NEW YORK--(BUSINESS WIRE)--RapidRatings, the leader in financial health analytics, today announced the release of a new application programming interface (API) suite providing automated, secure financial risk analysis for clients and partners that can be seamlessly 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 advanced custom insights and analysis capabilities.
Businesses today demand high volumes of financial ratings insight and more sophisticated analysis scenarios to manage constantly changing risk profiles for tens to hundreds of thousands of third parties. The Risk Management API suite automates the traditional 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 increasingly complex 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 - Seamlessly communicate high volumes of counterparty data from in-house spreading and origination systems to the Financial Health System and instantly generate FHRs and other financial health indicators.
- Portfolio Health API - Access current and historical FHR data and other key financial performance indicators for public and private companies. Integrate financial health indicators with internal risk management processes, systems, and dashboards for access to critical financial health information in real-time.
- Financial Analysis API - Access the underlying, historical financial data (balance sheet, income statement and cashflow statement) for public and private companies. Detailed financial analysis, spend concentration, advanced ratio analysis, and other custom scenarios can be automated to enhance risk-based decisions making.
RapidRatings® is transforming the way the world’s leading companies manage enterprise and financial risk. RapidRatings provides the most sophisticated analysis of the financial health of public and private companies in the world. The company’s analytics system provides predictive insights into third-party partners, suppliers, vendors, customers and securities issuers. Every business conversation becomes more productive, transparent and efficient with the RapidRatings’ Financial Health System. For more information, visit www.rapidratings.com.