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CompanyProfile

Advanced automation

ani Payments, established in 2018 in
Newcastle, UK, developed an automated rec-
onciliation and reporting platform. Designed
K to reduce complexities, the platform is used
by traditional and challenger banks, electronic money
issuers, fintechs and payment gateways, processors,
and gift card providers, the company stated. Aaron
Holmes, CEO and founder of Kani Payments, noted that
a year after launching, the company was named Europe's
Leading Financial Services or Payments Start-up by the ISO/MLS contact:
Emerging Payments Association. Also in 2019, Alina
Ciocan, Kani's head of finance and reconciliation, was Aaron Holmes
named one of the most influential women in payments, CEO and founder
he added.
+44 7773 889085
Additional accolades for Kani include acceptance into
Tech Nation's Fintech 3.0 growth program for the best and aaron.holmes@kanipayments.com
brightest UK fintechs, as well as a second place listing in https://kanipayments.com
Business Cloud's Fintech 50 rankings for 2021, which lists
the year's top 50 UK companies creating original technol-
ogy for banking, finance and payments. "We've been for- performance with actionable business insights. Payment
tunate all the way, from our investors to engineers who companies, for example, can view transactions approvals,
followed us from other businesses," Holmes said. "Kani declines and cardholder spending across locations and
has a brilliant team with a team-first mentality and we merchant categories, he stated. And clients can access
built what we once wished had existed: a platform that data through Kani's easy-to-use dashboard, which helps
can match faster payment records, manage reconciliation them visualize transaction heat maps and other param-
and regulator reporting, and build custom reports on de- eters, he added."If there's a data discrepancy, normally a
mand." company's finance operations team have to investigate
why the numbers don't add up," Holmes said. "It becomes
Advanced automation even more complicated when businesses have to interpret
data from multiple processing platforms."
Holmes went on to say that Kani's platform has recon-
ciled more than €5 billion in processed payments volume The sheer volume and complexity of data makes it diffi-
while helping payment providers and fintechs organize cult for companies to get the insights they need, and Kani
data across multiple processor, card scheme and issuing works with multiple processors to validate data flows and
relationships. It can be challenging to turn disparate data quickly identify and resolve data discrepancies, Holmes
sources in varying formats and raw files into actionable noted. The platform can outpace manual systems and get
reporting, he stated, adding that global privacy laws can to the heart of reconciliation queries, capturing revenue
also slow the process, and manual reports can take weeks that might have otherwise been lost if left unreconciled,
to complete. which helps clients get maximum value from their data,
he added.
Kani, a processor-agnostic company, can quickly ingest
data from multiple processors, banks and BIN sponsors, Global reseller opportunities
significantly speeding reporting and account onboard-
ing, and the platform expeditiously imports and recon- Kani employs 26 full-time specialists and plans to hire
ciles raw data files in different formats to create under- more staff as it continues its geographic expansion.
standable reports, Holmes stated."We do the heavy lifting Holmes mentioned that Kani, which provides white-la-
so businesses can spend more time focusing on building bel services, works with resellers and channel partners
good fintech products," Holmes said. "Businesses don't worldwide and has signed partnership agreements with
have to spend valuable time and resources trying to work large organizations in North America.
out discrepancies in data flows. In many cases, Kani's re-
porting and reconciliation platform can complete large- "The more data you have, the better decisions you can
scale reconciliations in just a few minutes." make," Holmes said. "Data-agnostic and platform-ag-
nostic reconciliation and reporting tools can transform
Actionable intelligence a business's operating capacity and ensure it's ready to
grow and take advantage of new opportunities. When
Holmes further noted that Kani provides expanded you have that amount of data, the possibilities are end-
overviews of data that enable companies to benchmark less."

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