FinLync and Standard Chartered Partner to Accelerate Corporate API Adoption
On September 29, 2021, FinLync and Standard Chartered announced a partnership to accelerate the adoption of Standard Chartered's API offerings by corporate treasury teams. FinLync acts as a banking-as-a-platform middleware provider, embedding bank data directly into ERP systems such as SAP for Fortune 500 and Fortune 2000 clients. The integration covers Standard Chartered's aXess platform APIs including Transactions, Payment Initiation, Payment Status, and Balances.
By replacing legacy bank files and custom middleware with plug-and-play API connectivity, the partnership aims to reduce onboarding time and IT burdens for corporates. Standard Chartered noted the partnership helps clients rapidly unlock more value from its market-leading APIs. FinLync CEO Phillip Klein described the solution as turning complex connectivity challenges into a simple plug-and-play process.
The deal reflects the broader trend of middleware providers facilitating bank-fintech partnerships and open banking adoption in corporate treasury. Financial terms of the partnership were not disclosed.
- Validates the growing role of middleware providers in bridging bank APIs and enterprise systems, expanding the banking-as-a-platform model beyond consumer fintech into corporate treasury
- Signals that major global banks are actively partnering with fintechs to reduce API integration friction, potentially accelerating open banking adoption among large corporates