Product Releases

Flinks unveils enriched transaction data

By Flinks on August, 31 2017
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.

Our financial API now returns the richest transaction data available on the Canadian market in order to facilitate automation.

 

We’re happy to offer a cleaner, richer data format to our clients. This is an important step forward in the Canadian financial technology sector as our API now becomes a lot more innovation-friendly.

HSBC and Flinks

For our clients, ‘cleaner’ data means that our API returns data in a format that is coherent across all of the financial institutions we cover . This allows to manipulate the data much more easily, which is essential to building powerful automation tools without wasting energy on data cleansing.

The reality is that for any given data point, Flinks API is facing as many formats as there are data sources. For instance, think of TD, Scotia and CIBC all returning transaction dates in three different formats. Or else BMO, returning a negative balance in parentheses instead of using a minus sign. Or even Tangerine grouping transactions into a single column, instead of two separate debit and credit columns as per most banks.

We could go on a on, but the point is this: finance companies innovating on the Canadian market should not have to worry about dealing with these peculiarities. And from now on they don’t — using our financial API, they can instead place their entire focus on providing better financial products for Canadian consumers.

The following are examples of data points which were subject to our unification efforts: 
    - Transaction Date 
    - Account transit 
    - Balance 
    - Credit transactions (deposits) 
    - Debit transactions (withdrawals) 
    - Phone number 
    - Province 
    - Postal code

At Flinks, we are dedicated to providing innovative companies with the financial data they need to achieve more for their customers. Being the leading banking API on the Canadian market both in terms of coverage and reliability, we’re now happy to also offer the highest quality of financial data in the country.

Looking to develop market-leading financial solutions? Start building powerful automation using Flinks financial API.

Submit a Comment

Stay up to date