Release Notes

• Dedicated depositary workflow to streamline collaboration in fund operations

LYNKS now offers a dedicated space with custom workflows to support depositaries in maintaining oversight duties and enhancing control across all stages of their investment payment operations. This new feature introduces unprecedented visibility for all parties involved, namely fund administrators, depositaries and banks, ensuring a smoother and more secure collaboration.

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• Automated payment approvals & rejections

Thanks to this new feature, users will be able to automate their approval processes by setting up signatory rules for payments that meet specific requirements (e.g. specific thresholds, incorrect parameters, etc.). The conditions of application are fully customisable in line with company policies/risk matrices and all automatically approved or rejected payments will appear in the audit log, along with the rule applied, allowing for a fully secure yet automated experience.

• New permission scope based on counterparties

This release introduces the ability to assign user permissions scoped to specific counterparties, enabling administrators to define which counterparties should be accessible by which users just like when ordering accounts, for an even more customised rights management.

• UX enhancements

Various refinements across the platform to ensure an always more intuitive and user-friendly interface. Enhancements included a thorough review of labels, pagination and more.

• Securities reporting
  

Users can now access a consolidated view of their securities across multiple bank accounts, portfolios and currencies allowing them to have a clear and comprehensive view of all assets accounts and banks in one platform.

• Integration of SCIM protocol for user management
  

LYNKS now supports the SCIM (System for Cross-domain Identity Management) protocol, making it easy to connect with external user directories. This means users and groups can be automatically added to LYNKS, streamlining user management – especially for larger teams managing multiple tenants at once.

• Workflow automations via webhooks

With the addition of webhook support, LYNKS now enables real-time notifications for credit transfers, direct debits, and account statements. This allows clients to automate workflows and improve integration with their internal systems.

• UI front-end tokenisation

The introduction of design tokens into LYNKS’ front-end codebase makes the design system significantly more scalable and flexible. This upgrade allows for a powerful theming architecture, paving the way for a fully white-labelled platform experience tailored to each client’s brand.

• Automated cash concentration

The new feature allows users to automate fund transfers between bank accounts. Users can set up and automate transfers by easily instructing the platform on when, how much and which accounts to use, streamlining cash flow management and significantly reducing manual effort.

• Cash pooling dashboard

Users can manage all cash pooling accounts in one place with a comprehensive view of all configured cash concentration automations. This includes the status of each automation (e.g., active, pending), source accounts, target balances, master accounts, upper thresholds and funding accounts.

• Automation maps

The feature includes a dedicated visualisation area where users can clearly map account relationships and track money flows between sweeping and funding accounts. This view enhances transparency, making it easier to analyse and manage cash movements efficiently.

• UI/UX enhancements

Various refinements across the platform to ensure a cleaner, more intuitive interface and improve usability, including, among others, a full redesign of request cards on the mobile app (iOS and Android).

• ERP integration using a local file system

Users can now map their network drive to WebDAV, enabling secure and collaborative file access and making downloading statements or uploading payments even more convenient.

• Warning message in case of payment duplication

LYNKS can detect potential payment duplications, alerting users before final confirmation, adding an extra layer of oversight to the process.

• New dashboard view by account group

Users can now filter and customise dashboard views based on specific entities or account groups, offering greater flexibility and enhanced visibility across the platform.

• KYC control with risk screening in counterparty creation

New counterparties are automatically screened against blacklists, sanction lists and adverse media at the time of creation, ensuring risk levels are defined and updated before transactions occur.

• Counterparty integration and synchronisation with KYC Manager

Users can now synchronise LYNKS and KYC Manager, Finologee’s digital onboarding, remediation and customer file lifecycle management platform, in order to automatically transfer counterparty profiles from KYC Manager to LYNKS.

• Bulk editing of roles and permissions:

Administrators can now bulk edit roles and permissions, simplifying user management and boosting efficiency.

• API integration for payment signatures at creation

External API integration now allows users to embed payment signatures within the creation workflow, maintaining full compliance with the signatory matrix.

• (Fund Industry) Capital call – demo use case

Fund managers can now initiate a capital call directly from an Excel template sheet in the demo environment. This feature allows private equity (PE) professionals to gain better visibility over incoming payments from limited partners (LPs), with the ability to display/filter transactions based on specific references (payment message, amount, name, beneficiary name, etc.).

• Tenant configuration – signatory groups

New UI for adding user groups and signatory groups per tenant, enhancing user management and control.

• Filtering by account group

New transaction history and filtering options available by account group for enhanced transaction insights.

• Cancellation notification to auditors and signatories

Users with Auditor and Signatory roles will receive a notification in case of payment cancellation, ensuring transparency and oversight.

• FX/Foreign currency alerts

An information message is now displayed to users whenever the transaction currency differs from the ordering account currency to ensure awareness.

• Swift Pre-validation API

With the Swift’s payment pre-validation solution within the LYNKS ecosystem, users can verify payee account details before initiating payments, effectively reducing transaction failures, enhancing accuracy and minimising risk of fraud.

