Everlink, a prominent Canadian provider of financial and payment solutions, is excited to share that Everlink and Flinks are actively strengthening their strategic partnership. By incorporating Flinks’ inbound service, this partnership aims to enhance Everlink’s existing Open Banking offerings for Canadian Credit Unions & Financial Institutions (FIs).

Everlink and Flinks announced in January 2024 that FirstOntario had signed a contract with our Open Banking Solution, the culmination of our robust trust framework and outbound product, which included digital identity management for authentication, secure data via APIs, and consent management.

With the growing momentum of Open Banking in Canada, Everlink recognizes the importance of strengthening partnerships with industry innovators like Flinks. Building on this commitment, Credit Unions & FIs who sign up for the Outbound service will also receive Flinks Data-In as part of the package for no additional onboarding or monthly minimum fee.

By integrating Flinks’ Inbound product into its Digital Solutions suite, Everlink empowers credit unions, financial institutions, and other entities to seamlessly adopt a comprehensive Open Banking infrastructure. Specifically, Flinks Inbound facilitates the secure retrieval of data from external financial institutions, enabling FIs and credit unions to enhance product development and elevate customer experiences.

Currently, Flinks is actively managing data inflow for hundreds of Canadian clients, demonstrating their significant role in the nation’s financial data ecosystem. Their established track record serving numerous clients underscores the value of data-in applications across various domains, including:

• Onboarding & Know Your Customer (KYC) processes
• Identity and Bank Account Verification
• Account Funding
• Lending & Credit Underwriting
• Wealth Management
• Personal Finance Management
• Transaction History Analysis

This partnership underscores Everlink’s commitment to revolutionizing how Credit Unions & FIs leverage financial data to better serve their members. By leveraging Flinks’ cutting-edge data aggregation and analytics capabilities, institutions can offer personalized and efficient Open Banking experiences. Through streamlined processes such as accelerated onboarding, KYC checks, credit approvals, and enhanced wealth management services, Everlink and Flinks aim to cultivate a more robust financial ecosystem tailored to the unique needs of members.

Addressing industry challenges:

• Establishing a comprehensive platform without the need for extensive development
• Ensuring seamless integration of Canadian Banks within Credit Unions’ applications
• Simplifying credit application processes through document upload capabilities
• Enhancing the scope of Wealth Management offerings

Solutions we’re bringing:

• Leveraging Flinks’ diverse offerings, including Upload and Connect features, to expedite market entry for Credit Unions & FIs
• Capitalizing on Flinks’ robust connections with Canadian banks to facilitate smooth integrations
• Providing extensive technical expertise and comprehensive documentation to bolster the growth trajectory of Credit Unions & FIs

Mark Ripplinger, President & CEO of Everlink, emphasizes the strategic significance of this collaboration, stating, “Our partnership with Flinks exemplifies our commitment to advancing Open Banking solutions in Canada. Together, we are equipped to address the challenges hindering the adoption of Open Banking and accelerate its integration within the financial landscape.”

Yves-Gabriel Leboeuf, CEO and co-founder of Flinks, echoes this sentiment, noting, “Our collaboration with Everlink underscores our shared vision of driving Open Banking adoption. By simplifying the implementation process for financial institutions, we aim to foster a culture of innovation and accessibility within the industry.”

For further inquiries regarding this partnership, please reach out to your Everlink Account Executive.