By Aisling Finn on Monday 5 October 2020
The fintech will give banks a better understanding of their SME customers through its financial API.
Financial API provider Codat has today revealed that it has become a Microsoft partner.
The London-based fintech will help banks better understand their SME customers by providing business data in real-time, which, in turn, will help SMEs applying for financial products.
Pete Lord, CEO of Codat, said: “We’ve made rapid progress in addressing a universal pain point in SME financial services: the manual and slow exchange of financial data between SMEs and their service providers.”
“Our modern API technology, hosted on Microsoft Azure, provides the means to do this better, giving firms the ability to offer SMEs a suite of improved and more agile products and services, while at the same time dramatically reducing their own operating costs.”
The Codat platform is hosted on Microsoft Azure, Microsoft’s cloud computing platform and both companies serve several mutual clients in the financial services sector including banks, lenders and e-commerce businesses.