OANDA is a leading company in the sphere of online multi-asset trading and analytics, and AdvantageGo is a software provider for the commercial insurance industry. The companies have combined their efforts and experience to help insurance companies manage policy risk. As a result of this partnership, the companies will be able to obtain Forex data in real-time that will allow insurers to assess policy risk more efficiently.
According to the partnership arrangements, AdvantageGo’s Currency Services will use OANDA Exchange Rates API for analytic procedures. OANDA Exchange Rates API gives users Forex rates on a historical daily average basis that are widely used for financial reconciliations.