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, such as company verification in a loan origination operation, automatically fill-in data, and so on. In addition, connectors can have a significant role in a business's risk management process by providing easy access to databases where information regarding financial risks is stored.

KeysFin is a Romanian platform that stores information about over 2 million companies registered in Romania. In addition to company data, it provides information about the companies' legal representatives such as administrators or stakeholders. Details regarding the their internal systems are also found in their databases. By providing access to detailed company information, it helps financial institutions eliminate potential credit or commercial risks.
The FintechOS KeysFin Connector simplifies company verification processes by allowing financial institutions to easily add it to their digital journey and have access to the business's financial and legal data in a single source of truth. Once integrated to the digital journey, the API connector calls a number of REST APIs in order to retrieve the following data:

• The company's general information such as addresses, fiscal code, e-mail, web page, head office details, and others. For additional details, see the Company General Information page.

• The company group that it controls. For additional details, see the Company Group page.

• Information from Romania's National Trade Register Office. For additional details, see the RECOM Status page.

• Information from Romania's Electronic Archive For Security Interests in Movable Property. For additional details, see the AEGRM page.

• Information about legal cases regarding the company. For additional details, see Legal Cases page.

• The company branch locations other than the main office. For additional details, see the Company Branches page.

• Information about the company's shareholders and administrators. For additional information, see the Company Relations and the Company Relations Extended pages.

• Information about the company's financial situation, for example it's market share. For additional information, see the Company Sector Comparison page.

• Information about the company's real beneficiary, which is a person that owns thee company, or directly or indirectly controls it by owning more than 25% of the company's ownership rights. For additional information, see the Company Ultimate Beneficial Owner page.

• The company's financial data. For additional information, see the Company Financial Data page.

• Information registered in the Payment Incident Central. For additional information, see the Company Payment Incidents page.

• Information specific to the company's scoring, according to calculation methods similar to those in credit reports. For additional information, see the Company Scoring page.

• Information regarding insolvency bulletins published for the interrogated company in the last two years. For more information, see the Company Insolvency page.

When accessed from a digital journey, the KeysFin Connector allows banks and other financial institutions to collect and verify data from multiple databases. 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.

Business Pain Points

The KeysFin Connector is aimed at resolving some of the pain points when searching fraud KeysFin databases business data:

• searching for company data is time consuming

• requires verified and updated information

• limited time to analyze the data found

• manually inputting customer data can be costly and information is spread across multiple databases

• errors can occur when entering data manually

Key features

Once integrated in a digital journey, the KeysFin 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. The data no longer needs to be added manually.

• There are considerably fewer errors in the retrieved data.

• The retrieved information is verified, structured, and up-to-date.

• Single point of entry for a detailed search.