• Tenant configuration – Signatory rules

Effortlessly manage signatory rules directly from the administrative section with the user-friendly “Signatory rules” menu item. A tenant admin can view all the signatory rules available and easily manage them by adding one or multiple users to a rule – all without needing any external assistance.

• Tenant configuration – Accounts & account groups

Easily manage account groups directly from the administrative section. With this new feature, a tenant admin can create accounts groups from existing ordering accounts and assign the same account to different groups – all without needing any external assistance.

• Report – Account Statement

Users can now streamline payment reporting by extracting transactions from multiple bank accounts, simplifying the bank and account-wide reconciliation process and enabling seamless reporting.

• Various design enhancements and UX improvements

Our commitment to continuous improvement shines through with various design enhancements and UX improvements.

• Fee collection

With the fee collection feature, users can conveniently manage all fee collections via direct debit on LYNKS and monitor each step using an improved dashboard.

• FinologeeSIGN

The Authenticator app is now FinologeeSIGN, a secure and user-friendly mobile app, ensuring secure payment within the LYNKS ecosystem.

• Enhanced transaction display

Inclusive of both incoming and outgoing transactions, this advanced view showcases all transactions, whether initiated through LYNKS or external sources.

• Bank accounts display

Users can now group accounts based on various criteria, leading to a more organised and visually engaging interface.

• Advanced tenant configuration for multitenancy support

Admins can now seamlessly add a user to a new tenant, even if this user already exists in another tenant, while also enabling Single Sign-On functionality.

• Various design enhancements and UX improvements

Our commitment to continuous improvement shines through with various design enhancements and UX improvements.

• Upgraded dashboard designs and further interface enhancements

This new dashboard not only boosts visibility and efficiency but also furnishes users, e.g. treasurers, with a clearer overview of cash flow and cash management forecasts.

• Correspondent bank information integration

When initiating international payments, users now have the flexibility to manually input their preferred correspondent bank’s BIC or seamlessly browse through a curated selection of alternatives offered by LYNKS, ensuring a streamlined integration process.

• Integrated forex feature

Empowering users to consistently predict balance and cashflow evolution, this feature opens up new avenues for strategic financial planning.

• Additional payment checks for enhanced security

The balance of ordering accounts and total amount selection is now directly presented.

• Flexible account management control

Maximum flexibility is granted to deactivate ordering party accounts.

• Unique email address and authentication app for multiple tenants

Simplifying users’ access journey, this update enables users to use the same email address and authentication app across multiple tenants.

• BIC auto-fill function

The feature automatically provides the BIC when IBAN is entered.

• Various design enhancements and UX improvements

Our commitment to continuous improvement shines through with various design enhancements and UX improvements.

• Single debit

Users can combine multiple individual transactions into one single amount to ensure payment integrity in various contexts, such as salary payments.

• Integration with any ERP, TMS or end-point

Users can seamlessly connect to any ERP, treasury management system or end-point to streamline automated payment processing and establish an end-to-end payment workflow. Once users register an invoice within their company’s system, ENPAY serves as a single bank gateway for smooth authorisation and payment processing.

• Track your payments

This feature improves the visibility and transparency of credit transfer status. Through a new user-friendly timeline, users can track, sign and authorise payments in real-time, enabling quick identification and resolution of any potential issues.

• Payment confirmation via FinologeeAuthenticator

Using FinologeeAuthenticator, Finologee’s mobile app, signatories are notified of individual or batch payment transactions on their mobile devices, enabling biometric authentication for authorisation. Additional technical improvements have also been integrated into the FinologeeAuthenticator application.

• Single-Sign On authentication possibility

ENPAY offers the Single-Sign On option and supports any authentication schemes such as Microsoft Active Directory, Google Workplace, etc.

• API Portal documentation

ENPAY provides users with a comprehensive documentation about ENPAY REST API and an associated user guide.

• Various design enhancements and UX improvements

Continuous improvement of the user experience

• Multitenancy support for Enpay and Authenticator

For service providers or companies that manage payments for their customer –
Users of these companies who need to access data from multiple companies can switch between multiple clients with SSO (Single Sign On). Yet, the data of these companies is separated from each other.

• Users onboarding flow

The users onboarding flow includes receiving notifications during the registration process and ensuring account activation through two-factor authentication.

• User access management

User access management has been made more granular. The administrator can now restrict a user’s access to a limited number of accounts, to payments in certain currencies or to specific payment categories. This allows finer control over user permissions.

• Tenant settings – Payment categories, allowed currencies

At the tenant level, administrators have the ability to define payment categories and specify the accepted currencies.

• Payment creation rights – creation of drafts and requesting authorisation by different users

The payment right has been designed in a more granular way to allow for better management of the payment workflow.

• Share fees for payment in EUR in the SEPA Zone

For payment in EUR currency and between two bank accounts in the SEPA zone, the fees are set to SHARE by default, without the possibility to change this.

