Flinks launches Investments: investment data aggregation solution
By Pavithra R
Montreal based Flinks, a data company empowering businesses to connect users with their preferred financial services has announced the launch of Investments, a data connectivity solution that enables financial businesses to retrieve user permissioned data from wealth and investment accounts across more than 75 platforms.
Investments provide a wide range of service providers including finance management apps, wealth professionals, mortgage and personal lender, brokers and robo-advisors with the data connectivity solution they need to digitally acquire clients, holistically manage accounts, and streamline the user experience. Investments enables information to be standardized across each institution, allowing providers to understand and use financial data in a straightforward manner.
“Wealth management is a cornerstone of Canadians’ financial well-being. Yet, as a whole, the industry hasn’t fully adapted to the digital era. With Investments, our goal is to digitize and simplify how Canadian wealth professionals and service providers access, transform and act upon the data that they need. We’ve already seen this happen within retail banking through their creation of world-class digital products. This expansion into wealth management opens up even more opportunities for the Canadian investor,” said Yves-Gabriel Leboeuf, CEO of Flinks.
Investments is based on Flinks’ connectivity technology. The solution is trusted by hundreds of institutions, including National Bank of Canada and Wealthsimple and has enabled one out of every three Canadians to share their retail banking information with the financial service providers of their choice, through simple and secure connections to their accounts.
The solution launch marks the expansion of Flinks’ financial data network, which enables service providers to retrieve multiple types of financial information in order to diversify their offerings, improve their products and build the financial institution of the future.
Also read: Step announces official launch & partners with Visa to enhance financial skills.
Founded in 2016, Flinks help businesses connect users with financial service. The firm enables businesses to connect users’ bank accounts, enrich their data, and utilize it to deliver better products.
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