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Deutsche Bank partners with FinLync to provide instant access to real-time treasury for corporates

Deutsche Bank partners with FinLync to provide instant access to real-time treasury for corporates 1

Partnership with FinLync accelerates adoption of real-time treasury  among corporates, reducing IT efforts and time spent for treasurers  connecting to Deutsche Bank APIs

Deutsche Bank today announced its partnership with FinLync, a global fintech  company offering products that are transforming corporate finance and treasury  offices. FinLync’s pre-built API integrations and SAP-embedded treasury  applications will enable corporate treasury and finance teams to connect to  Deutsche Bank’s API offerings rapidly and easily.

FinLync’s technology directly embeds up-to-the-moment bank data into any  enterprise resource planning (ERP) platform or treasury management system  (TMS), enabling plug-and-play access to Deutsche Bank’s comprehensive suite of  innovative APIs. Other benefits include more-precise cash forecasts and improved  working capital efficiency through:

  • 1-click global cash position that can be refreshed as frequently as desired;   real-time payment tracking from initiation to receipt;
  • beneficiary account pre-validation;
  • accelerated automated reconciliation.

A recent survey by the Association of Corporate Treasurers in partnership with  Deutsche Bank shows that API-enabled benefits such as “improve cash  forecasting accuracy” and “increase automation” rank as top priorities among  treasurers (see figure 1 below). However, ambitions are often yet to be  transformed into reality as many corporates worry about the complexity of API  integration across multiple banks, regions, and entities. The new partnership  addresses this concern and will provide simple, fast, multi-bank connectivity.

Issued by the media relations department of Deutsche Bank AG Taunusanlage 12, 60325 Frankfurt am Main

Phone +49 (0) 69 910 43800, Fax +49 (0) 69 910 33422

Internet: db.com/news Email: db.media@db.com

“Our integration with FinLync makes it much easier for corporates to adopt our  banking APIs and shortcut the road to automated, real-time treasury,” says Kerstin  Montiegel, Global Head Client Connectivity / Digital Client Access Channels at  Deutsche Bank. “FinLync’s pre-built API integrations and SAP-native applications  significantly reduce the complexity of building and maintaining individual API  integrations with SAP and other ERPs for our clients.”

Phillip Klein, co-founder and CEO of FinLync, said: “We are excited to join forces  with Deutsche Bank’s renowned Corporate API Program. We will support its  clients by making bank API connectivity a simple plug-and-play experience,  enabling corporates to manage liquidity in real-time and ultimately supporting  faster, more-informed decision-making”. He added: “Corporate finance teams  have long sought the ability to access all their available bank data and deliver it  directly into their existing systems. We are delighted to partner with Deutsche  Bank, a global leader in API-based corporate banking, to make this a reality.”

The partnership demonstrates Deutsche Bank’s commitment to developing bank  APIs that foster efficient and strategic actions, as well as FinLync’s position as the  global market leader in multi-bank Application Programming Interface (API)  connectivity and ERP-native apps. Both parties plan to co-innovate and broaden  the range of pre-integrated Deutsche Bank APIs to additional use cases, including  eBAM and expanding the applications of beneficiary account validation.

For more information, visit https://www.deutsche-bank.de/finlync Figure 1: API-enabled benefits such as improved cash forecasting and workflow automation rank  as top treasury priorities for 2022. Sample: N=194 corporates from 34 countries. Source:  International Treasury Benchmarking Survey by the Association of Corporate Treasurers in  partnership with Deutsche Bank.

Deutsche Bank partners with FinLync to provide instant access to real-time treasury for corporates 2

Figure 1: API-enabled benefits such as improved cash forecasting and workflow automation rank as top treasury priorities for 2022. Sample: N=194 corporates from 34 countries. Source: International Treasury Benchmarking Survey by the Association of Corporate Treasurers in partnership with Deutsche Bank.

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