Trovata Launches Multibank Connector With Largest Corporate Banking API Network

On June 26, 2024, Trovata launched its Multibank Connector, a low-code embedded banking platform providing seamless connectivity for bank portals, ERPs, and treasury systems via the largest open network of corporate banking APIs globally. The solution covers account data, balances, transactions, and payments, enabling multibank account aggregation, automated reconciliation, unlimited data storage, and processing of billions of transactions at high speed. Trovata operates the Multibank Connector as a fully managed service, handling onboarding, consent management, data quality, and security on behalf of clients.

The product targets corporate cash management, forecasting, and money movement use cases, replacing legacy sFTP-based connectivity. By lowering integration complexity through its low-code approach, Trovata aims to accelerate adoption among enterprises and financial institutions seeking modern multibank connectivity. No financial terms were disclosed with the launch announcement.