Berlin, May 17, 2022 – Finanzmining introduces the new Embedded Insights functionality – enabling its customers to focus on what really matters.
Finanzmining, which is known for its accurate and detailed categorization with over 600 detail categories, takes the next step: In addition to data categorization and enrichment, customers can now get insights directly from financial data.
Several dozen predefined insights, such as the EBIT calculation for companies or the disposable income of consumers, are already available today. In addition, customers can define their own insights.
“From discussions with our customers, we know that we are providing an important building block in the context of financial analysis,” says Michael Kampe, COO and Co-Founder of the company. “In the future, customers will be able to focus on their core business – such as recommending products that are a perfect fit. We not only reduce effort, but also accelerate time-to-market.”
Finanzmining’s embedded financial data analytics enriches consumer and SMB financial data and provides real-time analytics based on it – for example, on existing contracts, financial obligations, future performance and future activities, and affinities with products and brands. This is done using an easy-to-integrate API interface.
Berlin-based fintech Finanzmining was founded in 2019 by Dr. Stefan Lang, former Chief Digital Officer of HypoVereinsbank, among others. It provides real-time consumer and SME insights based on their financial data via API and front-end components. Finanzmining thus enables banks and fintechs to create and launch innovative financial applications in the shortest possible time.
Michael Kampe, Co-Founder and COO