Flanks

Flanks is a Wealth Tech B2B service platform which digitally optimizes your operational efficiency by automating and scaling connections with custodian entities. Created by co-founders Joaquim de la Cruz, Sergi Lao and Álvaro Morales, the firm has come a long way since its beginnings in 2018. Using Flanks as a wealth data orchestrator allows financial advisors to connect to any global entity in an automatic way. And therefore, help them aggregate their client’s wealth. By using Flanks’ solution, they get a global position of their client’s operations across all entities, making financial information sharing secure, easy and quick. In the interconnected world we live in, it is common for clients to have investments, savings and other financial products in different custodian entities. To break this data obstacle, the market offers different solutions to aggregate investment data. Flanks’ scraping technology however, allows to connect to any new custodian entity without having to interact to leverage the consent and credentials. The methodology Flanks uses, known as “Reverse engineering”, plugs you directly into the core banking of custodian entities. That doesn’t only make the connection more robust, more secure and richer in data (in terms of position and operation of investment products), but is also faster. All of this without suffering possible changes of user interfaces.