Ninth Wave and Backbase have announced a strategic partnership that enables banks to offer their corporate clients a direct connection between their banking data and the ERP and accounting systems those clients use every day. The partnership is available now.
The joint solution is built on Ninth Wave’s API-first connectivity platform, which serves as the bridge between the bank and the client’s financial software. It manages consent, activity logs, and API governance within a single platform, delivering accurate, real-time data transfer with full audit trails and integrated compliance controls. For banks on the Backbase platform, this means corporate clients gain direct, permissioned access to their banking data inside the tools they already operate from.
The practical effect for corporate banking customers is significant. Manual workarounds, batch uploads, and credential-based data scraping are replaced by a direct, governed connection. Cash flow visibility improves. Reconciliation is cleaner. Payment execution is faster. The overall efficiency of banking activities increases for the finance teams who depend on them daily.
The business case is supported by recent research. Ninth Wave’s 2025 study of corporate finance leaders found that 86% said they would consider switching banks to access open finance features. Those whose banks already offered direct connections reported saving more than five hours per week as a result.
Backbase’s Global VP for Marketplace, Mayank Somaiya, described the commercial rationale for the partnership: “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.”
Joe Fiorillo, Ninth Wave’s VP of Strategic Partnerships, noted the complementary strengths of the two platforms: “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.”
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.
About Backbase
Backbase is the developer of an AI-native Banking OS that connects digital channels, front-office operations, and AI agents into a unified platform. More than 120 banks use the Backbase platform across retail, SMB and commercial, private banking, and wealth management. Backbase has been recognized by Forrester, Gartner, and Datos as a category leader. The company was founded in 2003 and is headquartered in Amsterdam, with teams across North America, Europe, the Middle East, Asia-Pacific, and Latin America.
About Ninth Wave
Ninth Wave is a provider of secure data connectivity between financial institutions and third-party applications, including aggregators, fintechs, accounting solutions, ERP systems, and other business tools. The platform connects financial institutions to the open banking ecosystem through a single, unified integration with managed service support. Ninth Wave was founded in 2018 and is headquartered in New York City.
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