MARKETWARE AND RAILZ TEAM UP!
17 February 2021
Red Bank NJ, USA and Toronto ON, Canada— Wednesday, February 17, 2021
Marketware International and Railz, announced today a collaboration to market Railz’s Accounting Platform to Fintech companies and Financial Institutions. Railz is fundamentally changing access to financial data. Railz solves the challenges in the massive SME market segment by providing an API based platform to financial innovators, enabling them to better service their customers.
“We are combining accounting data and automation to unlock an entirely new value exchange between SMEs and their FIs by aggregating and enhancing the data required to make financial decisions. Said Sohaib Zahid, CEO and Co-Founder of Railz. “While there are many players who focus on collecting data across various accounting packages, the challenge of understanding what the data actually means, and how to categorize it, continues to be a major hurdle for the users of this information. Railz’s data normalization solution, coupled with our insights and analytics engine, is the secret sauce that can address this challenge – and tackle it more accurately and quickly than any other service offering in market."
“Marketware International welcomes Railz to the Marketware OneWorld Ecosystem. With a strong technology position in the financial services industry, our extensive market experience enables us to help pioneer Railz’s data management platform and tools to the marketplace said Jose Pierre CEO of Marketware International. Railz’s approach facilitates access through a SaaS delivery model. The integration to third party accounting and financial systems, makes Railz a groundbreaking one-stop service with, auditable reporting to help Fintechs, internal technology teams of a Bank or Financial institution with a single API to get to Accounting data quickly and cost effectively.”
“Now more than ever, banks have to meet an array of Accounting requirements said Jose Pierre“ We see an urgency among banks to digitize their SME products amid the closure of branches due to the COVID-19 Pandemic. Financial data is thus vital to underwriting methods and Railz is equipping the banks to get this info with “one-click”.