EQ Bank selects Flinks for open banking data sharing

This partnership, and the combination of Flinks Outbound, an open banking surroundings, supplies EQ Financial institution with the framework to shortly ship versatile open banking capabilities and simply launch and function new API knowledge sharing strategies whereas offering the financial institution with essential new knowledge administration capabilities. EQ clients who present specific consent can have the visibility into what knowledge are they sharing, with whom and for a way lengthy.

With Canada’s quick rising community of fintechs apps, Flinks allows simple adoption of those APIs by managing the onboarding, accreditation, and help.

“This announcement marks an essential milestone within the evolution of the lengthy partnership between Flinks and EQ Financial institution,” mentioned Andrew Moor, President and CEO of Equitable Financial institution. “Our two firms have lengthy been philosophically aligned in believing that open banking can deliver broad advantages to Canadian society. We work carefully collectively to interact with authorities and trade teams to attempt to deliver open banking to life in Canada and are delighted to ship towards that precedence and convey revolutionary providers to our clients to offer them extra management over their monetary lives and their knowledge.”

“Lots of our clients have been asking for extra seamless methods to share knowledge with their different monetary apps and we’re excited to have the ability to act on their suggestions by way of this partnership with Flinks,” mentioned Cathy Ly, Vice President, Buyer Expertise, Digital Banking for Equitable Financial institution. “Simply as essential, nonetheless, are these clients who haven’t requested about knowledge sharing as a result of they’re unaware of the advantages that may come from it. We’re trying ahead to reinventing how clients interact with EQ Financial institution and their monetary knowledge by way of open banking.”

“Fintech adoption is right here to remain and the successful banks are those who can give attention to methods to create worth for his or her mutual clients and embrace it. We’re thrilled to see Equitable main the way in which in taking motion to make open banking occur,” mentioned Frederick Lavoie, Flinks’ Chief Working Officer.