BOND.AI and Onsetto Collaborate to Enhance Commercial Banking Relationships

The partnership connects BOND.AI’s Autopilot Profit, which utilizes transaction data to identify businesses whose payroll and receivables are still with competing institutions, with Onsetto’s SwitchAssist product. SwitchAssist assists financial institutions in transitioning users' day-to-day operating activities, such as payroll and payables, into their accounts, requiring no core or digital banking integration.

By using Autopilot Profit, financial institutions can uncover commercial opportunities within their existing customer bases. The platform prioritizes opportunities where businesses might benefit from consolidating their accounts, while SwitchAssist guides users through the transition, ensuring a seamless shift of operating activity.

This partnership aims to establish deeper business relationships more efficiently. Financial institutions can better focus their efforts on high-value opportunities, potentially expanding services such as treasury and lending over time.

Michael Whitacre, Chief Revenue Officer at BOND.AI, emphasized the importance of fostering relationships, stating that while opening accounts is straightforward, winning relationships requires more effort. Nikhil Bijlani, Head of Partnerships and Strategy at Onsetto, noted that building a primary business banking relationship involves understanding the nuances of business operations. He highlighted that the collaboration connects opportunity identification with structured activation, fostering primary operating relationships essential for long-term growth.

BOND.AI is known for its banking AI solutions, including Autopilot, which helps institutions forecast performance and identify opportunities, while Onsetto specializes in assisting financial institutions with their business banking needs. Both companies are leveraging their strengths to create a more effective model for enhancing commercial banking interactions.