July 25, 2021
After the end-users successfully connect their financial account to your app, the raw transaction data will be retrieved. The Transaction & Balance Summary API works as a set of algorithm to process the raw data into summary data: total income, total expense, income source, expense destination, daily balance, and average balance.
Here’s how your fintech can benefit from Transaction & Balance Summary API:
Easily retrieve end-users’ transaction summary
Get insights on end-users’ income, expense, and balance to assess their financial profiles better.
No extra step needed
Eliminate tedious process of cleaning raw data to access transaction details — no need to build complex algorithm.
Large bank connections
Brick is connected with top individual and corporate bank accounts, making it easier to get a comprehensive view of users’ financial health.