Backbase and Ninth Wave have formed a strategic partnership to provide banks with direct connectivity between corporate ERP systems and banking data.
The integration allows financial institutions using the Backbase platform to offer business clients a secure link to accounting software, aimed at improving cash flow visibility and payment execution.
The collaboration between Backbase and Ninth Wave uses an API-first connectivity layer to manage consent, activity logs, and governance within a single platform.
This bridge facilitates real-time data transfer with integrated compliance controls, removing the need for manual workarounds or data scraping.
The partnership focuses on embedding banking services directly into the tools businesses use for daily financial management.
By using the Ninth Wave connectivity layer, banks can offer a direct integration path into how their corporate clients actually operate.
“Commercial clients prefer not to log into a portal and re-enter data that their ERP system already has.
By partnering with Ninth Wave, we give banks a direct integration path into how their corporate clients actually operate. That’s what keeps relationships sticky and opens the door to real value-added services,”
said Mayank Somaiya, Global VP for Marketplace at Backbase.
“Backbase offers a robust, modern foundation for commercial banking, and Ninth Wave simplifies connectivity by managing API connections, ensuring strong security, and providing a management hub to oversee their Open Finance operations.
Together, we are delivering the modern banking services that business clients require,”
said Joe Fiorillo, Ninth Wave’s VP of Strategic Partnerships.
The joint solution is available now. Moving forward, the Backbase Ninth Wave partnership intends to expand ERP features to support multi-country corporate payments and real-time cash management dashboards for global enterprises.
Featured image: Edited by Fintech News Singapore, based on image by brilian via Freepik
