All companies need to be responsive to new opportunities for business expansion whether from existing or new clients.
They need speedy, trustworthy, recommendations from credit departments that rely increasingly on automation to blend information from internal and external sources to accelerate decisions.
The mechanism for connecting computers together to exchange of information is called an applicationprogramming interface, or API. Even though it is automated, the data exchange takes place in more or less plain English. Computer A tells Computer B what information it is seeking and Computer B delivers its results.