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IF CONNECT, a new application developed by startup Integrated Finance, enables financial services companies to bring products to market faster than ever before by automating the connections between the banks, compliance tools and other applications. The unique solution will significantly reduce development costs and drive innovation for businesses such as money exchange firms.
“Financial businesses wanting to expand their portfolio are faced with an increasing number of difficult integrations to build and manage - we set out to solve this problem,” says founder Daniel Cronin, who launched Integrated Finance in October 2020, having previously run an E-money firm in London.
IF CONNECT makes it easier than ever to connect financial technology with banks, simplifying the orchestration layer. Users can integrate existing providers, quickly work with new suppliers, and properly manage an expanding network. This saves time and money, and means businesses significantly increase speed to market, compared to undertaking this in-house. Free time can then be dedicated to more value added innovations.
“A lending or money exchange business for example can easily build and launch new financial products without the headache of developing the connections, which are always different,” he says. “We have put huge development resource behind making these connections and believe this is the first time that any business has focused specifically on simplifying the integration process in the fintech market.”
IF CONNECT is a good starting point for businesses going through digital transformation and wanting to expand their network efficiently and quickly. The system automates workflows and eliminates manual intervention so businesses can harness auto-reconciliation. Regtech, AML, KYC/KYB or due diligence compliance tools can quickly be set up to talk to the banks and other software securely.
“Maintaining these connections and integrations is a big unseen problem and cost for the financial services sector, but IF CONNECT overcomes this too,” says Daniel. “After the connections are made and the systems are live, IF CONNECT automatically takes care of maintaining the connections, even when the banks change the APIs, saving businesses yet more time that would otherwise be lost to development.”
To book a demo of IF CONNECT or learn more about pioneering startup Integrated Finance, visit https://integrated.finance/.
17.
November
2020.
Fintech startup brings first automated integration solution to financial sector
Fintech startup brings the first automated integration solution to financial services
IF CONNECT, a new application developed by startup Integrated Finance, enables financial services companies to bring products to market faster than ever before by automating the connections between the banks, compliance tools and other applications. The unique solution will significantly reduce development costs and drive innovation for businesses such as money exchange firms.
“Financial businesses wanting to expand their portfolio are faced with an increasing number of difficult integrations to build and manage - we set out to solve this problem,” says founder Daniel Cronin, who launched Integrated Finance in October 2020, having previously run an E-money firm in London.
IF CONNECT makes it easier than ever to connect financial technology with banks, simplifying the orchestration layer. Users can integrate existing providers, quickly work with new suppliers, and properly manage an expanding network. This saves time and money, and means businesses significantly increase speed to market, compared to undertaking this in-house. Free time can then be dedicated to more value added innovations.
“A lending or money exchange business for example can easily build and launch new financial products without the headache of developing the connections, which are always different,” he says. “We have put huge development resource behind making these connections and believe this is the first time that any business has focused specifically on simplifying the integration process in the fintech market.”
IF CONNECT is a good starting point for businesses going through digital transformation and wanting to expand their network efficiently and quickly. The system automates workflows and eliminates manual intervention so businesses can harness auto-reconciliation. Regtech, AML, KYC/KYB or due diligence compliance tools can quickly be set up to talk to the banks and other software securely.
“Maintaining these connections and integrations is a big unseen problem and cost for the financial services sector, but IF CONNECT overcomes this too,” says Daniel. “After the connections are made and the systems are live, IF CONNECT automatically takes care of maintaining the connections, even when the banks change the APIs, saving businesses yet more time that would otherwise be lost to development.”
To book a demo of IF CONNECT or learn more about pioneering startup Integrated Finance, visit https://integrated.finance/.
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ABOUT INTEGRATED FINANCE
Integrated Finance helps build, expand and manage financial infrastructures, quickly, easily and at a low cost. The company launched in October 2020 with the introduction of both IF CONNECT and IF CORE, the first time that any business has focused on simplifying the integration process in the FINTECH market.
Integrated Finance was created to solve a problem the founders (Alistair and Daniel) experienced running an E-money firm in London – increasing numbers of difficult integrations to build and manage as the business expanded.
Integrated Finance helps build, expand and manage financial infrastructures, quickly, easily and at a low cost. The company launched in October 2020 with the introduction of both IF CONNECT and IF CORE, the first time that any business has focused on simplifying the integration process in the FINTECH market.
Integrated Finance was created to solve a problem the founders (Alistair and Daniel) experienced running an E-money firm in London – increasing numbers of difficult integrations to build and manage as the business expanded.