ForwardAI this week announced a partnership with FinTech Automation.
Vancouver-based ForwardAI provides aggregated access to accounting and business data and analysis. FinTech Automation, based in Texas, allows fintechs and traditional financial institutions to offer various embedded finance and banking-as-a-service products.
Through the partnership, FinTech Automation will adopt ForwardAI’s API for access to a suite of accounting data platforms for its clients.
“In moving from the information to the digital age, how information moves and is processed is as important as the data itself,” says David Park, founder of FinTech Automation. “As an OEM partner to FinTech Automation’s platform, ForwardAI empowers our clients by offering cost-effective and seamless integration to access accounting data.”
The partnership enables FinTech Automation to leverage ForwardAI’s Precise API to access critical financial data points and analysis from 17 accounting software companies.
ForwardAI’s API is integrated with Fintech Automation’s AccelerationCloud, a middleware engine that integrates its UniFi platform with 30 third-party partners.
“We’re thrilled to partner with FinTech Automation, which shares our vision of providing an intelligent, embedded finance ecosystem for financial institutions, lenders and fintechs to better serve their clients,” added Nick Chandi, CEO of ForwardAI. “As traditional methods of data collection and access are becoming increasingly obsolete, open finance technology provides a more reliable, seamless alternative for both financial institutions and their clients.”
ForwardAI will showcase its technology and capabilities at Money 20/20 USA in Las Vegas from October 23 through 26 at booth 1245. The company was a Finalist for Excellence in Technology Innovation at this year’s Technology Impact Awards.
Over the summer, ForwardAI struck a similar partnership with New York’s Swoop Funding, a business platform to discover funding solutions across loans, equity, and grants.