Compare Nordigen vs Nomics API

Nordigen 17 Financial Services	Nomics API 0 Financial Services
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Crozscore 90% what is this? User Happiness: 98% Press Buzz: 46% User Trend: interest falling	Crozscore 84% what is this? Press Buzz: 57% User Trend: no significant changes
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About Nordigen Nordigen is an open banking (Transaction Data API) platform with a suite of products that helps companies in building financial applications which can interact with bank accounts and automatically gain insights to add value to the data. With just one API call you can identify basic identity information or get a detailed income overview for that person, including data points like projected income and income stability. Our platform helps banks, lenders and fintechs to develop apps that easily sync with customers bank account data, speed up the customers onboarding process, verify your customer identity, use cleansed data from bank statements to make informed decisions. Our clients are Banks, Lenders, Fintechs and companies from other industries who use Nordigen to make improvements in risk assessment of borrowers, check the amount of income, verify identity, improve customer onboarding and different other use cases. One of our clients is BigBank, who is a lender in several European countries, with Nordigen has improved their bank statement analysis speed one hundred times. By using Nordigen API, other companies have successfully increased their lending volumes, increased loan acceptance rates, overall efficiency and revenue. Benefits Overview of the Nordigen products: Transaction Categorisation High-quality data Transaction Categorisation engine can recognize 150+ income and expense transaction categories. Precise transaction categorisation provides data teams with high-quality data for analytics. The output is easily customisable, allowing it to be tailored for specific internal or regulatory requirements. Account Aggregation All-in-one integration for advanced customer journey Data Aggregation is the mechanism by which users provide their consent for us to retrieve their banking information on your behalf. It is a hosted web UI (widget) that allows a user to search for their financial institution, select it, provide consent to share the data you require, and then log in with their credentials - allowing us to fetch their data. Nordigen does not provide proprietary aggregation services but we partner with multiple global data aggregation companies which allow us to offer global coverage. KYC Simple procedure to reduce fraud KYC makes use of open banking data to verify identities. Customers’ information can be retrieved easily, allowing you to save time on identity checks.Gain additional information about customers, such as geolocation for more thorough customer identification. Income Insights Evaluate thin-file customers Income Insights accurately identify income sources. The income definition can be easily tailored to suit different requirements. Use it to assess the information beyond a credit report, thus understanding the true creditworthiness of your customers. Loans Insights Loans Insights allow identifying all incoming and outgoing loan payments, including loans not registered at credit bureaus. Scoring Insights Credit scores Built from transaction data, credit scores are proven to be highly predictive and stable over time. Credit scores can be tailored for optimising both approval rates and default rates. Marketing Insights Customer segmentation Identify which client segment your customers belong to based on their transaction data. Marketing insights distinguish 10 customers segments that help you target your clients with relevant and timely offers. Customer transaction data contains valuable information about the brands they consume. When properly categorised, these insights can help financial institutions target them with relevant and timely brand offers. Nordigen's Marketing Insights distinguish numerous brand affiliations. Risk Insights Recognize high-risk behaviour Risk Insights help to assess the information beyond a credit report, thus understanding the true creditworthiness of your customers.When combined with other data sources, Risk Insights can help to optimize approval and default rates, and other scoring metrics. Identify behaviours that are often regarded as risky and use this information to improve your scoring models.	