New York – FinLync today announced that it has launched the industry’s first publicly available corporate bank API catalog for treasury and finance teams. The catalog provides a comprehensive and continually-expanding directory of corporate banking APIs worldwide, which treasurers can compare at the touch of a button.
Bank API services are revolutionising real-time connectivity between treasury teams and their banking partners. However, the historical lack of transparency by treasury technology companies puts treasury teams at a disadvantage. This unprecedented level of transparency will help corporate treasurers understand the options in the API economy and provide those decisionmakers with more information on each bank’s API capabilities based on FinLync’s proprietary rating system.
“Our bank API catalog emphasises the impact of the API economy finally reaching the corporate treasury office,” said Peter Klein, co-founder and CTO of FinLync. “We realise that the rating system and transparency is different, but that is exactly what we are trying to do — rapidly evolve the way treasury teams approach corporate finance. We have designed our technology from the ground up to help treasurers create the future, now. We see this as an important resource that needs to be made available to the entire industry, as innovative thinking like this is what pushes us all forward. Banks must be willing to offer leading-edge APIs so that corporate treasury teams have the information they need to make more-informed decisions with richer and more-precise data. This is just one step to getting an entire global industry closer to real-time treasury.”
Each of the bank APIs included in the catalog have been aggregated into multi-bank connectivity and can be connected to in a matter of weeks by using FinLync’s technology. The catalog also includes proprietary star ratings for each bank API, determined by FinLync’s experts. The release of the public bank API catalog demonstrates FinLync’s commitment to helping forward-thinking treasury leaders make the shift to real-time.
FinLync is continuing to expand its team and bring on new resources to support the leadership’s vision and fulfill its mission. In addition to the new bank API catalog, FinLync recently added leading bank executives to its Advisory Board, which includes:
- Anne Clarke Wolff, Former Chairman, Global Corporate and Investment Banking, Bank of America Securities and Former Head of Treasury and Securities Services Sales, JPMorgan
- Lisa Robins, Former Global Head of Transaction Banking, Standard Chartered Bank
- Stephen Ellis, Former Executive Vice President, Head of Innovation, Wells Fargo
“Our firm has a transformative mission and this is an exciting moment in our journey. Anne, Lisa and Stephen all come from strong banking backgrounds and their support on our Advisory Board will be integral to FinLync’s success as we will continue to focus on solutions that empower both treasury and banking teams,” concluded Klein.