KUALA LUMPUR, Sept 9 (Bernama) -- 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, announced that it has launched its inaugural Power Rankings Report for Corporate Bank APIs.
The report delivers unprecedented transparency into the status and quality of premium bank APIs being developed for different use cases across the global banking industry.
In tandem with its Bank API Catalog, FinLync provides the industry with the most comprehensive resources on corporate bank API availability and performance currently available.
“We consistently hear from treasurers who want to know which banks offer the top APIs today. With the launch of this report, we are excited to provide a new resource to corporates who are increasingly seeking and utilising bank APIs to solve real treasury challenges,” said Peter Klein, co-founder and CTO of FinLync in a statement.
This report comes amid a broad acceptance in the banking community that API technology is replacing legacy forms of corporate bank connectivity.
This shift is critical, as much of the innovation consumers have come to expect from their banks, such as a real-time view into their account balance, has not translated to corporate finance, where many treasury teams are still dependent on day-old bank statements to see their recent cash positions.
The majority of global banks are either live with or piloting fundamental API categories covering cash visibility and payments, with many looking to expand into more unique and embedded market offerings.
The inaugural Power Rankings Report spotlights HSBC, Standard Chartered Bank and Wells Fargo as the “Top 3 Banks for Corporate APIs Overall,” based on these institutions' commitment to developing premium bank API offerings that meet the needs of today’s treasurers.
For more information, visit https://www.finlync.com.
-- BERNAMA
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