Application Programming Interfaces (APIs)
Application Programming Interfaces (APIs) connect customer identification software with monitoring tools, or risk and threats identification tools with customer risk profiles.
An API will generate alerts or alter risk classifications as relevant.
This can:
- Improve the interoperability between traditional banking data, moving away from siloed systems with fragmented frameworks.
- Increase automation and optimise resources and output accuracy.
- Supply an aggregated and normalized data feed, helping to build a more complete risk
profile for new customers.
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