Kani Payments Teams Up with CLOWD9

Kani Payments Teams Up with CLOWD9
  • Reconciliation and reporting services provider Kani Payments has partnered with issuer processor CLOWD9.
  • CLOWD9 will leverage Kani Payments’ platform to power its data reporting and reconciliation capabilities.
  • Kani Payments made its Finovate debut at FinovateSpring 2023.

Reconciliation and reporting services provider Kani Payments has inked a partnership with CLOWD9. The cloud-native issuer processor selected Kani Payments to power its data reporting and reconciliation capabilities and help the company manage the unique data standardization requirements faced by banks and fintechs alike.

CLOWD9 will use Kani Payments’ SaaS platform to collect and standardize transaction data, including both authorization and settlement data from payment schemes. The platform will enable CLOWD9 to report to clients across the payment value chain faster, as well as provide enhanced and easy-to-understand data customization and visualization via the Kani Payments’ portal dashboard. This will empower clients with the flexibility to configure data as they choose.

“The sweet spot is taking standard data, formatting it for the individual needs of our mutual clients, and accelerating reconciliations with it,” CLOWD9 Chief Product Officer Richard Wray explained. “Kani Payments are the experts in that area and their understanding of the depth, detail, and specializations within the payment data value chain is unsurpassed.”

Headquartered in Newcastle upon Tyne, U.K., Kani Payments made its Finovate debut last year at FinovateSpring in San Francisco. At the conference, the company demoed how its automated reconciliation and reporting platform provides fully automated reconciliations, as well as automated legal, regulatory, and scheme reporting. Kani CCO Marc McCarthy used the example of a simple transaction at a coffee shop to explain the myriad actors – issuing bank, network, processor – that play a role in managing the data of even an everyday purchase. “Each one of those organizations has a different version of that event,” McCarthy said. “We here at Kani Payments provide a reconciliation and reporting platform that helps each one of those actors to have compliance, to have validation of their data, and to have insightful reports of what they can see with their information.”

Earlier this year, Kani Payments announced a partnership with core banking platform Pismo. The collaboration makes Kani’s platform available to Pismo’s bank, marketplace, and fintech clients. Vishal Dalal, Pismo CEO for North America, EMEA, and APAC said that the partnership “will unlock useful insights to help (financial institutions) make better, more informed decisions, shaping a new era for banking and payments.”

Kani Payments was founded in 2018. Aaron Holmes is CEO. Holmes co-founded the company following tenures at Flex-e-card, Global Processing Services, and NBS Card Solutions (now Wirecard).


Photo by Daniel Smyth

Kani Payments Teams up with Core Banking Platform Pismo

Kani Payments Teams up with Core Banking Platform Pismo
  • Reconciliation and reporting platform Kani Payments has forged a strategic partnership with core banking platform Pismo.
  • The partnership will make Kani’s SaaS platform available to Pismo’s bank, marketplace, and fintech clients.
  • Kani Payments made its Finovate debut last year at FinovateSpring in San Francisco.

U.K.-based reconciliation and reporting platform Kani has forged a strategic partnership with Pismo, an issuer processor and core banking platform headquartered in Brazil. The pact will make Kani’s SaaS platform available to Pismo’s clientele of banks, marketplaces, and fintechs. Kani’s technology automates back office processes, enabling financial institutions and financial services companies to more easily fulfill their compliance reporting obligations.

Kani reports that firms ranging from electronic money institutions and BIN sponsors to challenger banks and fintechs have used its technology to complete weeks’ worth of often complex transaction reporting and reconciliation in less than 30 seconds. In a statement, the company noted that it has experienced significant growth since its founding in 2018. The strategic partnership with Pismo is a big part of that, insofar as the Brazilian fintech is Kani’s largest client win to date.

“Having Kani Payments join our partners’ network will help financial institutions to turbocharge report generations and submissions,” Pismo CEO for North America, EMEA, and APAC Vishal Dalal said. “It will unlock useful insights to help them make better, more informed decisions, shaping a new era for banking and payments.”

Founded in Brazil in 2016, Pismo counts domestic banking firms Itaú and BTG among its clients. The company works with the world’s largest card networks, and processes $208 billion in transactions a year across 97 million accounts and 53+ million issued cards worldwide. Visa International acquired Pismo at the beginning of 2024 in a deal valued at $1 billion. We reported on the pending deal in our Finovate Global column back in the summer of 2023.

