Confirmation APIs: Your Exclusive Efficiency Upgrade
- 3 minutes read
Watch our recent webinar to learn the advantages of three Confirmation Application Programming Interfaces (API) offerings, including improved efficiency, security, and scalability.
This webinar was hosted by Mohamad Khanafer, Senior Product Manager and API lead at Thomson Reuters Confirmation. His experience includes regional and global integrations with financial institutions, accounting firms, and third-party applications.
You’ll hear about success stories from financial institutions that have implemented these APIs, achieving significant reductions in workload and response times. The presentation concludes with an explanation of the integration process and how interested parties can get started with Confirmation API implementation.
About Confirmation
Confirmation has more than 4,500 financial institutions in our network and supports 11 languages worldwide. More than 150 financial institutions use Confirmation APIs to automate their workflows and save time, including all of the top 5 US banks.
In fact, 31% of all Confirmation requests worldwide are processed automatically with our APIs.
Security Standards
Confirmation exceeds industry security standards and maintains a commitment to compliance with audit and technology regulatory bodies. The company undergoes twice annual SOC 1 and SOC 2 audits and multiple penetration tests per year. Plus, Confirmation has a dedicated team to assist with security reviews and answer any security-related questions.
Our API offerings
AutoProcess API
The Confirmation AutoProcess API allows you to receive requests sent to your financial institution, map to internal client identifiers and securely send responses back to auditors. This automation dramatically reduces workload, improves accuracy, and helps you meet client SLAs more effectively.
One bank that adopted AutoProcess API reduced response time by 29% despite doubling their request volume, and another bank reduced workload by 74%.
Interactive Brokers achieved a 94% auto-confirm rate with a response time of less than a day, handling 52% more requests without adding staff.
Learn how much time and money you could save with our interactive Return on Investment calculator >
Request Activity API
This reporting API allows financial institutions to use Confirmation as a data source for custom reports and analytics. It can provide data for up to 31 days at a time and can be integrated with tools like Tableau or Power BI for real-time dashboards. It enables the ability to download completed confirmation receipts for data retention and compliance purposes.
Completed Response API
Our newest API helps you report on all in-app messaging, ensuring compliance with federal securities laws and internal data retention procedures. Don’t risk getting fined by the SEC!
Integration Process and Support
The integration process for Confirmation APIs is streamlined, and can include a documentation review, technical discussions, sandbox testing, and production deployment. We provide a dedicated team of consultants to assist throughout the integration process and specialized customer support for API-specific issues.
Contact us today if you’re interested in a personalized demo, technical implementation consultation or just to ask some questions!