The story of Sway Finance

Business managers, finance teams and accountants have a fragmented view of their company’s finances: transactions, payments and liquiditiy are spread across multiple banks, resulting in cumbersome and error-prone cash management and data access overall.

With bLink, our customers can aggregate and access all of their banking data in the Sway Finance app, streamlining the work of finance teams and providing powerful insights and development forecasts to decision makers.

bLink has set the Swiss standard for open banking. It was an obvious choice for us to work with them. From the start of our collaboration, it was clear that we shared a common vision of the need for open banking and the key role it will play in the future of the Swiss financial center. After completing the onboarding and setting up all the necessary compliance processes, we were able to integrate with the platform, test our use cases and welcome our first customers.

Today, they can connect to their bank and manage their consent, granting or revoking access at any time they want directly in the Sway app. Via the Account Information API, our customers also have access to all their transactions, and we’ve built dedicated features to aggregate their liquidity and generate reports for the accounting teams. This solves a first major pain point for external accountants, for example, because they can access this data easily without needing bank access, signature rights, etc., setting up regular reports, etc.

In addition, users can orchestrate their payments thanks to the Payment Submission API We help them avoid costs by suggesting the right account based on the payment they set up, and the rightful owner of the bank can always review and approve the transaction in the bank, guaranteeing the security of the process.

Sway Finance is a real-time cash management platform for businesses. Leveraging open banking and AI technologies, Sway empowers decision makers with a clear and actionable view of their treasury and supports accountants in their operational tasks with supercharged automation.

The Sway Finance App allows the activity of multiple bank accounts to be connected and aggregated into a single workspace. This provides a single point of entry to consolidated views of a company's cash flow, accelerated collaboration and third-party onboarding and seamless integration with accounting and invoicing systems, all of which with the most advanced security protocols built in.

Invoice management capabilities extend the use of the Sway Finance App to process inbound and outbound invoices, get a real-time view of accounts payable and receivable, and perform cash fore-casting and automated reconciliation of invoices to transactions.

Find out more about Sway Finance.