MARKHAM, ON, MARCH 23, 2022 – Everlink, a leader in financial and payment solutions to the Canadian market, is pleased to announce that it has entered a partnership with Flinks, a leader in open banking services.

As open banking continues to gain momentum within Canada, Everlink’s collaboration with Flinks allows financial institutions and other financial services providers to easily launch Flinks Outbound (their open banking infrastructure product) by leveraging Everlink’s Digital Solutions. Outbound has been implemented by two major Canadian financial institutions (National Bank of Canada and Equitable Bank) and allows them to provide secure data-sharing access for their customers to over six hundred FinTechs in Flinks’ network and beyond.
This partnership delivers an innovative architecture that creates the foundation to efficiently deliver open banking capabilities to Everlink and Flinks customers. The benefits of which include:

• Dramatically reduce the development and integration costs required for clients to participate in the open banking ecosystem by leveraging an API-centric platform.
• Enable industry-leading implementation speed with simplified turnkey integration services for Flinks Outbound via Everlink’s Digital Solutions.
• Provide peace of mind through a future-proof architecture that easily adapts as regulatory changes are introduced.
• Enjoy a forward-looking solution with future business requirements in mind that facilitates “payment creation” as well as potential “account creation” and “write access” functionality.

“As a long-time service provider to the credit union and bank communities, we seek to advance open banking directly, with partners, and via membership in progressive industry organizations such as FinTech Canada. We recognize the challenges financial institutions face when adopting open banking as it demands significant investment as well as specialized technological resources,” says Everlink President & CEO Mark Ripplinger. “We are very excited about our partnership with a forward-thinking company like Flinks. Coupled with the investments we’ve made in Everlink eHUB™, together, Everlink and Flinks can bring solutions and expertise to market which will help our clients overcome open banking related challenges and obstacles and accelerate the adoption of open banking in Canada.”

“Advancing open banking is not just about the right frameworks and products, but implementation – and how easy it is to adopt these solutions for financial institutions. For data providers, it’s not only a technological shift but also a cultural one,” says Flinks CEO and co-founder Yves-Gabriel Leboeuf. “This partnership with Everlink, a fellow member of FinTechs Canada, is exciting as it aligns our mutual intent to accelerate the adoption of open banking in Canada.”

For further information about this partnership, please contact your Everlink Account Executive today.