London-based FinTech Codat becomes a Microsoft Partner

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London-based FinTech Codat recently announced that it has become a Microsoft Partner. The new development is expected to enable Codat to work with Microsoft and help solve problems for enterprise financial services firms globally.

The FinTech offers clients with connectivity to 18 business accounting platform as well as banking data sources and commerce data sources. Codat recently announced the integration of Microsoft Dynamics 365 Business Central for enabling its clients to better serve their mod-size business customers.

Pete Lord, CEO at 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 and both companies serve several mutual clients in the financial services sector including banks, lenders, insurers, payments, POS and e-commerce businesses. Microsoft customers deploying Codat can now exchange data with their small business customers without it leaving the security of Azure, making it easier for providers to integrate the Codat platform.