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Briefing

EQ Bank signs data-sharing deal with Flinks

The bank will join National Bank in using Montreal-based Flinks’s platform, which lets customers share their financial data with third parties such as fintechs. (The Logic)

Briefing

EQ Bank signs data-sharing deal with Flinks

By Jon Victor
Jul 14, 2022
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The bank will join National Bank in using Montreal-based Flinks’s platform, which lets customers share their financial data with third parties such as fintechs. (The Logic)

Talking point: The partnership between EQ Bank and Flinks, in which National Bank bought a majority stake last year, is yet another sign of growing cooperation between Canadian fintechs and smaller banks in areas like open banking and payments. “With Flinks and EQ Bank coming together, EQ customers will be able to use hundreds of applications seamlessly and securely,” Equitable Bank CEO and president Andrew Moor said. With Canada expected to roll out an open banking system sometime next year, RBC also announced a similar partnership with Plaid in June to provide third parties with access to its customer data.

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