Backbase and Ninth Wave partner up for banking efficiency

By Aarav Garg

Backbase, an AI-native banking technology platform, and Ninth Wave, a provider of secure Open Finance connectivity, have partnered up to enable banks to connect their business clients’ ERP and accounting systems with their banking data.

The partnership aims to improve customer experience by providing greater cash flow visibility, cleaner reconciliation, faster payment execution, and overall increased efficiency in banking activities. Banks utilising Backbase can provide their corporate clients with direct, permissioned access to the banking data used by their financial systems daily.

“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,” said Mayank Somaiya, Global VP for Ecosystem Partnerships at Backbase. “This seamless connectivity is what deepens long-term client loyalty and paves the way for high-value banking services.”

Ninth Wave’s API-first connectivity layer will serve as a bridge between the bank and the client’s ERP or accounting software. It will manage consent, activity logs, and API governance within a single platform. This, according to the company, ensures accurate and real-time data transfer with comprehensive audit trails and integrated compliance controls. It will also remove the need for manual workarounds, batch uploads, and unreliable data scraping.

Backbase and Ninth Wave have future plans to expand ERP connectivity features, support multi-country corporate payments, and develop real-time cash management dashboards for global enterprises.

Joe Fiorillo, Ninth Wave’s VP of Strategic Partnerships, said, “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.”