“Pismo’s cloud-based platform empowers teams to build fast and companies to launch rapidly, and as such, it shares many of our values and a core aim of helping businesses drive efficiency,” Kani Payments founder and CEO Aaron Holmes said. “As a global business, Pismo is the perfect partner to help us realize the next phase of our growth strategy, and we’re looking forward to making our solution available to a much wider market.”

Founded in 2018 and headquartered in Newcastle, U.K., Kani made its Finovate debut at FinovateSpring 2023. At the conference, the company demoed how its automated reconciliation and reporting platform conducts fully automated reconciliations, and automates legal, regulatory, and scheme reporting requirements. The platform also gives users the ability to explore and investigate data to better understand consumer and product behavior.


Photo by Mike Bird

Finovate Global: Showcasing International Alums at FinovateSpring

Finovate Global: Showcasing International Alums at FinovateSpring

With FinovateSpring only days away (May 23 through May 25), this week’s edition of Finovate Global will showcase those innovators demoing at the event that are headquartered outside the United States.

There’s still time to register and join us in San Francisco, California for our annual Spring fintech conference. Visit our FinovateSpring 2023 hub today and get your ticket today!


9Spokes

Founded in 2012 and headquartered in New Zealand, 9Spokes unlocks open banking and data, giving financial institutions a powerful set of tools to engage SMB customers. LinkedIn.


FinTech Insights by Scientia

Founded in 2016 and headquartered in London, U.K., FinTech Insights by Scientia offers a competitive analysis tool for banks and fintechs to help them create compelling digital banking experiences. LinkedIn.


FINTEQ

Founded in 2017 and headquartered in Poland, FINTEQ removes credit risk from the supply chain, giving suppliers a healthy and sustainable trade finance alternative. LinkedIn.


Flybits

Founded in 2013 and headquartered in Toronto, Canada, Flybits offers a personalization platform that enables financial institutions to deliver best-in-class personalized digital banking experiences. LinkedIn.


Fundica

Founded in 2017 and headquartered in Montreal, Canada, Fundica is a government funding platform used by some of the largest financial institutions in North America to acquire clients at scale. LinkedIn.


Horizn

Founded in 2012 and headquartered in Toronto, Canada, Horizn helps financial institutions maximize the impact of digital and accelerate returns on digital investments with customers and employees. LinkedIn.


HyperSwitch

Founded in 2022 and headquartered in India, HyperSwitch is an open source payments switch designed to make payments fast, reliable, and affordable. LinkedIn.


Kani

Founded in 2018 and headquartered in Newcastle, U.K., Kani offers end-to-end reconciliation and reporting, automating the back office for payments companies and fintechs, and ensuring accuracy and compliance. LinkedIn.


Lucinity

Founded in 2018 and headquartered in Reykjavik, Iceland, Lucinity combats financial crime with innovative GenAI technology for smarter and faster FinCrime compliance. LinkedIn.


PayTic

Founded in 2020 and headquartered in Charlottetown, Canada, PayTic is a SaaS platform that automates and manages all key aspects of program management: network fees, reconciliation, reporting, and fraud. LinkedIn.


SESAMm

Founded in 2014 and headquartered in Metz, France, SESAMm specializes in big data and artificial intelligence, providing analytics from more than 20 billion articles and messages using NLP. LinkedIn.


Here is our look at fintech innovation around the world.

Central and Eastern Europe

Middle East and Northern Africa

Central and Southern Asia

Latin America and the Caribbean

Asia-Pacific

Sub-Saharan Africa

FinovateSpring 2023 Sneak Peek: Kani Payments

FinovateSpring 2023 Sneak Peek: Kani Payments

A look at the companies demoing at FinovateSpring in San Francisco on May 23 and 24. Register today and save your spot.

Kani Payments’ automated reconciliation and reporting services for payments companies and fintechs globally allows them to report accurately and fulfill compliance obligations fast.

Features

  • Reconciliation: End-to-end automated reconciliations
  • Compliance: Legal, regulatory, and scheme reporting requirements
  • Intelligence: Explore data and understand consumer and product behavior

Why it’s great

Electronic money institutions, BIN sponsors, challenger banks and fintechs use Kani to do weeks of complex transaction reporting and reconciliation work in under 30 seconds.

Presenters

Marc McCarthy, Chief Commercial Officer
McCarthy was appointed Chief Commercial Officer for Kani Payments in 2022 and has a wealth of experience in the financial services sector, with a background in banking, technology and business development.
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Priya Jadeja, Head of Pre-Sales
Jadeja was appointed Head of Pre-sales for Kani Payments in 2023 with over seven years in financial services. She will be heading and shaping the pre-sales demo function for new opportunities.
LinkedIn