• Various enhancements and UX improvements

Continuous improvement of the user experience

• Operational dashboard

ENPAY new dashboard for bank account balances and transactions provides an easily accessible and organized view of your company’s financial situation. It enables you to quickly identify any unusual or unauthorized transactions and to take appropriate action.

• Customise your data table views

ENPAY users have different needs, specific tasks and requirements to handle the overall payment process properly. As an example, an accountant may need to see different columns and use different filters than a signatory or a compliance officer. This new feature will allow you to set up your data table in a way that is most useful for you. You can now show/hide/reorganise columns, filter, and sort your data table as you wish.

• More information about your bank accounts

An enhanced cash management feature provides users with a quick and easy way to access account information. Users can view their current and previous balances and track changes over time. Additionally, the feature displays the number of future transactions, and their values, giving users a more comprehensive view of their finances.

• Draft your payments

You can now create drafts of payments on ENPAY. This new feature allows approval process by multiple parties, such as accounting or financial teams (4 eyes principle). It also helps you to prepare and schedule future payments and reduce your fraud risk by reviewing the payment details and verifying that the payment is legitimate before submitting them for authorisation

• Group your transactions

ENPAY now offers a new professional way to manage your payments. Group your payments based on your business activities and take action and keep track on all of them at once. Coupled with our duplicate payments feature, managing your monthly payments, deals, or cascade payments have never been easier.

• In-line editing

All your drafts can be edited on the fly. List all your payments on your transactions page and instantly edit their beneficiary, ordering account, amounts or even communication within one click.

• Concurrent actions

Make your team even more efficient. If multiple persons are working in the same time on your payments, ENPAY will spot the transactions which can’t follow your specific flows and highlight them so you can take action or ignore them.

• API improvements

Counterparties, payments, and risk assessments’ API have been updated. Adding new functionality to make it more useful and versatile for developers. Providing clear and comprehensive documentation to improve the usability of the API.

• User management improvement

The registration process has been improved to be even more user-friendly and efficient. The setup of FinologeeAuthenticator/Luxtrust has been streamlined and new tools have been provided to make it easier for the administrator to manage the accounts.

• Non-IBAN account for your counterparties

Enpay is now ready for international payments!

• New floating button to create your payment, counterparty or screening

To become even more efficient, a floating button on the bottom right of your screen helps you to quickly add a payment, a counterparty or launch a screening of your ultimate beneficiary.

• Attach documents to your counterparties and payments

Attach an invoice, a document of proof or a note for your future auditor has never been as easy. Just drop or link your document. You can also request a specific workflow link to your attachment.

• Login page and main menu redesign

To celebrate ENPAY’s 1^st anniversary, we decided to refresh the design for you. We hope you like it.

• More details about your accounts

Following our users’ request, the “My accounts” item bar view has been redesigned to be able to view, aggregate and display your bank accounts’ balances over time.

• Be aware of your pending actions
  A brand new centralized “Action centre” has been designed to help the user to find all his pending actions.
• Dashboard View Improvement
  The dashboard now provides at-a-glance views of all ENPAY key performance indicators.
• Send your invoices via PEPPOL
  Finologee is a certified Peppol service provider, meaning that ENPAY is allowed to send electronic invoices to entities enrolled with Peppol, namely Government and public sector institutions.
• Duplicate or cancel payment
  New payment flows have been added to facilitate the duplication of payment and avoid mistakes by allowing the user to cancel a payment until it’s sent to the bank.

• KYC Control – Monitoring module
  ENPAY now provides a module to automate ongoing monitoring of counterparties, conducting regular name screenings based on their risk level.
• Advanced Filters and Show/Hide Columns in Tables
  The page filters component allows users to narrow down the data being presented on a page. Users can select multiple filter criteria depending on their needs. On top of it, the user can now select the columns he would like to focus on.
• Counterparty Management Improvement
  Manage the counterparties in a more flexible and faster way, adding new possibilities to edit, resubmit, reactivate, and authorise counterparties.
• Display transactions on Counterparty
  Display counterparty transactions on the counterparty details page
• Reporting Improvement
  Users can download transactions as PDF, CSV or MT940.

• KYC Control – Screening module
  To manage compliant payment, ENPAY launches a new KYC control feature to allow the user to screen individuals and organisation on sanctions, PEPs, and adverse media databases.
• The place to retrieve all your reports.
  Include all MT940 transactions, populate ENPAY specific columns for ENPAY transactions, allow selecting multiple ordering parties, and support MS Excel.
• Counterparty Management Improvement
  Manage the counterparties in a more flexible and faster way, adding new possibilities to edit, resubmit, reactivate, and authorise counterparties.
• Redesign form inputs
  Form inputs allows users to submit data to ENPAY. Some examples are text input, multi-select, checkboxes, radio buttons, or slide toggles. They have been reviewed to enhance the user experience.