Reconciliation and reporting companies supplier Kani Funds has partnered with issuer processor CLOWD9.
CLOWD9 will leverage Kani Funds’ platform to energy its information reporting and reconciliation capabilities.
Kani Funds made its Finovate debut at FinovateSpring 2023.
Reconciliation and reporting companies supplier Kani Funds has inked a partnership with CLOWD9. The cloud-native issuer processor chosen Kani Funds to energy its information reporting and reconciliation capabilities and assist the corporate handle the distinctive information standardization necessities confronted by banks and fintechs alike.
CLOWD9 will use Kani Funds’ SaaS platform to gather and standardize transaction information, together with each authorization and settlement information from cost schemes. The platform will allow CLOWD9 to report back to shoppers throughout the cost worth chain sooner, in addition to present enhanced and easy-to-understand information customization and visualization by way of the Kani Funds’ portal dashboard. This may empower shoppers with the flexibleness to configure information as they select.
“The candy spot is taking customary information, formatting it for the person wants of our mutual shoppers, and accelerating reconciliations with it,” CLOWD9 Chief Product Officer Richard Wray defined. “Kani Funds are the specialists in that space and their understanding of the depth, element, and specializations inside the cost information worth chain is unsurpassed.”
Headquartered in Newcastle upon Tyne, U.Okay., Kani Funds made its Finovate debut final 12 months at FinovateSpring in San Francisco. On the convention, the corporate demoed how its automated reconciliation and reporting platform offers totally automated reconciliations, in addition to automated authorized, regulatory, and scheme reporting. Kani CCO Marc McCarthy used the instance of a easy transaction at a espresso store to elucidate the myriad actors – issuing financial institution, community, processor – that play a task in managing the information of even an on a regular basis buy. “Every a kind of organizations has a unique model of that occasion,” McCarthy mentioned. “We right here at Kani Funds present a reconciliation and reporting platform that helps every a kind of actors to have compliance, to have validation of their information, and to have insightful reviews of what they’ll see with their data.”
Earlier this 12 months, Kani Funds introduced a partnership with core banking platform Pismo. The collaboration makes Kani’s platform out there to Pismo’s financial institution, market, and fintech shoppers. Vishal Dalal, Pismo CEO for North America, EMEA, and APAC mentioned that the partnership “will unlock helpful insights to assist (monetary establishments) make higher, extra knowledgeable choices, shaping a brand new period for banking and funds.”
Kani Funds was based in 2018. Aaron Holmes is CEO. Holmes co-founded the corporate following tenures at Flex-e-card, World Processing Companies, and NBS Card Options (now Wirecard).
Photograph by Daniel Smyth
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