Identity Security Links Financial Data to
Fintech Apps in a Seamless, Secure, and Compliant way
DENVER, July 19,
2022 /PRNewswire/ -- Ping Identity (NYSE: PING), the
intelligent identity solution for the enterprise, and Montreal-based open banking platform, Flinks,
have enabled millions of customers across the U.S. and Canada to link their financial accounts to
fintech apps and enjoy new streamlined banking experiences in a
safe and compliant way.
From user onboarding to digital loan applications and money
transfers, Flinks' open banking API technology enables financial
businesses to access the bank-sourced financial data they need, in
just a few clicks from their customers. But to achieve this
innovation in a fast-changing financial landscape, Flinks needed to
focus on the core virtue of open banking: Customer consent and
compliance. It required a better way to collect and enforce
customers' consent for their data to be shared, and secure the data
as it was being shared via secure access management.
"To be a leader in open banking, it's critical for us that
customers connecting their accounts have confidence in the process
and absolute clarity over what data they are sharing, to whom, and
when," said Adam Gibson, General
Manager, Open Banking Products, Flinks. "We needed a solid partner
to offload the complexities of federating user identities and
properly securing data."
PingFederate and PingDirectory were adopted as the best
solutions for tackling the challenges. Ping Identity's solutions,
with implementation and software hosting support from Simeio,
helped ensure Flinks' open banking API technology is secure and
scalable, allowing hundreds of third-party financial apps to gain
instant access to user-permissioned data fast and simply. The
customer experience is seamless, with Flinks handling the user
authentication and access on the front end, while Ping Identity's
solutions work invisibly on the back end. The partnership enabled
Flinks to build and launch its new solution within six months.
"Despite all the obstacles that come with trying to manage so
many digital identities, Flinks was able to get up and running in
record time with its new solution," said Andre Durand, CEO and founder of Ping Identity.
"Flinks is now disrupting the banking landscape in Canada and America by bringing financial
innovations to businesses that can quickly realize a return on
investment."
For more on how Ping Identity helps empower Fintech with
seamless, secure, and compliant banking, read the full success
story.
About Flinks
Flinks is the financial data layer powering the internet.
Trusted by millions of individuals accessing financial services at
world-class companies, Flinks enables businesses to connect to
their customers' financial accounts, enrich this data, and utilize
it to deliver better digital products. Serving innovators in
lending, fintech, digital banking, asset management and insurance,
Flinks is quickly becoming a global leader in financial data
connectivity and analytics. To learn more, visit flinks.com.
About Simeio
Simeio is an award-winning global managed identity services
provider of Identity and Access Management (IAM), interoperable
with the security industry's leading IAM tools. With 700+ employees
worldwide, Simeio secures over 160 million identities globally for
large enterprises and government entities. For more information
visit www.simeio.com
About Ping Identity
At Ping Identity, we believe in making digital experiences both
secure and seamless for all users, without compromise. That's
digital freedom. We let enterprises combine our best-in-class
identity solutions with third-party services they already use to
remove passwords, prevent fraud, support Zero Trust, or anything in
between. This can be accomplished through a simple drag-and-drop
canvas. That's why more than half of the Fortune 100 choose Ping
Identity to protect digital interactions from their users while
making experiences frictionless. Learn more
at www.pingidentity.com.
Ping Identity Media Relations
Megan Johnson
press@pingidentity.com
757.635.2807
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SOURCE Ping Identity Corp.