JUST RELEASED: The 2022 Corporate Bank API Power Rankings. Visit our Fintelligence page to view the report.

ESG, corporate banking APIs and me

Branson Low | December 13, 2022


It’s no novelty that ESG gets a lot of airtime in today’s world, and for good reasons. Everyone must consider how our actions represent our responsibilities on the sustainability of our environment, our relationship to others and to how we discharge our duties.


Many of us in finance technology companies, in banks and in corporate treasury or finance can easily get lost on what we can do to contribute to these important responsibilities.


FinLync champions the use of corporate banking APIs as part of its key mission to bring the consumer banking experience to corporate treasury and finance professionals. Here’s our take on where this mission fits with regards to ESG goals.

What is ESG?

ESG stands for environmental, social and governance. These are all factors that have an impact on the way a business operates, its performance, and its overall success. Many companies are now looking at these factors when making decisions about which technologies to invest in to ensure their technological investment is not only highly effective for the business, but also ethical and sustainable.

Traditional finance computing

Almost a quarter of the way into the 21st century, most of the corporate banking and finance computing work is still done using batch processing. This is mostly a legacy mindset, that is deeply entrenched in finance culture. While some finance activities seem to only make sense as a batch execution process, such as payroll, many activities are not bound to monthly rhythms except by convention and habit.

What if payroll, vendor payments and reconciliation could be done as an “always-on” stream process, instead of batched by months or weeks? This is exactly what modern corporate banking APIs enable today.

Bank APIs: more effective processing with a lower carbon footprint

Stream processing relies less on high intensity bursts of computing power, which has an impact on energy requirements and carbon footprints. While there’s still a time and place for batch processing (e.g., machine learning jobs to detect patterns and inform decision making patterns), reducing reliance on these for standard data messaging and processing would go a long way towards reducing energy expenditure. These savings can express themselves not just in lower cost of operations, they can also be translated to unused carbon credits or simply the clear conscience of using resources efficiently.

The continuous flow of information, with reduced feedback loops, that is offered by APIs can also be directly mapped to important governance values. After all, real-time cash visibility is not just business practice, it’s also a proof point of a well governed finance operation. The constant awareness of cash pools to be invested for yield, current exposure in foreign currencies, or simply being able to track the status of in-progress payments or automatically close open items in accounts receivable are immensely useful as business advantages, and they also make for a well governed shop.


Small decisions, long-term impact

It’s hard to consider how small decisions and tasks make an impact, when the scale is measured in decades. It’s even harder to consider when these tasks are virtual or conceptual, instead of concrete and physical. However, it doesn’t make them any less important. In fact, at the speed and rate of the modern world, these are likely to be the issues that are shaping the end of our century, or even the next. It’s never too late to act, and the ability to start the journey with something as indirect as how financial information is transmitted is here, today.

Essential Guide to Bank APIs

Nuno Jonet

Global Head of Product & Technology

Nuno Jonet is an accomplished Product and Technology leader with over 15 years of experience and expertise in IT infrastructure, web and software development, mobile and applications development and optimization, logistics and operations, branding and marketing. Combining a customer-oriented and business-savvy approach with an aptitude for strategic product vision and execution, Nuno believes in the value of delivering technological solutions and maximizing the potential of products, services, organizations and people. Nuno holds a degree in Computer Science from Portugal’s Institute of Advanced Technologies (ISTEC), and is fluent in English, Portuguese, Spanish, French and Mandarin.