DBS has partnered with FinLync, a privately-held, global fintech company transforming corporate finance and treasury offices by aggregating global banking APIs to deliver embedded real-time payments and cash management. This will provide a simpler and more efficient way for corporates to digitalise their corporate treasury functions by leveraging DBS’ extensive API (Application Programming Interface) suite RAPID.
The DBS-FinLync partnership will enable corporates to experience greater ease of integration, eliminating the need for complex implementation projects, which are often tedious and costly. With plug-and-play capabilities to integrate banking services through the bank’s APIs into their workflows, corporates can now directly connect to and leverage DBS’ extensive suite of cash management, workflow, trade, information and foreign exchange (FX) services in real-time. This helps corporates to accelerate the pace of automating their treasury operations and speed up their decision-making processes – all of which are key in ensuring corporates stay ahead of the curve and optimise working capital.
Read the full announcement here