Alterna Bank and Flinks give power back to consumers

TORONTO, Nov. 6, 2018 /CNW/ - Opening and funding an account at Alterna Bank just got faster! Now, new online applicants can move money from their other Canadian financial institutions to Alterna Bank in 5 minutes or less. To make this possible, we have partnered with the Canadian Fintech, Flinks. 

Flinks is a technology partner that provides financial data aggregation. With their technology now integrated into Alterna Bank's online account opening process, Alterna Bank can reliably and securely authenticate and validate a new applicants' identity and link their bank accounts.

We're pleased to be supporting Canadian Fintechs while bringing our customers an improved account opening experience. Symbiotic relationships with Fintechs are essential to Alterna's growth. Altera Bank embraces these technological advances in banking, which empower its' customers to manage all of their financial needs from anywhere and at any time – faster!

"Fintechs, like Flinks, are constantly improving their services and applications. Their agility and ability to be responsive to the needs of financial organizations like Alterna Bank, keeps us at the forefront of digital banking in Canada," explains Rob Paterson, Alterna President and Chief Executive Officer. "As we work towards making the most of every customer interaction, we are extremely pleased to be providing another secure money transfer option for customers who bank with us."

Through trusted partnerships, Alterna is improving customer experiences, while being nimbler and more progressive than the big banks can be.

"Flinks is on a mission to give back power to consumers with their financial data, and we're thrilled that Alterna has launched this initiative," said Yves-Gabriel Leboeuf, Flinks Founder & CEO. 

About Alterna Bank
Alterna Bank is one of the most innovative banks in Canada. In 2016, Alterna Bank launched highly competitive high-interest eChequing, eSavings, RRSP and TFSA products and in 2017, Alterna Bank launched Canada's first fully digital mortgage. Alterna Bank is a wholly-owned subsidiary of Alterna Savings and Credit Union Ltd., which is the first member-owned cooperative financial institution outside Quebec. For more information visit www.alternabank.ca.

About Flinks
Flinks is a data-driven technology company that provides a gateway to the leading Canadian Financial Institutions – covering over 98% of all Canadian accounts. Flinks is behind the most innovative financial services in the country, in virtually all segments of finance. http://flinks.io

SOURCE Alterna Savings and Credit Union

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