FinLync

FinLync is a multi-bank corporate API aggregator designed to simplify and secure connectivity between treasury teams, financial institutions, and banks. According to the vendor, this solution eliminates the complexities and costs associated with building bank APIs in-house, providing real-time connectivity to all banks, regardless of data formats. FinLync caters to companies of all sizes, from small businesses to large enterprises, and is utilized by corporate treasury professionals, finance managers, financial institutions, banking professionals, as well as users of ERP and TMS systems.

Key Features

Bank API Connectivity: According to the vendor, FinLync acts as a multi-bank corporate API aggregator, providing a single endpoint for real-time connectivity to all banks, regardless of data formats. It is claimed to eliminate the need for building bank APIs in-house, potentially saving time, cost, and labor.

Data Normalization and Standardization: The vendor states that FinLync's aggregator automatically normalizes and standardizes data from different banks into one single, standardized format, potentially simplifying the connection process and ensuring seamless integration with existing corporate systems like ERPs and data lakes.

Comprehensive API Streams: According to the vendor, FinLync supports various API streams, including transactions, payments, and trade finance, potentially making it a comprehensive solution for corporate treasury teams.

Secure Connectivity: The vendor claims that the aggregator ensures secure connectivity by meeting corporate IT security standards and protocols, including end-to-end encryption of data at rest and in motion. It is said to provide prebuilt advanced security protocols, such as signing the JSON web token with an X509 certificate, which may accelerate corporate IT approval.

Plug-and-Play Integration: FinLync is said to offer seamless integration with existing corporate systems like ERPs and data lakes, enabling direct integration and potentially maximizing the value of bank data. The vendor suggests that the integration process is simplified with plug-and-play end points, potentially reducing connection headaches for treasury teams.

Maintenance and Updates: According to the vendor, FinLync takes on all bank API maintenance, including future API updates from financial institutions, potentially allowing treasury to focus on strategic work rather than fixing broken bank connections.

Payment Traceability and Reconciliation: The vendor claims that the aggregator provides total payment traceability, instant reconciliation, and simple connectivity, potentially enhancing the efficiency and effectiveness of treasury operations.

Cash Visibility on Demand: FinLync is said to provide real-time cash visibility on-demand, potentially allowing treasury teams to have a clear view of their cash positions and make informed decisions.