- Managing your cash accounts can be a breeze when retrieving data real-time through APIs -

Whether you are operating in the retail, corporate or institutional field, you realized that the pandemic has caused a shift to e-commerce and an increase in online transactions. Your business is likely orchestrated through various bank accounts, each with a different purpose for use but implying multiple transactions going in and out.

Managing cash distributed across accounts might be cumbersome. Currently, manual queries to be performed across multiple accounts in the online banking are time-consuming and imply wait times and dependencies on batch runs or cut-off times, meaning there is reduced transparency on the intra-day account balances. Moreover, limited visibility might lead to delays in time-sensitive daily cash and treasury management operations.

That's where Cash Accounts APIs come into play, enabling you to retrieve real-time transactions and balances across your accounts. 

APIs facilitate the process of monitoring balances across multiple accounts by providing a consolidated overview of cash data across accounts displayed in one single place and easily accessible from the online banking.

For example, this allows to identify the need for account transfers during the day, making sure that there is money where it is needed, as well as preventing undesired effects of negative interest rates when the balances can be managed more efficiently.

Now you can automate the entire data collection process through APIs, thereby increasing the accuracy of your reconciliation activities as well as freeing up time and resources to be allocated to analysis rather than data queries.

Moreover, you get full control on the granularity of data to be retrieved and this is value-added to improve the efficiency of operational processes. In fact, you can set the parameters for the query to be performed through the API and receive the account transaction details and account balance data for a specific date range.