Codat for Banking

Connect bankers to business customer financial data

Banks use Codat to speed up data ingestion and serve more businesses efficiently at scale. Codat provides a simple, secure way to connect bankers to the financial data that lives in their customer’s accounting platform, ERP, and other financial software.


Small and mid-sized businesses can be a costly and risky segment. Bankers spend too much time on admin and struggle to grow customer relationships.


Codat connects bankers to business customers’ financial data. Banks easily understand their customer base, automate processes, and efficiently grow commercial banking revenue.

Data sharing built for bankers and businesses

40% of top-five banks in the US and UK are improving how they serve small and mid-sized businesses with Codat.

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Customers connect with a few clicks

Rather than spend hours compiling documents, 96% of businesses with over 50 employees are willing to share their data directly to access credit and better banking services.


Codat makes raw data usable

Codat extracts data in the format bankers need it, such as financial statements, invoices, and accounts payable.

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Bankers understand customers at scale

Data collection and financial analysis processes that once took days now take minutes. Bankers have their time back to focus on growing customer relationships.

Use cases

Data infrastructure for commercial banking

Unlock value across business lines by connecting bankers to the financial data that lives in the software their customers use every day.

Supplier Enablement

Banks are growing transaction volume in B2B payments by collaborating with customers over a shared, comprehensive, and up-to-date view of supplier relationships and spending.

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Lending and lines of credit

Banks are reducing operating costs and risk with access to live financials and automated credit monitoring of outstanding borrowers.

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Business payments

Banks are growing payments volume with direct access to the payables ledger complete with supplier details, payments, and methods.

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Business banking apps

Banks are building better apps for business customers by centralizing financial data in a command center for accessing a full suite of services.

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“Thanks to our work with Codat, our clients can easily and digitally deliver critical supplier enablement data to our firm, helping to realize efficiency gains and cost savings sooner as well as across a greater share of their spend.”

Stephen Markwell Head of Product Strategy and FinTech Partnerships for Commercial Banking at J.P. Morgan

Insights from the cutting-edge of commercial banking transformation

Customer story: Virgin Money

“Codat was instrumental in helping us deliver M-Track. Together we’ve been able to deliver a feature-rich product that connects customer data, helps businesses get a view of their cash flow, and helps them plan for the future.”

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5 reasons you need accounting data for liquidity assessments

Statistical analysis of small business financial operations reveals problems with assessing liquidity without the full context provided by accounting data.

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User - Square

Bank of America Speaker Series: Codat CEO Pete Lord

Codat CEO and Co-Founder Pete Lord chats to Bank of America about small business data, integration use cases and future Codat growth.

Listen here
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America's small business credit opportunity

Codat/YouGov research quantifies the opportunity banks face in small business lending and charts a path to expanding credit access without increasing risk.

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The leader backed by leaders

Codat is uniquely placed to help banks transform commercial banking with investors, partners, and Product Advisory Board members across industry-leading banks and technology providers.


"We believe Codat has the potential to fundamentally change the way data is shared across the small business economy. JPMorgan Chase has an extensive small business customer base so we understand the power of connecting and standardizing data."

- Patrick McGoldrick, Partner at J.P. Morgan Growth Equity Partners on leading Codat’s $100M Series C funding round

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“We're proud to be partnered with Codat to further automate processes that enable financial institutions to significantly improve efficiency, accuracy, and create cost savings whilst being able to respond to actual customer need in real time.”

- Thomas Byrne, General Manager, EMEA at nCino on partnering with Codat to help banks underwrite businesses

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Product Advisors

"This is about creating innovative products and experiences to improve the financial lives of small businesses. Participating in Codat's Product Advisory Board is a unique opportunity that invites us to bring to the table what's important for our customers in collaboration with other thought leaders across the industry."

- Meghan Kober, VP of Fintech Acceleration at U.S. Bank on joining Codat's Product Advisory Board

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