Finlync Designs ERP Integration to Distributed Ledger and Blockchain

596

Share with:


The Blockchain team at Finlync has implemented the world’s first agnostic Blockchain integrator for ERP systems.  Their latest integrator allows seamless plug-and-play integration to SAP, for Ethereum and Hyperledger – with more platforms following suit.  

ERPs, like SAP, are the central backbone for most large corporates, processing data such as purchase orders, deliveries, invoices and payment instructions.  Integration therefore allows for true data interoperability for such corporate banking services like Trade Financing, Payments and Contract Management.  

APAC Technology Director, Peter Klein, said:

“…the Finlync SAP-DL Integrator gives effortless process integration with trusted communication to Bank’s Distributed Ledger platforms.  This allows corporates to experience secure access and centralised control – all within their already existing ERP”.

Banks and financial institutions can benefit from a risk-adverse solution to onboard their corporate clients quickly and efficiently to their BlockChain offerings.  Peter says:

“Banks are working with us to secure their existing client relationships, whilst opening new revenue channels, by integrating ERP corporates to the multi-party value chain.”  

Finlync have an extensive history of implementing ISO20022 messaging standards for ERP to Bank Communication. Whilst leveraging on this experience, they are now evaluating for new and effective messaging integration in the distributed ledger.  

The SAP-DL Integrator has a light footprint which can integrate even with older versions of SAP, but leverages innovative, user friendly and attractive HTML5 type user interfaces.  The technology utilizes API calls for real-time integration of ERP data to Blockchains.  

Finlync  are running demos of the latest solution and pursuing for continual collaboration.

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

Visit Website
View All Articles
Buy Bitcoin at CEX.IO

Get Blockchain News Where You Are!

Join our Linked in GroupLike our Facebook Page
Linkedin Group BlockchainLinkedin Facebook Group