Backbase
Backbase and Ninth Wave partner to bring Open Finance connectivity to commercial banking
The partnership takes the complexity out of Open Finance connectivity, enabling banks to provide a modern banking experience to their business customers.
ATLANTA, USA, April 15, 2026 — Backbase, the leader in AI-native banking technology, and Ninth Wave, a leading provider of secure Open Finance connectivity, announced a strategic partnership today that will enable banks to offer a seamless connection between their business clients’ ERP and accounting systems and their banking data. The partnership will improve customer experience by providing greater cash flow visibility, cleaner reconciliation, faster payment execution, and overall increased efficiency in banking activities.
Banks utilizing Backbase can now provide their corporate clients with direct, permissioned access to the banking data used by their financial systems daily. Ninth Wave's API-first connectivity layer serves as a bridge between the bank and the client's ERP or accounting software, managing consent, activity logs, and API governance within a single platform. This ensures accurate, real-time data transfer with comprehensive audit trails and integrated compliance controls. It removes the need for manual workarounds, batch uploads, and unreliable data scraping.
Recent research confirms strong demand for Open Finance features among CFOs and their corporate finance teams. Ninth Wave’s 2025 research found that 86% said they would consider switching banks to access Open Finance features. Those with connections reported saving over five hours a week thanks to the increased efficiency of direct bank access.
Looking ahead, Backbase and Ninth Wave plan to expand ERP connectivity features, support multi-country corporate payments, and develop real-time cash management dashboards for global enterprises. The joint solution is available now.
"Corporate clients don't want the friction of logging into separate bank portals to duplicate data that already lives in their ERP systems. By partnering with Ninth Wave, we are equipping banks to integrate directly into their clients' daily workflows. This seamless connectivity is what deepens long-term client loyalty and paves the way for high-value banking services."
Mayank Somaiya
Global Vice President, Head of Ecosystem Partnerships 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.”
Joe Fiorillo
VP of Strategic Partnerships, Ninth Wave
Media contact for Backbase
Media contact for Ninth Wave
Backbase is on a mission to put bankers back in the driver’s seat — fully equipped to lead the AI revolution and unlock remarkable growth and efficiency. At the heart of this mission is the world’s first AI-powered Banking Platform, unifying all servicing and sales journeys into an integrated suite. With Backbase, banks modernize their operations across every line of business — from Retail and SME to Commercial, Private Banking, and Wealth Management.
Recognized as a category leader by Forrester, Gartner, Celent, and IDC, Backbase powers the digital and AI transformations of over 150 financial institutions worldwide. See some of their stories here.
Founded in 2003 in Amsterdam, Backbase is a global private fintech company with regional headquarters in Atlanta and Singapore, and offices across London, Sydney, Toronto, Dubai, Kraków, Cardiff, Hyderabad, and Mexico City.
