Wells Fargo & Company has launched specialized Application Programming Interfaces (APIs) tailored for its commercial banking clients. This expansion of Wells Fargo’s API portfolio provides immediate access to real-time data that may help increase sales, improve liquidity, reduce credit risk, and reduce expenses for floorplan and channel finance clients in the following industries: auto, motorsports, outdoor products and equipment, recreational vehicles, consumer electronics, appliances, and technology.

Wells Fargo’s API platform enables manufacturers, distributors, and dealers to directly connect from their system of choice. Updates will happen automatically and flow between trading partners so there’s no delay in sending and receiving information, and no need to manually enter, upload, download, or transmit important files, allowing clients instant access to critical business insights.

“Our new APIs provide clients real-time, on-demand information so they can efficiently and seamlessly manage inventory, supply chain, and payments,” said Daniel Pfeiffer, head of Wells Fargo Global Receivables, Trade, and Inventory Finance.