Ping identity helps Flinks empower Fintech innovators with a true open banking experience
Identity security connects financial data to Fintech apps in a seamless, secure and compatible way
DENVER, July 19, 2022 / PRNewswire / – Ping Identity (NYSE: PING), the intelligent identity solution for enterprise, and Montreal-based open banking platform, Flinks, has activated millions of customers across the United States and Canada to connect their financial accounts to fintech apps and enjoy new streamlined banking experiences in a safe and compatible way.
From user onboarding to digital loan applications and money transfers, Flinks’ open banking API technology enables financial companies to access the bank-based financial data they need, with just a few clicks from their customers. But to achieve this innovation in a rapidly changing financial landscape, Flinks needed to focus on the core virtue of open banking: customer consent and compliance. It required a better way to collect and enforce customer consent for their data to be shared, and secure the data while it was shared via secure access management.
“To be a leader in open banking, it is crucial for us that customers who connect to their accounts have confidence in the process and absolute clarity about what data they share, to whom and when,” said Adam Gibson, General Manager, Open Banking Products, Flinks. “We needed a solid partner to relieve complexity by reconciling user identities and securing data properly.”
PingFederate and PingDirectory were used as the best solutions to tackle the challenges. Ping Identity’s solutions, with implementation and software hosting support from Simeio, helped ensure that Flinks’ open banking API technology is secure and scalable, so that hundreds of third-party financial apps can quickly and easily gain instant access to user licenses. The customer experience is seamless, with Flinks handling user authentication and access on the front end, while Ping Identity’s solutions work invisibly on the back. The partnership made it possible for Flinks to build and launch its new solution within six months.
“Despite all the obstacles that come with trying to manage so many digital identities, Flinks managed to get started in record time with its new solution,” said Andre Durand, CEO and founder of Ping Identity. Flinks is now disrupting the banking landscape in Canada and America by bringing financial innovations to companies that can quickly return on investment. ”
For more on how Ping Identity helps Fintech with seamless, secure and compatible banking services, read the full success story.
About Flinks
Flinks is the financial data layer that drives the internet. Flinks is trusted by millions of individuals who have access to financial services at world-class companies, enabling companies to connect to customers’ financial accounts, enrich this data and use it to deliver better digital products. Flinks serves innovators in lending, fintech, digital banking, asset management and insurance, and is fast becoming a global leader in financial data connectivity and analytics. To learn more, visit flinks.com.
About Simeio
Simeio is an award-winning global provider of managed identity services by Identity and Access Management (IAM), interoperable with the security industry’s leading IAM tools. With 700+ employees worldwide, Simeio secures over 160 million identities globally for large companies and government entities. For more information visit www.simeio.com
About Ping Identity
At Ping Identity, we believe in making digital experiences both secure and seamless for all users, without compromise. It’s digital freedom. We let companies combine our best-in-class identity solutions with third-party services they already use to remove passwords, prevent fraud, support Zero Trust or anything in between. This can be achieved through a simple drag-and-drop canvas. This is why more than half of Fortune 100s choose Ping Identity to protect digital interactions from users while making experiences frictionless. Learn more at www.pingidentity.com.
Ping Identity Media Relations
Megan Johnson
[email protected]
757.635.2807
SOURCE Ping Identity Corp.
