Expedites Single API Financial Data Integration between FIs and SMEs
TrueNorth, a global fintech software development company, today announced its new partnership with Codat, a technology company that connects the internal systems of small businesses to financial institutions, including fintechs. The partnership provides Codat’s FI clients with direct access to a software engineering implementation team to integrate Codat’s single API solution.
TrueNorth and Codat partnership provides seamless integration of Codat’s single API solution. “Together, this is an extremely cost-effective way to build better banks.”
Pete Lord, CEO of Codat, said, “We are excited to be partnering with TrueNorth to bring our single API solution to financial institutions of all sizes. We see TrueNorth’s proven software implementation process and team of senior engineers as a fantastic way to truly leverage business data, and tap into the exponential range of use-cases that data enables. Together, this is an extremely cost-effective way to build better banks.”
Codat’s white-labelled API solution is used by more than 60,000 small businesses to share their data with a wide range of Codat’s clients – including Clearbanc, PayPal, Experian, Allianz, and a range of Tier 1 banks. FIs use Codat’s API to gain permissioned access to their customer’s financial platforms, removing the need for manual uploading, and gaining a holistic and up-to-date overview of a firm’s financial health.
TrueNorth CEO and Co-Founder Alex Gonikman said, ”This partnership has strong synergies as our engineers know the Codat solution and can quickly facilitate the integration. Firms who go with Codat’s single API integration will be armed with the ability to pull and push accurate data from and to multiple sources. Larger, fresher datasets mean superior client offerings. It’s a great solution and we’re looking forward to working together.”
TrueNorth’s pioneering leaders and software engineers have perfected a development and implementation process that brings products to market in a cost-effective way and fast, averaging three to six months for MVP (minimum viable product). This rare combination has led to the successful execution of over 120 digital transformations and 45 original enterprises built from the ground up.
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