Kani Payments, the leading provider of automated reconciliation, reporting and compliance software for the payments industry, today announces a partnership with Cardaq, the fast-growing card issuing and acquiring specialist serving low- and medium-risk businesses.
This latest partnership reflects the growing demand for scalable, automated data management across the payments sector. Kani will deliver a comprehensive solution to support Cardaq’s operations—covering automated reconciliation, regulatory and compliance reporting, Mastercard QMR support, invoice and fee analysis and more.
Built with scalability in mind, the solution will enable Cardaq to expand its reporting capabilities and integration depth as it grows. The partnership will initially support Cardaq’s UK customer base, with the potential for broader rollout and future enhancements.
Partnership momentum driven by scheme reporting automation
This announcement underscores growing industry momentum for Kani’s scheme reporting automation, particularly its industry-first capabilities for Mastercard’s Quarterly Mastercard Reporting (QMR) and Visa’s Global Operating Certificate (GOC).
Kani’s platform is the only reconciliation and reporting tool that can fully automate the required outputs of these complex card scheme reports, reducing processing time from up to three weeks to just three minutes. This innovation helps payments businesses prevent financial losses and maintain scheme and regulatory compliance with greater ease and accuracy.
Leadership comments
Roger Binks, Chief Commercial Officer at Kani Payments, said:
“The partnership between Kani Payments and Cardaq addresses significant industry challenges, including the implementation of automating reconciliations at pace, effective regulatory compliance, and fee apportioning. Ultimately, Kani Payments exists to help disruptive fintechs like Cardaq to thrive and grow with our automated data reporting and reconciliation platform that gives it the space it needs to scale.
By automating manual processes, improving reconciliation accuracy, and providing detailed reporting and analysis tools, we are enabling Cardaq to focus on giving its customers outstanding products and services. We are proud to do the heavy lifting of making complex data simple and standardised.”
Hugo Remi, Chief Executive Officer at Cardaq, added:
“Kani Payments was the clear choice for us due to its comprehensive and customisable reporting tools, expertise in regulatory compliance, and the ability to automate complex financial reconciliations.
The option to immediately integrate with existing systems and manage a high volume of transactions were added benefits for us and our customers. We are confident that the implementation of Kani’s solution will give all our customers a unique service level and the highest accuracy in financial reporting.”
About Cardaq
Established in London in October 2011, Cardaq is a dedicated card issuing and acquiring company that specialises in delivering proficient issuing & acquiring solutions for businesses in low and medium-risk domains. Cardaq is a Principal Member of Visa, Mastercard, and China UnionPay, and offers a full premium line of products, including Visa Signature, Mastercard World Elite, and China UnionPay Diamond cards.
