Backbase, a company pioneering AI-based banking solutions, revealed that they have teamed up with Ninth Wave, a company that provides secure Open Finance connectivity solutions. The purpose of this partnership is to help banks offer a smooth integration among corporate clients’ ERP, accounting systems, and banking data, thereby improving the efficiency of operations and financial visibility.
As a result of this partnership, banks that use the Backbase platform are now in a position to provide their corporate clients with direct, permission-based access to the financial data these clients use in their enterprise systems. Apart from breaking down the barriers of data silos and manual procedures, the joint solution is capable of boosting cash flow visibility, facilitating reconciliation, expediting payment execution, and overall making day-to-day banking operations more efficient.
Facilitating Real-Time and Secure Financial Data Connectivity
The central part of this collaboration is Ninth Wave’s API-first layer of connectivity that acts as a very safe way to link different banking platforms and enterprise financial systems. Besides, it also mixes in features like user consent management, activity logging, and API governance to keep the data exchange secure and compliant.
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Such a model allows for precise, up-to-the-minute data synchronization without losing visible audit trails and built-in compliance controls. In other words, by doing away with old methods like batch uploads, manual data entry, and screen scraping, the solution not only greatly cuts down on the potential for operational hiccups but also raises the level of data integrity.
Rising Demand for Open Finance Capabilities
The partnership comes at a time when demand for Open Finance solutions is rapidly increasing among corporate finance leaders. According to Ninth Wave’s 2025 research, 86% of CFOs indicated they would consider switching banks to gain access to Open Finance capabilities. Organizations already utilizing direct bank connectivity reported saving more than five hours per week due to increased efficiency and automation.
These findings highlight the growing importance of integrated financial ecosystems that allow businesses to manage banking activities directly within their existing workflows.
Expanding Capabilities for Global Enterprises
Looking ahead, Backbase and Ninth Wave plan to further enhance their joint offering by expanding ERP connectivity features, supporting multi-country corporate payment capabilities, and introducing real-time cash management dashboards tailored for global enterprises. The integrated solution is available immediately to customers.
“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.
Advancing the Future of Connected Banking
The partnership signifies a larger change in the direction of fully connected financial ecosystems, where banking services are no longer stand-alone but become an integrated part of the business operations. In that respect, by amalgamating Backbase’s digital banking platform and Ninth Wave‘s connectivity infrastructure, banks are empowering the delivery of such tightly integrated and data-driven interfaces that resonate with the ways of today enterprises in handling their finances.
