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Codat Partners With NCino To Help Banks Underwrite Small Business Loans Better And Faster

Benzinga Real-time News ·  Sep 14, 2022 09:04

Challenger bank Recognise, first to go live with new integration

LONDON, Sept. 14, 2022 /PRNewswire/ -- Codat, the universal API for small business data, today announced a partnership with nCino (NASDAQ:NCNO), the worldwide leader in cloud banking, to automate and accelerate banks' ability to underwrite small business loans around the world.

nCino's seamless solution significantly reduces the time it takes banks to transfer information from a borrower's financial statements into the bank's financial analysis program (a process known as "spreading financials"). With support for 120+ languages and 140+ currencies, nCino's Bank Operating System is used by more than 1,750 financial institutions...

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