Flanks becomes the first company of Europe in offering product aggregation of investments
Flanks, the startup located in Barcelona, which provides technology-based on financial data for the wealth management sector (WealthTech), is positioned as the first company in Europe specialized in the aggregation of investment accounts.
In this context, Flanks has been detected a clear need in the market for management and advice of financial assets. The automation of the data collection for holistic customer advice, a modality of advice only within reach of high incomes and that allows offering global customer advice regardless of the custodian where you have the investment. Flanks has developed an aggregation solution, fully integrable with any system that allows you to automatically add the positions of customers' investments.
In this regard, Joaquim De La Cruz, CEO of Flanks commented that: "The financial sector, especially the wealth management or private banking sector, is found anchored in tools and solutions 10 years ago. The new user demands and market needs along with the new legislation such as PSD2, GDPR, MiFID II, and Sandbox makes the companies must integrate and aggregate data more effectively to provide better solutions and retain their customers".
But how does Flanks provide this solution? We can summarize the innovation technology in 3 key concepts:
• Technology of standardized extraction of financial products.
• Integration with other software used in the day to day of companies.
• A holistic platform to visualize the distribution, evolution, and detail of the portfolio and be able to print reports.
Flanks, the startup of financial data solutions, was founded by Joaquín De La Cruz, Sergi Lao and Álvaro Morales in December 2018 and the startup received initial financing of € 200,000 led by SeedRocket 4Founders Capital, Lanai Partner and several business angels in May 2019. Today, Flanks has 5 employees and it is expected that by the end of 2020 it will reach 12.
Visit us at https://www.flanks.io.