Codat teams up with Visa to smooth data sharing of SMEs to European banks
Visa and Codat’s partnership is part of the launch of the Visa Fintech Partner Connect programmeme in Europe.
With the help of Visa, the new pairing will see Codat expand the use of its single API to allow business data to flow back and forth in real-time between fintechs, SMEs and other financial institutions.
The collaboration will mean that banks and lenders will be able to get a more holistic financial profile of SMEs in the space of a few minutes, rather than days, allowing creditworthiness and affordability checks to become more accurate and speed up decision times.
Codat announced on Wednesday (November. 18)