TORONTO, July 23,
2024 /CNW/ - Columbia Valley Credit Union (CVCU), a
forward-thinking credit union dedicated to innovative financial
solutions, has proudly announced its partnership with Flinks, a
leader in Canadian open banking. CVCU — a client of Central 1
Credit Union (Central 1) who has partnered with Flinks to offer a
solution to share financial data — recognizes the immense value of
the simple and accessible entry point into the current open banking
ecosystem the Flinks solution provides for credit unions. By
choosing Flinks, CVCU leverages an industry-recognized partner
whose solutions are already live in the market, ensuring an easy
and efficient adoption process.
Flinks' technology assists with both data inflow and outflow, as
well as efficient and reliable data analysis, providing a
comprehensive solution that meets the diverse financial needs of
CVCU's members.
Through Flinks, CVCU will gain access to an extensive network of
accredited fintech platforms and applications. This empowers their
members to seamlessly connect with a variety of innovative
financial tools and services, enhancing their banking experience
and offering them a wealth of new opportunities to manage and
optimize their finances.
"Our partnership with Flinks marks a significant milestone in
our commitment to innovation and member service," says Rob Parker, CEO, CVCU. "The impending open
banking framework will modernize Canada's financial industry, and we're excited
to offer our members the benefits of this cutting-edge
technology."
"By prioritizing the needs of its members and proactively
adapting to regulatory shifts, this partnership with Flinks is a
clear indication of CVCU's commitment to innovation," said
Yves-Gabriel Leboeuf, CEO at Flinks.
"We're excited to be part of CVCU's transition into the new era of
financial services."
"It's great to see CVCU take advantage of Flinks' offerings to
begin their open banking journey," said Erick Wong, Chief Product Officer for Central 1.
"We're proud to support solutions that enable optionality and
flexibility as our clients and others in the system prepare for
Canada's official open banking
regime."
About CVCU
Established in 1955, Columbia Valley Credit Union is a
full-service financial institution that serves its members in
Golden and the Columbia Valley. Columbia Valley Credit
Union offers a full range of products and services and highly
personalized service for members and the community.
www.cvcu.bc.ca
About Flinks
Trusted by millions of individuals accessing financial services
at world-class companies, Flinks enables businesses to connect to
their customers' financial accounts, enrich this data, and utilize
it to deliver better digital products. Serving innovators in
lending, FinTech, digital banking, asset management and insurance,
Flinks is becoming a global leader in financial data open banking
and analytics. To learn more, visit www.flinks.com
About Central 1
Central 1 cooperatively empowers credit unions and other
financial institutions who deliver banking choice to Canadians.
With assets of $11.2 billion as of
March 31, 2024, Central 1 provides
critical services at scale to enable a thriving credit union
system. We do this by collaborating with our clients, developing
strategies, products, and services to support the financial
well-being of their more than 5 million diverse customers in
communities across Canada. For
more information, visit www.central1.com.
SOURCE Flinks