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Raiffeisen Bank International signs partnership agreement with FinLync
Raiffeisen Bank International has signed a partnership agreement with treasury fintech FinLync to provide cash management services via corporate bank APIs & Long lasting collaboration to provide Raiffeisen Bank International’s offering to corporate customers in Austria and CEE.
Raiffeisen Bank International (RBI), a leading corporate and investment bank in Austria and CEE, joined forces with FinLync, a privately-held, global fintech company to enable corporate treasury and finance teams to rapidly and easily connect to RBI’s commercial bank API offerings in the field of cash management.
FinLync transforms corporate finance and treasury offices by aggregating global banking APIs to deliver embedded real-time payments and cash management. Through FinLync’s uniquely advanced products, RBI’s state-of the-art commercial bank APIs and offerings will be made available with an easy plug-and-play approach to existing and new corporate clients.
Susanne Prager, Executive Director and Head of Cash Management at RBI, commented, “With FinLync, we have found the optimal partner especially when it comes to serving our international customers, that are using SAP for their treasury operations. From now on, they can consume RBI’s best-in-class cash management services directly in the environment they appreciate – and all that in real-time, which we consider as the new standard.”
Toby Michelmore, Global Head of Partnerships at FinLync, said, “In a world that demands immediacy, today’s corporate treasurers are under pressure to do more with fewer resources. Treasury teams are turning to forward-thinking financial institutions like RBI and FinLync’s leading technology, to provide greater speed, automation and security for bank data movement. We are proud to partner with RBI, recently recognized as a Category Winner for excellence in Transaction APIs and Payment Status APIs in the 2022 FinLync Bank API Power Rankings report, to enable their clients to more easily access their suite of corporate bank APIs.”
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