Wednesday, June 19, 2024

Kani Payments Selected by FIS Fintech Accelerator 2023 to Accelerate Data Reporting Innovation

Kani Payments, the disruptive global data reconciliation and reporting pioneer, has today announced that it is one of just ten companies currently taking part in the FIS Fintech Accelerator 2023, due to its transformative data insights platform that has been identified as accelerating the pace of innovation in financial services worldwide.

The FIS Fintech Accelerator program identifies and advances fintech firms with high potential to scale globally, and creates partnership opportunities with FIS clients. Kani Payments will use its award-winning SaaS platform to kickstart the delivery of automation, accuracy and compliance in payments reconciliation and reporting to fintechs, acquirers and financial institutions worldwide.

In each cohort, the FIS Fintech Accelerator selects ten innovative companies and entrepreneurs from around the world, who are all on a mission to shape the future of fintech. In collaboration with The Venture Center, FIS provides them with mentorship from fintech experts as well as access to the FIS network.

Throughout the ongoing 12-week programme, Kani Payments has been engaging with bankers, subject matter experts, and financial service executives to enhance and advance its offering and growth plans. In addition, financial institution leaders are visiting Kani Payments to help refine its product models to suit customer needs.

Established in 2018 by Founder and CEO Aaron Holmes, Kani Payments’ involvement in this programme in the latest step in its impressive growth trajectory following its acceptance onto the Mastercard Start Path Global programme in 2022. Approximately 1,500 start-ups annually are evaluated for entry to the programme, which has only a 2% acceptance rate.

Kani Payments’ award-winning SaaS platform has already reconciled more than €24 billion in processed payments volume to date and is trusted by a fast-growing range of companies across the fintech spectrum, including Transact Payments, IDT, Moorwand, Sodexo and Osper. Being selected to become part of the FIS Fintech Accelerator will speed up Kani’s expansion and outreach into the US market, which is a key part of its strategy for 2024 and beyond.

Aaron Holmes, CEO at Kani Payments, commented: “Joining the FIS Fintech Accelerator is the latest exciting stepping stone in what’s already been an impressive and successful story for our ambitious company. We’re proud of our progress so far and are excited to be able to further develop our offering and charge into new markets and territories with the support, insight, and knowledge we will gain from the team at FIS and the Venture Center as part of this programme.

“We are certain that the insights we will gain from the FIS Fintech Accelerator will be invaluable, not only to Kani Payments, but also to our existing and prospective customers who have come to rely on the efficiencies created by our unique platform. We strive to save even more businesses vast amounts of time, and help them to tackle the problem of the increasingly complex digital payments, regulation, and compliance requirements so that they can spend more time focusing on building superb fintech products and services.”

‍Kani Payments’ agile data-agnostic reporting and reconciliation platform has been built by payments experts, and is designed to help ambitious, disruptive companies to fuel future growth with streamlined reporting, timely and accurate reconciliation, actionable business intelligence insights, and achieve compliance with industry and regulatory requirements.

With the ability to quickly ingest data from multiple processors, banks, and payment companies, Kani Payments’ platform expeditiously imports and normalises complex raw data files in differing formats from various sources to then create business-critical payments reporting, including user-friendly reports and accurate, timely reconciliations. Kani Payments’ reconciliation software also integrates directly with its clients’ third-party processing platforms, and is backed by friendly, in-depth payments expertise support to help solve clients’ data queries.

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