The Canadian fintech has launched Professional Services and Managed Services to help institutions develop, operate and scale capabilities including account switching, investment transfers and payroll switching.
Flinks has expanded its enterprise offering with two services aimed at financial institutions and fintechs that want to launch new customer features without carrying the full operational burden themselves. The Canadian embedded finance company says the packages are designed to help clients create and run capabilities such as account switching, investment transfers and payroll switching on top of its existing banking connectivity, data intelligence and money-movement infrastructure.
According to Flinks, the first service, Professional Services, is meant to take projects from concept to launch through a three-stage process: scoping, building and managing. The company said its consulting teams can work with clients to define a use case, then assemble dedicated delivery squads that handle architecture and development while building security and regulatory requirements into the work from the outset. In addition to the examples already named, Flinks said the service can support white-label credit underwriting and distribution through third-party applications.
The second service, Managed Services, is intended to cover the longer-term work of operating those capabilities after launch. Flinks says that includes partner onboarding, accreditation, consent management, governance, service commitments and support, together with the underlying read and write APIs. The company also said institutions that share data with third parties can use a single connection to Flinks rather than managing numerous direct relationships themselves. Flinks noted that its open banking infrastructure, previously offered as Flinks Outbound, now sits within this managed offering.
The launch reflects a wider trend in financial technology: many banks and fintechs already have the technical building blocks to offer new services, but struggle with deciding which features to prioritise and how to support them over time. Flinks said the two offerings are designed to work together so that a capability built with Professional Services can move straight into Managed Services at launch, with the same team operating it afterwards. The company, which counts EQ Bank, National Bank of Canada and Wealthsimple among its clients and says it connects to more than 15,000 institutions, is majority-owned by National Bank of Canada.
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