Backbase and Ninth Wave Partner to Bring Open Finance to Commercial Banking

On April 15, 2026, banking technology provider Backbase and open finance connectivity specialist Ninth Wave announced a strategic partnership targeting commercial banking. The collaboration enables banks to connect their business clients' ERP and accounting systems directly to banking data through Ninth Wave's API layer, which handles consent management, logging, governance, real-time data transfer, audit trails, and compliance. The partnership addresses a clear market demand, with Ninth Wave research indicating that CFOs would switch banks to access such integrated capabilities.

By eliminating manual workarounds and data scraping, the solution streamlines cash flow visibility, reconciliation, payments, and day-to-day operations for business banking clients. The solution is available immediately. Future expansions are planned to include multi-country payments and real-time cash dashboards, broadening the partnership's reach over time.