The partnership addresses must provide SMEs with the most relevant financial products in this very dynamic economic environment.
DOYLESTOWN, Pennsylvania, October 6, 2021– (BUSINESS WIRE) – Powerlytics and Railz have teamed up to provide banks and fintechs with a powerful new benchmarking product via more granular and actionable data to better support the success of small and medium business customers. As part of the deal, Railz will integrate Powerlytics proprietary business financial data covering the complete financial statements and performance ratios of 30 million US companies to augment its core API and Accounting Data-as-a- platform. Service ™.
“The growth of fintech and the open banking space, along with the impacts of the COVID-19 pandemic, have made it even more difficult for banks and fintechs to forecast the financial needs of the small businesses they serve. Says Kevin Sheetz, Powerlytics co. -founder and CEO. “Railz’s elegant API integration offers a powerful opportunity to help banks and alternative lenders leverage the value of Powerlytics’ business financial data, which is the most accurate, granular and comprehensive source on the market. .
The integration between Powerlytics and Railz allows banks and fintechs to access a detailed financial profile of their business customers, as well as the corresponding performance opportunities based on benchmarks of their customers’ competitors. Together, Powerlytics’ data and the Railz platform help financial services companies build deeper and more impactful relationships with their business customers by better understanding their competitive landscape, delivering more relevant financial products, and creating the models. Most Effective Credit Cards to Improve Small Business Lending Decisions.
“Our partnership with Powerlytics will enable banks and fintechs using the Railz platform to deliver the most relevant products and services that will best help fuel the growth of their business customers,” said Sohaib Zahid, co-founder and CEO by Railz.
Powerlytics provides the most comprehensive, accurate and granular consumer and business financial data available in the United States. of the more than 200 million adults and 30 million businesses that make up the US economy. Large U.S. corporations and financial services providers use Powerlytics data to stay at the forefront of frictionless predictive analytics, verification and estimation of consumer and business income, manage risk with individual and individual clients and portfolios, discover potential markets, develop digital marketing campaigns, benchmark performance, improve target marketing of businesses and consumers. Visit www.powerlytics.com for more information.
Railz is building the largest financial data network to support the future of finance. Railz is the only financial data as a service solution that connects, standardizes and provides information and analysis on financial data from leading accounting service providers. We do this to support our financial service providers, financial institutions and fintechs, and empower them to make decisions faster and more efficiently for their business and small business clients. In Toronto, Canada, our fintech company recently expanded our A-Series to scale our accounting data-as-a-service platform.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211006005178/en/
Head of Strategic Partnerships