Process automation: when fintech data aggregation companies act as suppliers, they supply data in real time that are as up to date as possible.Aggregation of banking data increases the control people have over the portfolio dedicated to saving this cash. Control of cash assets: some entities facilitate financial products for their customers dedicated exclusively to savings.In allows them to manage their expenses better. It includes all the movements of their accounts and the final destination of their money. It provides real knowledge of investment and consumption habits: the aggregation of financial data brings gives customers a more accurate knowledge of how they invest and manage their money.This gives a comprehensive vision and has advantages for management.
It provides a general overview: when you have an extensive investment portfolio it can become difficult to get a comprehensive idea of your own financial situation, unless the whole picture is available in a single space.There are many practical reasons why the aggregation of financial data is a formula for generating benefits, largely because it is useful for customers (whether individuals or companies) that have a diversified investment portfolio: These great volumes of data, grouped together into a kind of single portfolio, can serve as a launch pad for companies and banks to generate income. The idea is simple: all the personal and banking data of a customer is available in a single space, which makes it much easier to consult information and operations of all kinds. The aggregation of financial data has become a great business for some companies in the fintech market. These companies' APIs give entities access to new markets and new customers and there are many practical reasons why the aggregation of financial data is a formula for generating benefits, largely because it is useful for customers that have a diversified investment portfolio. The aggregation of financial data has become a great business for some companies in the fintech market, that collect and store bank data: information on accounts, transactions, credit-card operations, loans, investments.