Simplified Payment Solution
Published on Jul 12 2024
Overview
Client Location
USA & Canada
Industry
Financial Services
Need
Digital platform for invoice financing to improve credit risk and capital efficiency
Capitalnow is a financial service provider that helps businesses improve cash flow by purchasing unpaid invoices. This service enables companies to access funds quickly, reducing the stress of delayed payments and allowing them to focus on growth. With fast approval times and direct bank transfers, Capital Now makes it easier for businesses to manage their finances without waiting on extended payment terms. The company also offers integrated accounting support, making the process seamless for their clients.
Challenges
Transforming trade finance processes digitally and integrating with FinTech APIs were significant challenges. Creating user-friendly mobile and desktop applications while improving credit risk assessment and capital efficiency required a robust solution.
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Transforming trade finance processes digitally.
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Integrating with FinTech APIs
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Providing consumer-facing mobile and desktop applications.
Solution
Fintegration built a web application for financial planning and management, integrating financial data from Plaid Banking, Yahoo! Finance, and investment data, ensuring real-time updates and insights.
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Digital Platform Development: Created a digital platform specifically for trade finance management.
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API Integration: Integrated multiple APIs to enhance the platform’s functionality and connectivity.
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User-Friendly Applications: Developed intuitive applications for both desktop and mobile users, ensuring ease of use across devices.
Components
Impact
Credit Risk Analysis
Improved credit risk assessment.
Optimized Capital Utilization
Increased capital efficiency
Seamless User Access
Enhanced user experience with accessible applications.
Technology Stack
React
Node.Js
Apigee
Postgre
SQL
