Company News
FinGoal + Quiltt: Transaction Enrichment Partnership
FinGoal, a leading provider of advanced transaction enrichment solutions, is excited to announce a strategic partnership with Quiltt, the innovative unified API platform for open banking. This collaboration marks a significant step forward in simplifying financial data management and enhancing user experiences across financial applications.
By integrating FinGoal’s cutting-edge transaction enrichment capabilities with Quiltt’s comprehensive API, innovators and builders will now be able to offer their users a more insightful and personalized financial experience, across any of the open banking data access providers Quiltt supports.
David Nohe, CEO of FinGoal, expressed enthusiasm about the partnership, stating, “We love working with Quiltt. Our friends at Quiltt have made this really beautiful API layer that allows the developer to link and connect to just one single unified API and then orchestrate the way that the data moves through. So no matter which users are linking through which aggregator, all of that transaction data can then be funneled through FinGoal to clean it up, normalize it, determine what the customer needs next – without having to build any extra integrations. That’s the real magic of Quiltt.”
Ruben Izmailyan, CEO of Quiltt, echoed these sentiments: “The FinGoal team is solving a huge problem in the financial data space by turning transaction data - the lifeblood of modern fintech experiences - into actionable context and signals. What’s really magical about FinGoal is the Profile-level insights - imagine being able to tell if your user may be shopping for a car, or that they like to travel internationally - without having to build sophisticated models in-house - available out of the box, just from their transaction data, no matter where it comes from.”
The partnership between FinGoal and Quiltt is set to bring about a transformation in how financial data is accessed, interpreted, and utilized, making it easier for users to gain valuable insights into their financial habits and make more informed decisions.
Financial service providers using the Quiltt platform can now seamlessly integrate FinGoal’s transaction enrichment features, offering their customers an unparalleled financial management experience that is both comprehensive and easy to use.
To learn more about this powerful partnership and the future of data access platforms, join us for a webinar on April 25th. We'll discuss the benefits of this collaboration and how it can streamline your fintech solutions. Register here: The Future of Fintech: Simplifying Data Access and Streamlining Your Solutions
About FinGoal
FinGoal is a leading financial technology company specializing in providing advanced transaction enrichment solutions. By leveraging artificial intelligence and machine learning, FinGoal helps financial service providers offer their users detailed and actionable insights into their spending habits, facilitating better financial decision-making.
About Quiltt
Quiltt is a cutting-edge financial technology company offering a unified API for financial services. Designed to simplify the integration of diverse financial data sources, Quiltt empowers developers and financial service providers to build innovative and user-centric financial applications, enhancing the overall user experience.
Frequently Asked Questions
What aggregators and enrichment providers does Quiltt support?
Quiltt partners with leading data aggregators and enrichment providers, including MX, Finicity, Akoya and more. You can choose one or multiple providers to optimize coverage and capabilities based on your specific needs.
What are common use cases for aggregation in FinTech products?
Aggregation powers features like personal finance dashboards, income verification, credit modeling, cash flow analysis, and lending decisions. It also enables smoother onboarding and faster user activation by reducing manual data entry.
What advantages does Quiltt offer over direct provider integration?
Quiltt significantly reduces the complexity and resource investment required to leverage open banking data:
- Single Integration: Instead of building and maintaining multiple provider integrations, you integrate once with Quiltt.
- Unified API: Access data from any provider through one consistent API, eliminating the need to handle provider-specific data formats.
- Provider Optimization: We automatically route users to the best provider for their specific bank, improving connection success rates.
- Cost Efficiency: Benefit from our aggregated buying power and avoid minimum monthly commitments with individual providers.
- Faster Time to Market: Launch in weeks instead of months with our pre-built components and comprehensive SDKs.
- Simplified Operations: One contract, one integration, one support team, and one bill - dramatically reducing the overhead of managing multiple vendor relationships.
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