Obton automates multi-bank connectivity—No TMS replacement required
Key Results
- 200+ accounts monitored
- Daily generation of API data into camt.053 bank statement format
- Automation of statement processing via SFTP feed into existing TMS
- Self-service bank API connectivity with no IT support needed
Introduction
Obton is a global investor and operator in solar PV infrastructure with a complex financial landscape — over 1,300 legal entities, 2,300+ bank accounts, and partnerships with 80+ banks. With a lean AP team of four, Obton needed a scalable, efficient solution to bridge data gaps and improve treasury operations across its diverse banking network.
Problem
Obton’s treasury setup was split between legacy infrastructure and modern needs:
- Existing TMS couldn’t connect to smaller banks
- Manual oversight was required for these disconnected banks
- Slow host-to-host (H2H) onboarding created delays
- Needed automated, standardized reporting across all banks
“We were managing 90+ banks and many of them simply couldn’t be connected to our TMS. Even basic connections such as SWIFT MT940s were not supported by many local banks, resulting in our bank account data being isolated.”
Solution
FinanceKey filled a critical infrastructure gap by acting as a backend connector, enabling Obton to:
- Seamless API connectivity to otherwise disconnected banks
- Retrieve API data converted to daily camt.053 account statements
- Deliver data seamlessly into existing TMS without changes to existing tech stack
- Streamlined consent tracking with automated expiration notifications
- Eliminate the need for host-to-host setups or manual downloads
- Name
Obton - Industry
Development and financing of solar energy projects - Founded
2009 - Headquarters
Denmark - AUM
€3.9B
“FinanceKey had the right answers. They plugged into our setup — we didn’t have to modify anything. It was really helpful to have direct access to a dedicated delivery engineer who has been reactive and proactive.”
Justin Foy
Accounts Payable Manager, Obton
Results
- 200+ bank accounts connected that were previously inaccessible
- 5+ hours saved per week by avoiding manual data checks
- 100% compatibility with Obton’s existing TMS and ERP stack
- Zero disruption to existing workflows — “it just works in the background”
- Implementation of 20+ bank connections in only 2 months providing immediate RoI
