FinLync-Standard Chartered partnership to hasten bank's API offerings adoption

KUALA LUMPUR, Sept 30 -- FinLync, a global fintech company founded in Singapore that is transforming corporate finance and treasury offices through its world-class products, and leading international banking group Standard Chartered have announced partnership to enable corporate treasury and finance teams to rapidly and easily connect to Standard Chartered’s application programming interface (API) offerings, via FinLync.

This will allow corporates to make decisions faster, more frequently and based on more-precise information, all of which provide an edge over their competition without the substantial time and financial investments typically required in such integration projects.

Based on a statement, this partnership reflects FinLync’s role as the market leader in bank API connectivity, and Standard Chartered’s commitment to developing API offerings that provide corporate treasurers with 24/7 access to critical information for improved control and visibility.

By partnering with FinLync, the Bank is able to support its clients in making the shift to real-time treasury and significantly increasing working capital efficiency, as well as differentiate itself from banks limited to legacy connectivity, all while offloading IT burdens.

FinLync co-founder and CEO, Phillip Klein said: “In order to get value from bank APIs, companies must connect them to their end solution, usually an ERP. Building these connections from scratch is a lengthy and costly process that can take months or years for just a single API.

“FinLync turns this previously complex connectivity challenge into a simple plug-and-play process. You get rid of bank files and middleware but get all the connections you need, plus real-time data and expanded data points, without having to manage the connectivity.

“We are excited to partner with Standard Chartered to make their bank API offerings immediately accessible for corporates.”

Standard Chartered Global Head of Cash Management, Philip Panaino said: “Beyond the building of APIs, we recognise the need to take the next step in ensuring that corporates can access these solutions in a fast, secure and easy-to-use manner, to fully deliver the benefits of this seamless connection.”

For more information, visit https://www.finlync.com

-- BERNAMA