Backbase and Ninth Wave Team Up to Bring Open Finance to Commercial Banking

Why It Matters

The integration meets a growing demand for seamless cash‑flow visibility in corporate banking, helping banks retain high‑value business clients and unlock new revenue streams from value‑added services.

Key Takeaways

• Backbase partners with Ninth Wave to embed open‑finance APIs for commercial banks
• 86% of CFOs would switch banks for open‑finance, Ninth Wave 2025
• Integrated solution offers real‑time ERP‑bank data, cutting manual entry, saving >5 hrs/week
• Backbase serves 120+ banks; Ninth Wave links over 120 bank accounts worldwide
• Future roadmap adds multi‑country payments and live cash‑management dashboards

Pulse Analysis

Open finance is rapidly becoming a differentiator in commercial banking, as CFOs seek tighter integration between their core financial systems and banking services. Ninth Wave’s 2025 survey revealed that 86% of finance leaders would consider changing banks to gain such capabilities, underscoring a market shift toward data‑driven cash‑flow management. By enabling real‑time access to transaction data, banks can offer predictive liquidity insights, reduce reconciliation errors, and support faster payment cycles, all of which translate into measurable efficiency gains for corporate clients.

The Backbase‑Ninth Wave partnership combines Backbase’s AI‑native banking operating system with Ninth Wave’s secure connectivity hub. Together they deliver a permissioned API layer that links ERP and accounting platforms directly to bank accounts, complete with consent management, activity logs, and compliance controls. This eliminates the need for manual data entry or batch uploads, saving users more than five hours per week, according to the research. For banks, the solution not only enhances the client experience but also creates cross‑selling opportunities for cash‑management products and advisory services built on real‑time financial data.

Looking ahead, the collaboration aims to broaden its scope with multi‑country payment support and live cash‑management dashboards, positioning participating banks to serve global enterprises more effectively. As more than 120 banks already run on Backbase and Ninth Wave connects over 120 bank accounts worldwide, the joint offering could set a new standard for open‑finance ecosystems. Financial institutions that adopt this integrated approach are likely to strengthen client loyalty, reduce operational costs, and capture emerging revenue streams in an increasingly competitive digital banking landscape.