Deutsche Bank has partnered with FinTech FinLync to help provide real-time treasury access to corporates.
According to Deutsche, FinLync’s pre-built API integrations and SAP-embedded treasury applications will enable corporate treasury and finance teams to connect to Deutsche Bank’s API offerings rapidly and easily.
FinLync’s technology directly embeds up to the moment bank data into any enterprise resource planning platform or treasury management system enabling plug-and-play access to Deutsche Bank’s comprehensive suite of APIs.
Deutsche remarked that the partnership demonstrates its commitment to developing bank APIs that foster ‘efficient and strategic actions’, as well as FinLync’s position as the global market leader in multi-bank API connectivity and ERP-native apps.
The banking giant also mentioned that both companies intend to co-innovate and broaden the range of pre-integrated Deutsche Bank APIs to additional use cases, including eBAM and expanding the applications of beneficiary account validation.
Deutsche Bank global head client connectivity/digital client access channels Kerstin Montiegel said, “Our integration with FinLync makes it much easier for corporates to adopt our banking APIs and shortcut the road to automated, real-time treasury. FinLync’s pre-built API integrations and SAP-native applications significantly reduce the complexity of building and maintaining individual API integrations with SAP and other ERPs for our clients.”
FinLync co-founder and CEO Philip Klein added, “We are excited to join forces with Deutsche Bank’s renowned Corporate API Program. We will support its clients by making bank API connectivity a simple plug-and-play experience, enabling corporates to manage liquidity in real-time and ultimately supporting faster, more-informed decision-making.
“Corporate finance teams have long sought the ability to access all their available bank data and deliver it directly into their existing systems. We are delighted to partner with Deutsche Bank, a global leader in API-based corporate banking, to make this a reality.”
Copyright © 2022 FinTech Global
