New Delhi, Feb: The Indian financial sector has undergone a significant transformation in recent years, thanks to technological advancements and regulatory reforms. Data is critical to breaking into the sector and gaining an advantage. Currently, data is growing at an unprecedented rate, making it crucial for businesses to effectively aggregate and analyze this vast amount of information about credit risk to make informed decisions.
The Indian financial sector has become increasingly data-driven, with companies leveraging advanced analytics and artificial intelligence to gain insights and improve their offerings. Nexensus’s API aggregator concept aligns perfectly with this trend, providing a comprehensive solution for businesses to access and utilize data from multiple sources seamlessly. As the demand for data-driven decision-making continues to rise in the Indian financial sector, Nexensus’s innovative approach is positioning it as a key player in driving industry growth and success.
Nexensus API aggregator model is particularly valuable in the finance sector, as it allows businesses to access and analyze this growing pool of data efficiently. This enables financial institutions to identify potential risks and opportunities more quickly, giving them a competitive edge in the market. By leveraging Nexensus API aggregator, businesses can streamline their credit risk assessment process and make more accurate predictions, ultimately improving their overall financial performance.
Speaking on the Advanced API Aggregator, Akanksha B. Dutt, founder of Nexensus, said,“Data is the key to unlocking insights and driving informed decision-making in the financial industry. With Nexensus advanced data solutions API, BFSI-CISO and NBFCs can gain a competitive edge by leveraging real-time data analytics to identify emerging trends and make proactive business decisions.”
By integrating data aggregation API’s into their systems, BFSI CISO and NBFC’s can access comprehensive credit data from multiple sources, providing a holistic view of their customers’ credit profiles, she added.
Recently, Founder Akanksha B. Dutt of Nexensus received the prestigious Business Excellence Award from the BRICS-CCI in the category of leadership for her exceptional leadership skills.
This recognition further solidifies Nexensus’ position as a leader in the industry and highlights its commitment to innovation and excellence. With Nexensus’s advanced data-led API solutions, BFSI-CISO and NBFCs can now not only access comprehensive credit data but also leverage real-time analytics to gain valuable insights into emerging trends, enabling them to make proactive business decisions and stay ahead of the competition.
Nexensus APIs and data science capabilities are widely applied across systems, including Early Warning Systems, Trade Finance, Loan Management Systems, Data Automation Systems, Vendor Management Systems, Cyber Fraud Management Systems, and Default Tracking Systems. Early Warning Systems (EWS) incorporate over 255 indicators to proactively identify potential risks and warning signals. Nexensus seamlessly integrates with existing systems through APIs or SFTP, enabling timely alerts and risk mitigation measures.
