Railz provides a single API that integrates with major accounting software, enabling real-time access to normalized financial data for small and midsize businesses. This solution eliminates manual data entry and streamlines financial decision-making processes for financial institutions, fintechs, and developers.
Funding
Funding not disclosed
TFFounders
Product
Problem
Financial institutions, fintechs, and developers face challenges in accessing real-time, normalized financial data from small and midsize businesses. Manual data entry and disparate systems hinder efficient financial decision-making and personalized solution creation.
Solution
FIS® Accounting Data as a Service™ (formerly Railz) provides a financial data API that enables real-time access to normalized financial data from various accounting, banking, and e-commerce systems. The API streamlines data integration and retrieval, eliminating manual data entry and paperwork. It allows financial institutions to make informed decisions, fintechs to integrate quickly, and developers to build integrated solutions for their SMB customers.
Target Audience
The primary target audience includes financial institutions seeking better support for their business customers, fintechs aiming for rapid integration, and developers building integrated solutions for small to midsize businesses.
Features
- Single API connection to major accounting service providers, including Dynamics 365 Business Central, FreshBooks, Oracle NetSuite, QuickBooks, Sage, Xero, Wave, and Zoho Books
- Real-time access to financial transactions, reports, analytics, and insights
- Automated data gathering and normalization using proprietary machine-learning models
- Plug-and-play widget for secure customer authentication and data connection
- White-labeled front-end interface (Sites) for no-code data collection
- Analytics tools for credit scoring, business valuations, and financial benchmarking
- Visualization SDK for building customized financial dashboards
- eCommerce Integration for connecting to Shopify and Square accounts
- Comprehensive dashboard for platform usage, financial data, and business performance insights