About Nomics API Nomics' free (and paid) crypto exchange data API comes with dozens of endpoints, including endpoints that return sparkline, exchange rate, all-time high (ATH), and supply data. Also included are historic candle/OHLC data for cryptoasset trading pairs on exchanges like Bithumb, Binance, Bittrex, Bitfinex, Bitflyer, Gate.io, Coinbase Pro/GDAX, Gemini, HitBTC, Kraken, and Poloniex. Finally, the API’s free tier also allows fintech developers to programmatically retrieve current and historical prices of cryptoasset tokens like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). One notable difference between Nomics’ API and competition is that the Nomics product has no rate limits. For example, CryptoCompare and CoinMarketCap’s APIs all limit the number of application programming interface calls that can be made per minute, whereas Nomics does not currently impose such limits. “Right now, as far as I know, we’re the only cryptocurrency and bitcoin price API that has normalized historical raw trade data,” said CEO Clay Collins. Collins is fond of noting that Nomics is an “API-first company.” “We actually created our crypto market data API prior to creating the front-end website for Nomics,” says Collins, “and Nomics uses the exact same free API that our customers use.” In other words, the developers of the Nomics website don’t have special access to Nomics’ market database but instead uses the API to build their crypto price aggregation website. The company insists that because they make money from their API—rather than their website—that users are not officially competing with Nomics if using their API. “Use our API to compete with CoinMarketCap, CryptoCompare, OnChainFX, Nomics or anyone else... you’re only really competing with us if you’re competing with our API” claims Collins. In addition to their free plan, which is great for pricing websites and apps (and high-latency tooling for portfolio or price management) Nomics also offers paid API access for enterprises and funds who need high-fidelity, normalized, primary-source and gapless raw trade/tick data and order book data. According to the company’s website, the paid plan is great for funds, family offices, and professional traders who are: (1) doing deep analysis that requires as many data points as possible (i.e. tick data vs. candlestick/OHLC data), (2) creating new aggregate pricing methodology, (3) creating custom OHLC candles, (4) need low-granularity data for training machine learning models, or (5) need to backtest trading algorithms. The paid plan is also a fit if service level agreement (SLAs), uptime guarantees, and contracts are needed.
Features 2-Factor Authentication API Batch Permissions & Access Customer Management Data Export Data Import External Integrations Multi-Currency Multi-User Notifications BitCoin PayPal Stripe	Features 2-Factor Authentication API Batch Permissions & Access Customer Management Data Export Data Import External Integrations Multi-Currency Multi-User Notifications BitCoin PayPal Stripe
Summary Transaction Categorisation Calculate income stability, regularity and trend. Depicting tendencies and estimations of overall liabilities Calculate the probability of a customer to default on a loan, based on patterns identified in the transaction data. Generate data points that are associated with high-risk behavior, using bank account data. KYC Account Aggregation	Summary All trades and orders on 10+ cryptocurrency exchanges Historical aggregate cyrptocurrency market cap since January of 2013 Candle/OHLC data for currencies & exchanges Near real-time latency No API rate limits Gapless and normalized raw trade data Price, market cap, supply, and all-time high data World class API documentation and code samples in Python, Javascript, and Ruby Uptime and response time guarantees through Service level agreements (SLAs) Rapid customer support turnaround times
Pricing Self-Service $57.00 per 100 file uploads Included in plan: Account Aggregation Transaction Categorisation Income Insights Loan Insights KYC Risk Insights API integration Enterprise pricing Included in plan: Account Aggregation Transaction Categorisation Income Insights Loan Insights KYC Credit Scoring Risk Insights API integration Credit Scoring User management and roles Integration assistance Premium support Enterprise-level SLA	Pricing App Developers Free Included in plan: No Rate Limits Candle Data for Currencies & Exchanges Sparkline, Exchange Rate, ATH, & Supply Endpoints Funds $500.00 1 user(s) / month Included in plan: No Rate Limits Candle Data for Currencies & Exchanges Sparkline, Exchange Rate, ATH, & Supply Endpoints Gapless & Normalized Raw Trade Data Order Book Data Enterprise 1 user(s) / year Included in plan: No Rate Limits Candle Data for Currencies & Exchanges Sparkline, Exchange Rate, ATH, & Supply Endpoints Gapless Raw Trade Data Order Book Data Custom Features Integration Support Services Included SLAs Support
FAQs No FAQs associated with this application.	FAQs No FAQs associated with this application.
Vendor Information Founded: - Based in: - Employees: - Likes: Followers: 716	Vendor Information Founded: - Based in: - Employees: - Likes: Followers: 27.2k
Other Who uses Nordigen Startups SMEs Enterprises Languages: English Regional Restrictions: No restrictions.	Other Who uses Nomics API Startups SMEs Enterprises Desktop Platforms: Web App Languages: English Regional Restrictions: No restrictions.