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Is Visual Data and Financial Modelling the Future of Fintech Industry?

Key Takeaways:

  • Causal is a business planning platform that specialises in data visualization and financial modeling.
  • The platform builds models out of variables which link with simple plain-English formulas for easy understanding and quick building.
  • Causal incorporates advanced modeling techniques such as scenario analysis, sensitivity analysis, and takes into account the uncertainty in the inputs.
  • Integration is made possible with all important data sources including spreadsheets software such as Sheets and Excel, to accounting platforms like Xero and Quickbooks.

In the technologically progressed world we live in today, data visualization is not just a buzzword anymore, but a necessity, especially in the Fintech industry. A startup that embodies this necessity to its core is Causal, a London-based financial platform that focuses on visualizing data and financial modeling. Founded by Lukas Köbis and Taimur Abdaal, Causal is on a mission to redefine how businesses plan and strategize, by making use of visual data in an unprecedented manner.

With an avalanche of data being generated and needed to be processed in the finance and accounting sector, a tool that can seamlessly manage, analyze, and visualize this data is undeniably essential. Causal emerges as an answer to this requirement, functioning as a platform that builds financial models effortlessly and shares them through interactive, visual dashboards, making it possible for everyone to understand the complex financial models.

What sets Causal apart from many similar platforms is its innovative approach to financial modeling and data visualization. Its models are built out of variables that link together using simple, plain-English formulas. This specificity makes the models not only easy to understand and use, but also quick to build. Furthermore, the platform goes beyond just simple analyses. It incorporates advanced modeling techniques like scenario analysis and sensitivity analysis while considering the uncertainty of inputs, thus enabling users to make well-informed business decisions.

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Additionally, Causal boasts of a seamless and broad integration with all critical data sources. These include widely used spreadsheets software like Sheets and Excel, as well as major accounting platforms like Xero and Quickbooks. Such extensive connectivity empowers businesses to bring all their important data under one umbrella, making Causal a one-stop solution for all their data visualization and financial modeling needs.

Conceptualizing the future of Causal in the Fintech industry, it is poised for groundbreaking innovations and significant growth. As more and more businesses realise the power of data visualization and sophisticated financial modeling, the demand for tools like Causal is only going to surge. By capitalizing on this trend, Causal has the potential to become a frontrunner among companies defining what Fintech will look like in the future.

For more info on the services and benefits Causal has to offer, check out their website. Stay updated with their latest announcements and news through their social channels – on Twitter and LinkedIn.

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