U.K. data software company Gresham Technologies has announced a collaboration with AccessPay to enable enterprise-to-bank data connectivity.
A press release this week Gresham Technologies will deploy the collaboration to strengthen its Clareti Multi-Bank solution by integrating AccessPay's enterprise-to-bank integration platform. Gresham is focusing on real-time financial data management for cash flow and payments control, it said.
Businesses using the Clareti Multi-Bank tool can connect with their banks via AccessPay, which uses SWIFT to facilitate the connection. AccessPay also enables businesses to on-board to a range of payment schemes in the U.K., including Bacs, the company said.
“We are delighted to be partnering with Gresham to help them meet their growth objectives in this evolving enterprise marketplace,” said AccessPay Chief Executive Officer Anish Kapoor in a statement. “More and more businesses have the opportunity to develop service lines and overcome restrictions of existing systems and further software development.”
Kapoor added that businesses today struggle with “manual processes and bespoke, often costly, technology integrations.” Collaborating with Gresham enables AccessPay to facilitate real-time enterprise-to-bank data connectivity.
In another statement, Gresham Chief Executive Officer Ian Manocha said corporates are increasingly seeking more efficient mechanisms to connect with their banks “as change in the payments landscape continues apace.”
“Integrating AccessPay's platform capabilities into the Clareti Multi-Bank service enables our customers to have extensive reach into the world-wide banking community,” he said.
Earlier this year AccessPay announced new funding from investors in the U.S., including Beringea, True Ventures and Route 66 which provided $11.6 million for the firm. At the time it marked one of the largest funding rounds for a Northern English FinTech company.
“The problem we continue to see are these services operating in total isolation to one another, which often means the corporate is faced with exposure to security, greater risk and complexity in day-to-day operations,” Kapoor said in a statement at the time, pointing to the data silos of enterprise back-office platforms. “Connecting these services through our platform removes these issues, and enables the change finance and treasury teams are looking for.”