Taktile raises $54M Series B!

Press Release, Data 2 min read

Taktile launches global Data Marketplace to empower lenders

  • Taktile partners with Codat, CRS, and others to provide easy access to traditional credit, identity, fraud, open banking, accounting and alternative data.
  • On Taktile’s low-code platform, fintechs and traditional financial institutions can easily add new data sources in minutes through using pre-built integrations.
  • At a time when profitability is top of mind for financial institutions, simplifying data integrations empowers lenders to increase acceptance rates, lower default rates, and offer competitive risk-based pricing.

Taktile, the leading automated decisioning platform, announced the launch of its Data Marketplace as part of its mission to revolutionize how fintechs and banks harness data to make decisions. 

The Taktile Data Marketplace is a one-stop ecosystem of leading data providers that enables customers to easily access a global collection of traditional credit, identity, fraud, accounting, open banking, and alternative data sources. By leveraging these data sources, Taktile customers can refine their credit policies and automated decision flows to better identify the right customers and make smarter, more accurate decisions that support profitable growth. 

Supported data integrations include: Codat, CRS, NovaCredit, Boniversum, credolab, LexisNexis, Experian, Transunion, Equifax, Creditreform and Belvo.

“Identifying the right data sources for your customer segment has never been more important, but building data integrations in-house is often painful, time-consuming, and resource-intensive. Our Data Marketplace makes it easy for risk experts to experiment with various data sources so they can focus on improving their decision accuracy rather than on building integrations.”
Maik Taro Wehmeyer, CEO and Co-Founder of Taktile

On Taktile’s low-code platform, fintechs and traditional financial institutions can easily add new data sources from around the world in minutes through using Taktile’s pre-built integrations that support both B2B and B2C use cases. In addition, Taktile already offers functionality today that enables customers to easily connect to any modern third-party API so that users are not constrained by the current offering of off-the-shelf integrations.

The obtained data is well-structured and organized, making it easy to glean aggregate insights, build custom metrics, and identify the right KPIs that take decision accuracy to the next level. Users can also simulate decision outcomes before setting new decision strategies live, empowering them to make informed decisions based on real evidence not speculation.

At a time when profitability is top of mind for fintechs and financial institutions, simplifying data integrations is a powerful advantage. Through rapid experimentation, Taktile customers can uncover the best data sources for their target population and ultimately increase acceptance rates, lower default rates, and offer competitive risk-based pricing–all without requiring any engineering resources.

“In a challenging market, it is lenders' ability to harness data to build the most comprehensive view of their borrowers that gives them the edge. Now that Codat’s universal API is part of Taktile’s Data Marketplace, Taktile customers can incorporate data from any major accounting, open banking or commerce system into their decisioning engine in a few simple steps. In other words, obtaining that edge just got a lot simpler."
Phil Low, Head of Partnerships at Codat

The launch of the Data Marketplace reflects Taktile's commitment to innovation and its ongoing efforts to provide customers with the tools they need to succeed in today's rapidly changing business environment. As part of this commitment, Taktile will rapidly add new global data partners every month and expects to triple the number of providers by the end of the year. 

Looking to see how data integrations can improve your lending decisions?

Company
3 min read

Taktile raises $20 Million Series A funding round to transform how businesses make decisions

Funds will be used to continue improving the product, adding new integrations, and expanding in the US
Fintech
2 min read

Fintech's second chapter: Turning from growth to profitability

Our founder shares his vision on the future of fintech and how companies can adapt to thrive in the current economic environment
Data, Lending
4 min read

How novel data sources help lenders drive profit growth

Discover how novel data sources optimize the risk selection process from onboarding new customers to underwriting loans
Decision Engine, Fintech
4 min read

How new credit decisioning approaches are empowering credit teams

Learn how lenders quickly adapt to market changes, grow loan books profitably, and launch new products fast with data-driven strategies
Fintech
3 min read

2023: Top 5 trends in the next chapter of fintech

As we near the end of the year, we have highlighted five key trends that will bring transformative changes to the fintech sector in 2023
Fintech, Lending
4 min read

How to launch a new lending product quickly

Based on industry best practices, learn the 4 key steps required to launch a modern lending product