Business Announcements

Flinks enters InsurTech and AI with allai

By Flinks on April, 12 2018
Flinks

Flinks developed the most reliable financial API on the Canadian market. With the coverage of 98% of the country’s banks and credit unions, Flinks is the leader in financial data access in Canada.

Canadian startups, Flinks and allai, aim to disrupt the InsurTech and AI space.

Disrupting the Canadian Insurance industry by combining FinTech, InsurTech, and AI

Canadian-based startups, Flinks and allai, are entering a dynamic partnership that is aimed to disrupt the InsurTech space by combining Flinks’ real-time financial data API technology with allai’s real-time insurance AI technology. This partnership will power unique, innovative and exciting insurance experiences across claims, underwriting, and billing for Canadians and Canada's insurance industry.

Flinks is the only financial data aggregator dedicated to the Canadian market. As a partner application programming interface (API), it syncs carriers, brokers, and insurance service providers with customers’ banks to verify account information, transactions, and balances in real-time.

Flinks is a key technology partner and gateway enabling carriers, brokers, and insurance service providers to offer seamless digital onboarding and document management for their clients by removing large friction points and manual processes for the user and back-office to allow the key parties to redeploy valuable resources to better serve their clients.

allai is focused on AI for the Canadian insurance industry offering capabilities around computer vision and natural language in Property and Casualty (P&C) insurance that address digital Net Promoter Score (NPS) areas around the policy lifecycle including purchasing, modification, claims and renewals. The AI capabilities offered by allai provide Canada’s brokers and carriers AI-driven customer experiences that help achieve top-line and bottom-line results.

allai’s AI capabilities will be available through an industry-first insurance AI app store where brokers, carriers and insurance service providers will be able to select, download, install and use ready for Canadian insurance AI capabilities while maintaining complete exclusivity and control over their IP and their data.

Carlos Benfeito, Founder of allai said: Flinks presents a solution all carriers and brokers will benefit from by combining InsurTech and FinTech. Thanks to Flinks industry leading technology we can power our insurance AI capabilities with real-time financial data that when combined will enable a new category of AI capabilities engineered to reinvent the customer experience, which would otherwise not be possible.

Yves-Gabriel Leboeuf, CEO of Flinks said: We’re excited to enter the InsurTech space in a big way with allai and their AI solution. allai provides a turnkey solution and technology that will provide invaluable information for carriers, brokers, and insurance service providers to embrace FinTech, InsurTech, and AI to better serve their clients and improve claims underwriting, billing, and back-end solutions.

About allai

allai, a Montreal-based startup, is launching Canada’s insurance AI app store focused on AI for the Canadian insurance industry offering capabilities around computer vision and natural language in P&C insurance that address digital NPS areas around the policy lifecycle including purchasing, modification, claims and renewals. The AI capabilities offered by allai provide Canada’s brokers and carriers AI driven customer experiences that help achieve top-line and bottom-line results. www.allai.ca

About Flinks

Flinks is the only financial data aggregator dedicated to the Canadian market. Flinks is a technology partner that developed an application programming interface (API) which syncs financial apps with customers’ banks to verify account information, transactions, and balances in real-time.

Launched in December 2016, Flinks is one of the fastest growing fintech companies in Canada. It was recently named a finalist for the Canadian Innovation Awards. www.flinks.io

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