Flinks, a financial data connectivity and Open Banking solution provider, has announced a partnership with Trask Solutions. Trask helps data recipients build data-in infrastructure more efficiently, delivering business solutions that fully leverage Open Banking data. Data recipients can use Trask’s Data-In Connector that has been successfully deployed for numerous clients across Europe and that is now fully localized for use in Canada. The solution supports the FDX standard and comes pre-integrated with Flinks. Trask provides assets, accelerators, and platforms that use Open Banking data for digitizing banking products and services such as: online loans, transaction-based loan adjudication mechanisms, online account opening for retail and commercial clients, mortgage process automation, financial management and advisory, investment dashboards and multi-banking. With Trask’s technology stack, European financial institutions have already achieved significant benefits, including: Full rollout of data-in capabilities in just three months; Delivery of new digital banking products in as little as eight months; Loan approval time reduced from days to seconds; Increased the quality of new-to-bank loans to be on-par with the loans to existing clients; Processing cost of invoice factoring lowered to almost zero enabled factoring offerings to SMEs; Doubled conversion rates and increased sales by 30% by offering hyper-personalized offers to both existing and new clients, leveraging Open Banking data sources.