Siemens, a Fortune Global 50 technology company focused on industry, infrastructure, transport, and healthcare, has selected FinLync’s corporate bank API aggregator, BankLync, to power its transformation to real-time treasury.
Siemens is leveraging FinLync’s uniquely-advanced multi-bank API aggregator to combine its ecosystem of banks with its internal custom-developed treasury application, finavigate ® – all in real-time. Recognizing that bank APIs will soon render file-based bank data exchange obsolete, the multinational technology company was seeking a way to advance to global, real-time bank connectivity and immediate cross-border payments. Both are a prerequisite for 24×7, instant payment capabilities and to further automate the global liquidity management of Siemens.
Read the full announcement here.