RapidRatings announced the release of a new application programming interface (API) suite providing financial risk analysis for clients and partners that can be integrated into existing in-house or third-party platforms.
The Risk Management API allows businesses to increase productivity and risk transparency, scale credit and risk management processes, and develop custom insights and analysis capabilities.
Businesses today demand high volumes of financial ratings insight and analysis scenarios to manage changing risk profiles for tens to hundreds of thousands of third parties.
The Risk Management API suite automates the data entry and data extraction processes to support a new level of automation, ratings insight, and financial analysis capability.
Clients and partners looking to integrate Financial Health Ratings analysis within their in-house systems or other risk management systems will be able to automate workflow and run risk management scenarios for their counterparties.
“Secure, instant, and efficient access to financial health data is a key requirement for our clients,” said Douglas Cameron, President and Head of Product.
“As our clients’ risk management processes become more mature, we’re focused on helping them achieve accuracy and scale by embedding the Financial Health System seamlessly into their current systems and workflows. We’re providing instant access to the analysis and tools our client and partners need to gain new insights into their relationships with their vendors and suppliers.”
The RapidRatings Risk Management API suite includes:
- FHR Generator API – Communicate high volumes of counterparty data from in-house spreading and origination systems to the Financial Health System and generate FHRs and other financial health indicators.
- Portfolio Health API – Access FHR data and other financial performance indicators for public and private companies. Integrate financial health indicators with internal risk management processes, systems, and dashboards for access to financial health information in real-time.
- Financial Analysis API – Access the financial data (balance sheet, income statement and cashflow statement) for public and private companies. Financial analysis, spend concentration, ratio analysis, and other scenarios can be automated to enhance risk-based decisions making.