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 awesome variety of Chief Monetary Officers and their groups would contemplate 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 lately 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 corporations will work collectively to allow banks to supply a seamless connection between their enterprise prospects’ ERP and accounting programs and their banking knowledge. It will improve the client expertise by offering higher money move visibility, improved reconciliation, quicker cost execution, and extra environment friendly banking operations.
Courtesy of the partnership, Backbase’s financial institution prospects can supply 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 offers 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 mentioned. “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 companies.”
The partnership between Backbase and Ninth Wave comes within the wake of analysis carried out 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 contemplate altering banks so as to entry open finance options. These surveyed who have been related reported saving greater than 5 hours per week because of the better effectivity of direct financial institution entry.
Going ahead, Backbase and Ninth Wave will develop ERP connectivity options, assist multi-country company funds, and develop real-time money administration dashboards for worldwide companies.
“Backbase presents a strong, fashionable basis for industrial banking, and Ninth Wave simplifies connectivity by managing API connections, guaranteeing robust safety, and offering a administration hub to supervise their open finance operations,” Ninth Wave VP of Strategic Partnerships Joe Fiorillo mentioned. “Collectively, we’re delivering the fashionable banking companies 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 all over the world use Backbase’s know-how throughout retail, small enterprise, industrial, and personal banking, in addition to wealth administration.
Based in 2018 and headquartered in New York, Ninth Wave most lately demonstrated its know-how on the Finovate stage at our all-digital occasion, FinovateWest 2020. The corporate offers safe knowledge connectivity between monetary establishments and third-party functions equivalent to 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.
Picture by Tim Marshall on Unsplash
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