Standard Chartered is working with fintech FinLync to help corporate treasury and finance teams connect to the bank’s API offerings.
Standard Chartered says that the partnership will help clients make the shift to real-time treasury and significantly increasing working capital efficiency.
Corporates will be able to make decisions faster, more frequently and based on more-precise information, giving them an edge over their competition without the time and financial investments typically required in such integration projects.
The bank has a host of APIs available via its Open Banking platform, aXess, including Transactions, Payment Initiation, Payment Status and Balances. FinLync’s technology can directly embed account data into any clients’ ERP platform, especially for SAP, providing real-time visibility into account data and cash positions.
Philip Panaino, global head, cash management, Standard Chartered says: “Beyond the building of APIs, we recognize 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.”