North West听FinTech听scale-up听AccessPay听has launched a new treasury solution for corporates using open banking.听
Enabled by听Yapily, an open banking infrastructure provider, it will provide thousands of UK businesses real-time visibility into their cash position and transaction flows.听
The integration enables听AccessPay听users to connect and aggregate their entire corporate banking estate at the click of a button, which the firm says decreases the time-to-value for corporates from months to minutes.听听
The collaboration between the two听FinTechs听will enable thousands of treasury and finance teams to make more informed financial decisions, as well as establishing reliable, automated processes around reconciliation, payroll and forecasting of company cash.听
Yapily鈥檚听infrastructure will provide听AccessPay鈥檚听customers, such as ITV, NSG and Imperial College London, with access to real-time banking data.听听
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鈥淲e are delighted to be working with听Yapily, another fast-growth FinTech, to drive digital transformation in the corporate space,鈥� said Winston Pearson, Senior Product Manager at听AccessPay.听听
鈥溊暇牌凡鑕s and banks simply aren鈥檛 as connected as they should be in today鈥檚 global business landscape. Treasury and finance teams, the driving force of today鈥檚 corporate operations, need one central place to automate banking operations for complete visibility and control.听
鈥淲ith听Yapily鈥檚听support and guidance, we鈥檙e able to expand our cash management solution to more of the market at this pace and scale. The integration has transformed a cumbersome process into a frictionless data flow for our customers.听听
鈥淭hanks to听Yapily鈥檚听industry-leading infrastructure and strong relationships with banks across Europe, we鈥檝e been able to deliver a solution previously reserved for the few, to the masses.鈥�听
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Stefano听Vaccino, CEO of听Yapily, said: 鈥淟everaging our open banking infrastructure in this way has enabled听AccessPay听to move faster and disrupt the corporate business landscape. This is an exciting development for open banking and demonstrates the benefits the technology brings to the ecosystem.听听
鈥淭hrough partnering with听AccessPay, we鈥檙e continuing our mission to expand the reach of Open Banking to a wide range of businesses. We look forward to developing our partnership with听AccessPay听and helping them continue to scale to new heights.鈥�听
AccessPay鈥檚听cash management service has been launched to the mid-market in the UK with a broader European roll-out planned for later this year.听