FinLync, which helps connect global banking, has closed a strategic investment and partnership with Workday Ventures.
By integrating with Workday Financial Management, FinLync hopes to power real-time payments and multi-bank API connectivity to offer a best-in-class experience to joint customers.
As part of the partnership, FinLync hopes to power Workday Financial Management with 100+ pre-integrated bank API connections to banks around the world. It plans to provide Workday customers with the ability to initiate real-time payments while solving common treasury headaches through end-to-end payment traceability, simplified connectivity and real-time cash visibility.
Workday Ventures managing director and head Mark Peek said, “We’re excited to have made a strategic investment in FinLync as we continue to identify new ways to deliver the best possible experience to our customers.
“Together, FinLync and Workday will deliver advancements that support real-time working capital and cost-savings, thereby reducing the time and effort for Workday Financial Management customers to integrate with banks.”
FinLync recently signed a partnership with Deutsche Bank to help provide real-time treasury access to corporates. FinLync’s pre-built API integrations and SAP-embedded treasury applications will help corporate treasury and finance teams connect with the Deutsche Bank API offerings.
Last year, the company raised $16m in a funding round which was led by Point72 Ventures.
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