Frequently asked questions about Codat

Understand Codat and its technology, the role we play in your provider's processes, and how we handle your data

What is Codat?

Businesses depend on a suite of software. Whether it's accounting programs like QuickBooks Online and Xero, Point-of-Sale systems like Zettle and Square, or eCommerce software like Shopify and Amazon Seller Central - these are the tools that make a business tick.

This software serves as the definitive source for a business's activities. Financial service providers need access to this data so that they can offer their services to the business.

For example, a lender can use accounting data to understand the risk profile of a business. However, it is often difficult to get data out of these programs.

That's where Codat comes in. We let the software and services businesses use talk to one another. Financial providers using Codat can view or modify their clients' business data quickly and securely and focus on delivering their core services.

What happens to my data?

Your financial provider can only use Codat to access your data with your authorization.

Once you allow us this access, we process the data on behalf of your provider according to our agreement with them, strict internal policies, and the law.

We enable your provider to view, modify, or create business data depending on the agreement and the service they are delivering to you.

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  We keep your data secure

  We protect the security of your data. We never share your password and encrypt your data in transit and at rest.

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  We never alter your data

  Codat doesn't add to, modify, or delete your data unless your financial service provider instructs us to.

  Where they do, this will be in accordance with the service they're providing you and terms you agreed to.

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  We keep you in control

  Your data belongs to you. You choose when and how to share your data, and we never share it with anyone else. You can withdraw your consent anytime.

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  We never share your data

  Your provider gets to access your data only with your permission. We never sell data and don't share it with other Codat clients.

Why is my financial service provider using Codat?

To deliver their services to you, your provider needs access to your business data. We simplify the process of getting, synchronizing, and interpreting that data for them, reducing their administrative load and time spent on getting that data.

Codat is trusted by the world’s largest financial institutions, payments providers, business lenders, software companies, and more. If you'd like to know more about your provider's business processes and services that rely on Codat, you can reach out to them directly or refer to their terms of service.

Want to know more?

• Visit our Powered by Codat page to discover additional answers to questions we often receive.

• Our Trust portal provides the nitty-gritty details of our compliance with various standards and policies.