Helsinki’s FinanceKey and Espoo-based Enable Banking have recently joined forces to provide businesses with a comprehensive Open Banking experience. FinanceKey provides an API and data orchestration layer for finance teams, offering streamlined integrations, automated reporting, and intelligent workflows, while Enable Banking is a pioneering Open Banking connectivity provider dedicated to empowering businesses to shape the future of the financial ecosystem. The partnership aims to provide a single platform for businesses to access instant multi-bank cash visibility and seamless connectivity to banking APIs. This comes at a time when businesses are facing challenges from market volatility, economic uncertainty, and a higher interest rate environment, and are in need of real-time reporting.
Through the partnership, FinanceKey’s customers will be able to choose from over 1,600 API connections provided by Enable Banking’s extensive catalogue. FinanceKey’s platform offers an intuitive interface for users to access data, automate workflows, process payments, and manage API connectivity without the need for complex system implementation projects. This joint effort exemplifies how fintech collaborations can foster mutual growth and enable rapid expansion into new markets.
“Instant access to bank balances and transactions allows finance professionals to make informed, data-driven decisions and enhance finance processes,” said Veikko Koski, CEO & Founder of FinanceKey. “Through our partnership with Enable Banking, we now offer a comprehensive range of banking APIs, enabling informed financial decisions and streamlining of finance processes.”
In addition to the regulatory APIs, FinanceKey provides businesses access to premium banking APIs, as well as to traditional file-based channels.
Joonas Tomperi, Co-Founder and CEO at Enable Banking, states, “We are thrilled to collaborate with FinanceKey in delivering a comprehensive Open Banking experience to businesses. By combining our extensive catalogue of API connections with FinanceKey’s innovative automation solutions for finance and treasury teams, we are reshaping the way finance professionals access and manage their banking data. In these uncertain economic times, our partnership offers a powerful tool for businesses to navigate financial challenges with confidence, efficiency, and agility.
The collaboration between FinanceKey and Enable Banking will help businesses streamline their cash management processes, facilitate automation of receivables reconciliation, improve forecasting, and optimize credit management. The partnership aims to bridge the gap between traditional batch-processed banking operations and the increasingly digital and connected world of Open Banking.
