Backbase and Ninth Wave Partner to Enable Direct ERP Connectivity for Commercial Banking

Backbase and Ninth Wave partner to link banking data with corporate ERP systems, enhancing cash flow visibility and reconciliation for commercial clients.

By: AXL Media

Published: Apr 17, 2026, 10:56 AM EDT

Source: Information for this report was sourced from Fintech News Singapore

Bridging the Gap Between Banking and Corporate Workflows

The collaboration between Backbase and Ninth Wave addresses a critical friction point in commercial finance by integrating banking services directly into the Enterprise Resource Planning systems used by businesses. This strategic alliance allows financial institutions to offer their corporate clients a secure, permissioned link to their accounting software, facilitating a more streamlined operational environment. According to Mayank Somaiya, Global VP for Marketplace at Backbase, commercial clients increasingly prefer to avoid separate portal logins for data that already exists within their ERP systems. By embedding these services, banks can provide a direct integration path that reflects how corporate clients actually operate, effectively deepening long, term relationship loyalty.

API-First Governance and Real-Time Data Integrity

At the core of this partnership is an API, first connectivity layer designed to manage consent, activity logs, and governance through a unified platform. This technological bridge ensures that data transfer between the bank and the client's financial software is accurate and real, time, backed by comprehensive audit trails and integrated compliance controls. The system is specifically engineered to remove the need for manual workarounds, batch file uploads, or unreliable data scraping methods that have historically plagued corporate financial synchronization. By providing a management hub for Open Finance operations, Ninth Wave enables banks to maintain strong security while simplifying the complex web of API connections.

Responding to Strategic CFO Demand for Open Finance

The push for deeper integration is driven by a significant shift in expectations among corporate finance leaders. Research conducted by Ninth Wave in 2025 found that 86 percent of Chief Financial Officers and their teams would consider switching banks specifically to access Open Finance features. Those who have already implemented direct bank connections report saving more than five hours per week through increased operational efficiency. This demand highlights a growing market need for modern banking services that prioritize connectivity over traditional siloed portals. The joint solution provided by Backbase and Ninth Wave directly responds to this pressure, equipping banks with the tools necessary t...