TrueNorth and London-based FinTech Codat announce new partnership

By Megha Bhattacharya

FinTech software development company TrueNorth partnered with Codat for offering the latter’s FI clients with direct access to a software engineering implementation team to integrate Codat’s single API solution.

Codat’s white-labelled API solution is used by FIs 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.

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.”

Recently, the London-based tech company Codat announced a strategic partnership with Visa today. The partnership is tied to the launch of the Visa FinTech Partner Connect program in Europe. It aims to offer Visa’s clients with access to digital banking solutions and capabilities from across the financial services spectrum. According to Codat, the collaboration enables Visa’s clients to develop a digital journey for their SME customers with a single point of connectivity between their customers’ accounting platforms and data sources.

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.”