AccessPay and Finastra announce collaboration to deliver corporate-to-bank connectivity

New app on Finastra’s FusionFabric.cloud platform delivers financial services and revenue opportunities for banks and their business customers

Manchester, UK – November 1, 2022 – AccessPay, the leading corporate-to-bank integration partner, and  Finastra, a global provider of financial software applications and marketplaces,  have teamed up to remove the challenges and reduce the costs associated with traditional corporate banking’s host-to-host connections.  

Enabling banks to offer direct connectivity for payments to a wider range of corporate customers, the partnership strengthens corporate relationships. Banks can now offer seamless connectivity to their corporate customers, to any enterprise resource planning (ERP), payroll/human capital management (HCM) system, treasury management system (TMS) and other back-office system, automating what are typically arduous and manual processes for finance teams at corporates. The embedded business banking functionality is available via Finastra’s FusionFabric.cloud platform and the AccessPay app which connects to Finastra’s Fusion Global PAYplus and Fusion Payments To Go payment solutions for quicker deployment and easier implementation.

Graham Morgan, Director of Strategic Alliances, AccessPay said: “Currently only the largest corporate customers benefit from direct connections for payments with their banks, it takes time and is challenging for the corporate to implement. This partnership with Finastra opens corporate-to-bank connectivity to all, shielding the corporate from the complexity of data transformation and speeding up time to operation. Essentially, it’s a payments game changer in embedded corporate banking.”

Sigal Druker, Director, Payments Sales Enablement & Business Development, Finastra said: “Financial institutions must embrace the new world of payments to drive innovation, meet customer expectations and focus on service excellence. Through our joint solution with AccessPay, we enable corporates/business customers to benefit from a digitalized end-to-end payment transaction. With our trusted open payment solutions and thriving ecosystem of collaborative fintechs, Finastra is helping financial institutions modernize their payments services, drive innovation, and create true business value for customers.”

Anish Kapoor, CEO and Co-founder, AccessPay said: "Our vision is simple. We want to simplify the integration between corporate finance systems and the banks, removing the complexity of these processes that is currently so prevalent today. This partnership is a huge step forward in our vision to bring more streamlined corporate-to-bank connectivity, and showcases how easy it can be to deliver a customer experience more akin to personal banking when integrating with the AccessPay solution. It’s game-changing for the industry.”

 

For further information please contact:

Chanda Shingadia
The Comms Crowd
T: +44 (0)7951163615
E: chanda@commscrowd.com

About AccessPay

AccessPay is the leading corporate-to-bank integration fintech that removes the challenges associated with traditional corporate banking integration. AccessPay automates the flow of payments and cash management data between corporates and banks, empowering banks to connect with more corporates, enabling corporate finance and treasury teams to improve efficiency, save money and reduce risk. Based in Manchester and established in 2012, AccessPay are innovators in this space, providing corporates with a more embedded banking experience.

About Finastra

Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning solutions and services across Lending, Payments, Treasury & Capital Markets and Retail & Digital Banking for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world’s top 100 banks. For more information, visit finastra.com.

About FusionFabric.cloud
FusionFabric.cloud is a scalable, open and collaborative platform built by Finastra. It brings together an ecosystem of financial institutions, core providers, developers and fintechs, as well as embedders and distributors of financial services. Financial institutions use FusionFabric.cloud to enhance efficiency, create new experiences for customers and offer services through new distributor channels as part of Banking as a Service (BaaS). Embedders and distributors can tap in to the platform to source, and integrate with, financial institutions which can quickly produce new financial products in context. fusionfabric.cloud

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