A new vision for banking intelligence

Commercial banks face two compounding data problems: getting comprehensive, real-time financial data from their business customers, and turning it into actionable intelligence.

With IDC data showing 68% of enterprise data still untapped, the opportunity is clear. As business customers’ expectations grow, the most forward-thinking banks are investing in advisory intelligence to close the gap, helping relationship teams deliver more personalized, insight-driven advisory engagement.

Advisory intelligence includes three main components: ongoing, on-demand access to business clients’ off-bank financial data; intelligent enrichment and analysis that transforms raw data into opportunities; and AI insights delivered exactly when and where they are needed.

Financial institutions are already seeing the value in this kind of intelligence. 70% of banks with more than $10B in assets have invested in data analytics platforms or capabilities in the past 18 months, according to a Bank Director survey.

“When Codat was founded, we set out to make business data accessible,” said Joey Rault, Chief Revenue Officer of Codat. “Today, we’re taking the next step: making it actionable. Banks are realizing that winning in commercial banking means anticipating client needs, rather than just reacting to them. Advisory intelligence is the future of commercial banking, and we’re proud to be leading the charge.”

Purpose-built product suite

Alongside the strategic repositioning, Codat is introducing a purpose-built product suite with new AI features for commercial banking teams to help them grow revenue, enhance relationships, and simplify operations.

• Spend Insights delivers comprehensive accounts payable (AP) visibility and rich supplier intelligence that drives higher card revenue and better supplier enablement conversion.

• Working Capital Insights helps treasury teams understand their clients’ complete financial picture needed to identify growth potential, build proposals, and close deals.

• FX Insights provides visibility into cross-border activity, payment flows, and currency exposure, enabling proactive hedging conversations that grow FX revenue and deepen client relationships.

BMO collaboration

The company has entered an agreement with BMO, collaborating on the use of its Spend Insights capabilities to expand the bank’s ability to deliver personalized, data-driven card optimization insights that augment advisory conversations and automate spend analysis for middle market clients. BMO is among the first banks to work with Codat on applying these new AI enabled insights within a Commercial Card advisory context.

Through this collaboration, BMO treasury consultants can leverage AI-powered spend and supplier insights that enhance the quality and consistency of advisory conversations. By identifying suppliers that accept card payments and tailoring recommendations to individual client needs, they can position commercial card programs as part of broader treasury and payments discussions, unlocking meaningful opportunities for both clients and the bank.

“Our business clients expect insight-driven guidance that supports their growth and operational priorities. Through our collaboration with Codat, we’re able to bring advanced analytics and AI-powered insights into middle market conversations, strengthening our advisory approach and helping us deliver greater value to clients as their businesses grow.” – Rose Grande, Head, North American Corporate Card Product & Programs, BMO

Rault concluded: “Banks today don’t always have the full picture when it comes to their business customers. Our collaboration with BMO demonstrates exactly what’s possible when institutions embrace advisory intelligence: faster time to value, stronger relationships, and a genuine competitive edge.”