Capital One Financial Corporation has recently announced a partnership with Intuit Inc. which will allow clients of Capital One who also use the suite of services of Intuit such as QuickBooks Online, Mint, and TurboTax. This will help them strongly import their financial information minus the need of disclosing login identifications.
The settlement with Intuit utilizes an application-programming interface (API) which enables Capital One customers to openly link their personal and small business credit card and other extra banking figures with Intuit. This deal will further enrich the interchange of customer data and also improve the user experiences.
Capital One Credit Card is one of products of Capital One Financial Corporation, the eighth-largest bank holding company in the United States.
In accordance with the newly released principles for protecting consumer-authorized financial data sharing by the Consumer Financial Protection Bureau, the direct data allocation API will help create a platform for consumers to exchange their financial data to any of their trusted partners in confidentiality.
"We know many of our customers actively use the Intuit suite of products, and we are excited to enable this partnership allowing customers to share their data in a way that is secure, transparent and under their control," Vice President of Enterprise Digital Products and Data Connections of Capital One Becky Heironimus, told reports.
"We look forward to building on this relationship to offer users new ways to access data and importantly, to continue enhancing the customer experience."
Intuit Executive Vice President and General Manager of the Strategic Partnership Group CeCe Morken added that. "We continuously strive to deliver a great experience for consumers, small-businesses and the self-employed. “
“Intuit products, such as Mint, TurboTax Online and QuickBooks Online, provide tens of millions of customers with an ecosystem of financial management solutions. Working through Capital One's API, our shared customers can be confident that they'll be getting simplified access to their account information so they can make informed decisions for themselves or their business."
With this direct data-sharing API partnership, clients from these two firms will have an advantage since they will have the power to access the accurate and stable data. Additionally, they will be provided with a system in where they will have a control on over how, when and with whom they indicate to transfer their Capital One financial figures with improved transparency.
The recent performance of Capital One’s trades has successfully rebounded from the recent bearish signals. It added 0.60% to 0.55 points in its latest session as it closed at 92.45.
As for its RSI Level, the noted bearish candles above have signaled to potential downtrend. Had it maintained such performance, it would’ve removed the stock from being marked as overbought. However, the recent performance made it stay on the region for another round. At 72.95, Capital One is considered to be overbought for the time being.
Lastly, the Coppock curve managed to continue its upsurge resulting to it being so up high in the positive region. At 13.10, a buy position would be recommended for the stock.
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