Montreal fintech connects firms and clients

Financial services firms now have access to a new way to collect client data.

Montreal-based fintech Flinks, a financial data company, has launched a “data connectivity solution” that allows firms to retrieve client data — with the client’s permission — from wealth and investment accounts across more than 75 platforms, the fintech said in a release on Tuesday.

The new offering, called Investments, provides wealth professionals and other service providers with a way to digitally acquire clients, manage accounts and streamline client experience.

With Investments, “information is standardized across each institution, allowing providers to understand and use financial data in a straightforward manner,” the release said.

Yves-Gabriel Leboeuf, CEO at Flinks, said in the release that the goal with Investments is to “digitize and simplify” how wealth professionals “access, transform and act” on the data they need.

The new solution is based on connectivity technology already used by such firms as Wealthsimple, the release said.

While Wealthsimple was originally considered a robo-advisor, the online platform has expanded to include banking products and tax services.

Flinks also has a partner in National Bank. Earlier this year, Flinks received funding from the bank’s corporate venture capital arm, as well as debt financing from the bank’s tech and innovation banking group.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.