Use Cases
Data is invaluable for both individual and business uses. Nowadays data are scattered across the internet and difficult to access. Built upon machine learning and natural language processing, Sophtron automates the data aggregation process for the first time without human intervention.
Banking
ACH Deposits and Withdrawals
Sophtron provides the account number and routing number needed for ACH transactions for every bank and credit union in the United States and Canada. Simply embed the widget in your application and you will have all the data you need to make deposits or withdrawals using the ACH network.
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Crypto Exchange Migration
Cryptocurrency Exchanges use Sophtron to display user balances in other cryptocurrency exchanges. This gives the user a single place to see all of their holdings and also gives the exchange insight into their competitors and provides a natural starting point for users to migrate their funds.
Banking and Cryptocurrency Exchange Integration
Banks use Sophtron to allow customers to connect their cryptocurrency exchanges such as Coinbase and Kraken. This creates a more complete view of the customers financial life and allows banks greater insight into the cryptocurrency products and services they should develop to serve their existing customers.
Wealth Management
Services such as Fidelity can allow customers to connect their relevant accounts such as Chase, Robinhood and Mass Mutual to gain a better picture of their customers financial situation to provide more informed and accurate guidance.
Streamlined Onboarding
Instead of asking users to manually enter data, some fintech apps use Sophtron as the first step when onboarding a new customer. By simply connecting the bank account, the name, email address and other relevant data is automatically retrieved.
Identify and Fraud Prevention
When applying for a loan or attempting to execute a payment it is critical to eliminate impersonators. Unfortunately this often results in false positives where consumers are prevented from accessing products at the very end of an expensive sales funnel. By allowing consumers to connect additional accounts, their identities can be positively confirmed with minimal hassles.
First A.I. driven data aggregator,
Sophtron maximizes reliability at the lowest cost.
Sophtron guarantees at least 99.9% availability of the API service,
and
the highest data fill rate across the industry.