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Equiniti Riskfactor Unveils New Partnership With Codat

Tuesday, 10 March 2020

The exclusive partnership will see Equiniti Riskfactor and Codat allow SME customers to automatically share data with their lender, speeding up decision making

  • Equiniti Riskfactor joins forces with Codat, the accounting integration API provider
  • The API will digitise data collection for clients and eliminate time-consuming manual processes
  • Banks and SME customers now have access to real-time data which is more accurate and significantly reduces fraud and bad debts
  • The integration of Codat’s new API into EQ Riskfactor will improve the customer experience and speed up decision making

Equiniti Group plc, an international technology-led services and payments specialist, is delighted to announce that its risk management business, Equiniti Riskfactor, has joined forces with Codat, the accounting integration API provider. 

Equiniti Riskfactor will connect with Codat’s single API to digitise data collection for its clients, enabling small businesses to share data automatically, reducing manual processes and improving customer experience. This dynamic risk assessment allows lenders to make faster and fairer lending decisions and significantly reduces bad debts and fraud. 

Michael Ellis, Head of Commercial at Equiniti Riskfactor commented: 

“I’m excited to announce our new partnership to the market and look forward to seeing our customers benefit from our new API which will enable lenders to manage risk more comprehensively, make quicker decisions, with more accurate real-time data. This in turn will create huge improvements for the SME customer who will no longer have to spend time on manual processes. 

“Continuously improving the customer experience is vital for our business and our unique partnership with Codat enables us to expand our risk proposition whilst strengthening our customer relationships.” 

Matthew Hicks, Commercial Director at Codat commented: 

“Integration with accounting platforms is seen as an essential feature of commercial banking products by small businesses. By partnering with Codat, Equiniti Riskfactor is providing the kind of digital experience that small businesses have come to expect as consumers.” 



For more information:

Temple Bar Advisory (Equiniti Group plc)

William Barker / Sam Livingstone
Tel: 078 2796 0151 / 077 6965 5437 
Email: /

Codat media contact:

Catherine Laurence, PR Manager 
Tel: 07876684241 

Notes to Editor:

About Equiniti

Equiniti Group plc, an international technology-led services and payments specialist, provides non-discretionary payment and administration services to some of the world’s best-known brands and UK’s largest public-sector organisations.

It is the UK’s leading provider of share registration, employee share plans, and associated investor services, and also has market leading positions in pension administration and software, and employee benefit schemes.

Equiniti’s services, which are delivered by over 5,000 employees, benefit 36 million people in the UK and 120 countries around the world.

Equiniti Riskfactor is the leading provider of risk management and fraud analytics software and consulting for the global commercial finance market including factoring organisations, banks and alternative lenders. In the UK, over 90% of the receivables finance market use Equiniti Riskfactor’s products.

About Codat

Codat makes data integration seamless for the small business economy. They are the pipes that connect small business data, whether that’s a lender pulling information from a company’s cloud accounting package, or a payment terminal immediately pushing sales information into company accounts.

They’re building an eco-system of connected datasets that means small businesses are finally seeing the benefit of real innovation, with better products and services.

Codat currently has over 50 clients spanning across various different industries from traditional lenders to invoice financing, insurance to cash flow forecasting.

Codat is expanding into international markets with clients in North America, Sweden, Australia, Ireland, New Zealand, and Hong Kong.