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Backbase and Ninth Wave have introduced a strategic partnership to allow banks to attach their enterprise shoppers ERP and accounting programs to their banking knowledge.
The partnership follows analysis from Ninth Wave that indicated that an amazing variety of Chief Monetary Officers and their groups would think about switching banks so as to entry open finance capabilities.
Amsterdam-based Backbase was based in 2003 and is a four-time Finovate Better of Present winner. Ninth Wave, headquartered in New York and launched in 2018, most not too long ago demoed its know-how at FinovateWest 2020.
Banking know-how supplier Backbase has introduced a strategic partnership with open finance connectivity specialist Ninth Wave. The 2 firms will work collectively to allow banks to supply a seamless connection between their enterprise prospects’ ERP and accounting programs and their banking knowledge. This can improve the shopper expertise by offering higher money circulation visibility, improved reconciliation, sooner cost execution, and extra environment friendly banking operations.
Courtesy of the partnership, Backbase’s financial institution prospects can provide their company shoppers direct, permissioned entry to banking knowledge utilized by their monetary programs, whereas Ninth Wave’s connectivity layer serves as a bridge between the financial institution and the company shopper’s ERP or accounting software program. Managing consent, exercise logs, and API governance inside a single platform, the answer gives correct, real-time knowledge switch with complete audit trails and built-in compliance controls. The know-how additionally eliminates the necessity for guide workarounds, batch uploads, and unreliable knowledge scraping.
“Business shoppers favor to not log right into a portal and re-enter knowledge that their ERP system already has,” Backbase World VP for Market Mayank Somaiya stated. “By partnering with Ninth Wave, we give banks a direct integration path into how their company shoppers truly function. That’s what retains relationships sticky and opens the door to actual value-added providers.”
The partnership between Backbase and Ninth Wave comes within the wake of analysis performed by Ninth Wave that pointed to rising curiosity in Open Finance performance amongst Chief Monetary Officers and their finance groups. In 2025, Ninth Wave analysis famous that 86% of these surveyed would think about altering banks so as to entry open finance options. These surveyed who have been related reported saving greater than 5 hours per week as a result of higher effectivity of direct financial institution entry.
Going ahead, Backbase and Ninth Wave will broaden ERP connectivity options, help multi-country company funds, and develop real-time money administration dashboards for worldwide companies.
“Backbase presents a strong, fashionable basis for business banking, and Ninth Wave simplifies connectivity by managing API connections, making certain sturdy safety, and offering a administration hub to supervise their open finance operations,” Ninth Wave VP of Strategic Partnerships Joe Fiorillo stated. “Collectively, we’re delivering the trendy banking providers that enterprise shoppers require.”
A Finovate alum since 2009, Backbase is a four-time Finovate Better of Present winner. Headquartered in Amsterdam and based in 2003, the corporate presents an AI-native banking working system that transforms fragmented banking operations right into a unified entrance line. This permits prospects, workers, and AI brokers to work as one throughout digital channels, entrance workplace, and operations. Greater than 120 banks around the globe use Backbase’s know-how throughout retail, small enterprise, business, and personal banking, in addition to wealth administration.
Based in 2018 and headquartered in New York, Ninth Wave most not too long ago demonstrated its know-how on the Finovate stage at our all-digital occasion, FinovateWest 2020. The corporate gives safe knowledge connectivity between monetary establishments and third-party purposes resembling aggregators, fintechs, accounting and ERP programs, and different enterprise instruments. Ninth Wave works with monetary establishments all through North America, providing an open finance Hub that hyperlinks greater than 120 financial institution accounts through safe, dependable, and scalable connections to the open finance ecosystem.
Photograph by Tim Marshall on Unsplash
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