AccessFintech's Bank-Backed Data Platform Spotlighted for 2021 Growth

AccessFintech, which had raised $37.5 million in total funding by early 2021, was spotlighted by investors as a key European fintech to watch for the year ahead. The company provides a collaborative data-sharing platform for capital markets that enables financial institutions to reconcile and share trading data more efficiently. Backed by major banking institutions including Goldman Sachs and J.P.

Morgan, AccessFintech represents a distinctive bank-fintech partnership model where traditional banks invest in and adopt fintech infrastructure. The platform is designed to reduce costs and operational risks associated with data reconciliation in trading workflows. Its collaborative approach allows multiple financial institutions to work from shared data sets rather than maintaining siloed reconciliation processes.

The company's backing by tier-one global banks provides both validation and a built-in distribution channel for its technology.