Validis Announces New DataShare Product Line

2018-12-20T08:30:36+00:00Categories: Press Release|

Financial data sharing and standardization technology company releases DataShare technology to enhance the SMB lending process 

AUSTIN, Oct. 8, 2018 – Validis, a pioneer of financial data sharing and standardization technology, has launched its DataShare product line, which features a suite of APIs (DataShare APIs) and an online portal to view the data (DataShare View).  DataShare provides financial institutions with fast, easy access to an SMB client’s financial data, direct from their accounting application, in a standardized format.

SMB borrowers benefit from quicker decisions and automation of the collection and transfer of their financial data to the lender. Likewise, lenders benefit from access to the borrower’s accurate, complete and current financial data, which provide greater insights, speeds decisioning and minimizes risk.

Validis connects to over 80 percent of online and offline accounting applications used by the SMB market and extracts the full transactional history.  The data is encrypted, interrogated for accuracy and standardized. No client configuration or data preparation is required for either the lender or the borrower. Borrowers’ complete financials are delivered into the lender’s credit system within minutes.

With DataShare APIs, lenders can receive the extracted data in the format they prefer. DataShare View, Validis’ intuitive online portal, allows lenders to easily analyze a standardized view of their customers’ uploaded financials.  Additional features include: upload scheduling tool, administrative control, data configuration, white labeling and the ability to download the data into Excel to drill down through multiple months, quarters or years.

“Validis’ DataShare products are changing how lenders speak with their clients.  DataShare allows lenders to gain a comprehensive view of an SMB borrower’s financial health and become a true partner to their customers,” said Joel Curry, CEO of Validis. “With our DataShare products, financial institutions can benefit from fast and easy access to clients’ financial data in a standardized format, allowing greater control and increased productivity during the SMB lending process.”

 

About Validis
Led by experienced and influential finance and technology experts, with headquarters in the United Kingdom and offices in North America, our mission is to be the place where businesses come to share financial data. Validis provides a data pipe for commercial lenders and accountants to their clients’ accounting application. The technology collects financial data from a business’ accounting application and transforms that data into a standardized format, empowering commercial lenders and accountants with fast and secure access to financial data. The system connects to online and desktop accounting applications used by 80 percent of the SMB market, and is currently used by 80 percent of the tier one banks in the U.K. and three of the big four accounting firms. For more information, please visit www.validis.com.

 

Follow Validis:

LinkedIn:         Validis LinkedIn
Twitter:            Validis Twitter
YouTube:        Validis YouTube

Media Inquiries:

Augusta Bauknight
augusta@williammills.com 
678.781.7214

Alena Roberts
alena@williammills.com
678.781.7232

###