be added to a digital journey to help simplify the search process in the following operations: collecting general information about companies, their legal representatives such as administrators or stakeholders, or analyzing companies' detailed profiles.

Business Pain Points

The Dun and Bradstreet Connector is aimed at resolving some of the pain points when looking up addresses:

• searching for valid company information can be time consuming

• requires verified and updated information

• little time to analyze the data found

Key features

Once integrated in a digital journey, the Dun and Bradstreet Connector solves these pain points by offering a simple way to collect the needed data.

• Easy to use. Financial institutions can easily add it to a digital journey and simplify SME onboarding processes or loan origination operations

• Time-efficient. Data no longer needs to be added manually.

• The retrieved information is verified and structured.