Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
As more and more business happens online, we’re bound to encounter new experiences. Millions of Canadians have been asked to connect their bank account to a financial app or service. And, just like you, they had a few questions about this new experience.
As it turns out, financial data connectivity is the new normal in online loans. Let’s see why.
Lenders, and other financial service providers for that matter, have always collected information from their clients — bank statements, proof of employment, etc. That’s how they verify their clients’ identity and assets. For ages, that’s been done in person or by email.
Today, tech-oriented lenders favor secure digital channels and use financial data connectivity.
That’s where companies like Flinks come in. We supply the (digital) pipes that enable you to share financial information to your lender, directly from a connection to your bank account.
Transferring financial data directly from your bank might not seem like much, but it’s in fact a pretty big deal. And you get to benefit from it too.
The transfer is instantaneous, and as a result your lender is able to:
Besides enjoying the fast lane treatment, sharing data from your bank comes with another major perk: with the information they get from your bank statements, your lender is able to understand your specific reality — in some cases better than your credit score. Your loan application is stronger, and you can get a service that is adapted to your needs.
In short, financial data connectivity providers like Flinks are a tool your lender uses to understand you better, and serve you faster. It makes the whole process substantially more convenient for you.
Using a reputable financial data connectivity provider like Flinks is actually how your lender makes sure your information remains safe and secure.
We act as the intermediary between your bank and your lender, so you can share financial information without giving them direct access to your account.
Obviously, keeping your information secure is paramount. This means encrypting your data at all times, maintaining robust security protocols, and conducting regular independent audits to make sure they are effective.
Let’s be real: the team here at Flinks knows full well we wouldn’t exist if consumers didn’t trust us. We respect your privacy and value transparency. Our model is based on your consent and is designed to put you in control, all so you can file your online application with confidence.
* * *
Still unsure how mainstream financial data connectivity has become?
Just this year, Visa and Mastercard have both acquired financial data connectivity providers in the US. We’re the Canadian-owned, independent alternative — and, so far, roughly 1 in 3 Canadians have used Flinks to connect to their bank account in order to share their information. More than 300 financial institutions and other financial businesses are using us everyday, and others are catching up.
Rating of 4/5 based on 12 votes.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
New Offer! Get up to $2,000 cashback + a $50 bonus on signing up. Conditions apply.
Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.
With KOHO’s prepaid card you can build a better credit score for just $10/month.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.