Backbase and Ninth Wave have collaborated to enhance open finance integration within commercial banking. The collaboration will serve to make data sharing easy. Moreover, it will help banks deliver more connected digital experiences.
Through this collaboration, Backbase will integrate Ninth Wave’s API platform. Additionally, the solution will provide efficient access to financial data. This step enhances open finance connectivity for banks and their clients. The combined offering supports commercial banks in managing data securely. Additionally, it helps in connecting with third parties easily.
“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.
Driving Open Finance Innovation in Commercial Banking
The company continues to expand its digital banking capabilities through strategic partnerships. Therefore, this alliance aligns with its focus on platform-driven growth. Ninth Wave also further advances its involvement in the area of financial data connectivity. All in all, the company has been innovative in the financial services sector. Consequently, their partnership enhances open finance connectivity and supports the future of commercial banking.
“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.
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News Source: Businesswire.com
