Banking News

AccessPay and Yapily Refine Corporate Cash Management

AccessPay and Yapily Refine Corporate Cash Management

(27 April 2021 – United Kingdom) AccessPay and Yapily have partnered to refine corporate cash management service for businesses in the United Kingdom (UK).

AccessPay are a financial technology (fintech) company who specialise in payments and cash management products. Yapily are a leading open banking infrastructure provider. 

The partnership between both entities will enable thousands of UK enterprises to enable real time visibility over their cash position and transaction flow. Users will be able to connect and aggregate their entire corporate banking coverage via a digital portal. This reduces the friction of using multiple systems and enables corporate to effectively manage cash.

This innovative solution has been spurred by corporates’ heavy reliance on outdated and manual processes to reconcile payments and manage cash across several business accounts.

“Businesses and banks simply aren’t as connected as they should be in today’s global business landscape. Treasury and finance teams, the driving force of today’s corporate operations, need one central place to automate banking operations for complete visibility and control” stated AccessPay Senior Product Manager, Winston Pearson

“With Yapily’s support and guidance, we’re able to expand our cash management solution to more of the market at this pace and scale. The integration has transformed a cumbersome process into a frictionless data flow for our customers” he added.

“Leveraging our Open Banking infrastructure in this way has enabled AccessPay to move faster and disrupt the corporate business landscape. This is an exciting development for open banking and demonstrates the benefits the technology brings to the ecosystem” commented Yapily CEO, Stefano Vaccino

“Through partnering with AccessPay, we’re continuing our mission to expand the reach of open banking to a wide range of businesses. We look forward to developing our partnership with AccessPay and helping them continue to scale to new heights” he added.

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