Kani & TransactPay expand data partnership for scale
Kani Payments has expanded its partnership with TransactPay under a renewed long-term agreement that adds Kani's Data-as-a-Service product to TransactPay's payments operations.
TransactPay, a European electronic money institution, said it will use the service as it scales its business and handles growing volumes of payments data. The company operates across multiple processors and card schemes.
The firms have worked together since 2021. TransactPay already uses Kani's platform for reconciliation and reporting across its payments activity, according to the companies.
Data consolidation
Kani described its Data-as-a-Service product as a centralised source of truth for financial data. The system standardises and structures data across files that arrive from processors and card schemes.
TransactPay said the expanded agreement covers payments data across Mastercard and Visa schemes. The companies said the system processes thousands of daily files. The product gives TransactPay access to structured data in real time, according to the announcement.
The announcement framed the move as a response to fragmentation in payments data. It also pointed to increasing compliance requirements for firms that issue electronic money and provide payments services.
Reporting workload
TransactPay has used Kani's platform for reconciliation, regulatory reporting and scheme-level reporting across thousands of daily transactions, the companies said. They also referenced compliance requirements linked to the Gibraltar Financial Services Commission and the Malta Financial Services Authority.
Payments companies have faced rising scrutiny over transaction monitoring and reporting practices as they expand into new markets and add new partners. Data consistency across processors and schemes can become more difficult as organisations add products and jurisdictions.
Kani said the expanded agreement reflects higher data demands across TransactPay's payments ecosystem. The companies also pointed to manual processes that can develop around file handling and reporting.
Product scope
The companies said the data layer produced by Kani's service can feed bespoke reporting. They also said it can support transaction monitoring workflows and operational efficiency. The firms linked the approach to compliance processes.
Kani positions its platform around reconciliation and reporting for payments businesses. The company is based in Newcastle upon Tyne and operates in the fintech and payments sector.
TransactPay operates under licences in Gibraltar and Malta. It issues cards under schemes operated by Mastercard and Visa, according to the company information included with the announcement.
"TransactPay has been one of our most valued partners from the beginning, and their trust has played a huge part in shaping Kani into the platform it is today. This renewed partnership reflects not just growth, but a shared belief in the power of high-quality data to drive performance, compliance and innovation across payments," said Aaron Holmes, Founder and Chief Executive Officer, Kani Payments.
TransactPay described the decision as part of a wider approach to its internal data management. The company said it will consolidate and host payments data within Kani's platform under the expanded agreement.
"TransactPay's adoption of Kani's Data‐as‐a‐Service solution represents a major step forward in our data strategy. By consolidating and hosting its payments data within the Kani platform, the company now benefits from improved efficiency, faster reporting, and enhanced decision‐making-reducing manual processes and ensuring data integrity across global operations," said Aaron Carpenter, Chief Executive Officer, TransactPay.
The companies said the expanded partnership will cover TransactPay's growing global payments operations, as it continues to add scale across processors, schemes and reporting obligations.