Each bank has its own data standards. Every API stream – from transactions to payments and trade finance – requires its own set of instructions running into hundreds of pages each. Building just one of these API connections can take years of work by dedicated IT specialists. Building multiple connections for multiple banks absorbs time and budget most companies are naturally reluctant to make. Necto leapfrogs development complexity, automatically normalizing all incoming data from your banks into one single, standardized format that is simple to connect to.
