Enriching the Banking Experience with Data

Open banking is the future of banking — do you understand how it can affect your banking experience? In this episode of The Yield, Yieldstreet CFA Peter Kerr is joined by Frédérick Lavoie for a discussion on how data & technology are improving the consumer experience for bankers.  Frédérick is currently Chief Operations Officer at Flinks, which he co-founded in December 2016. Before starting Flinks, he spent several years working in online personal lending. Using innovative data technology, he brought to market competitive consumer financing offers that undercut payday lenders with lower interest rates. Trusted by hundreds of world-class companies, Flinks enables businesses to connect users' bank accounts, enrich their data, and utilize it to deliver better products.Key Takeaways:[1:25] The aim at Flinks and what open banking can do for you.[5:32] Enriching the data and simplifying a loan application.[9:01] The future of fintech isn’t only found on the credit side.[12:35] The power of creating a frictionless user experience.[15:34] Flinks’ key market, main competitors, and digital banking trends that are here to stay.[21:25] What can buy now/pay later offer consumers that credit cards can’t? [27:40] Scaling Flinks, navigating competitor offerings, and their ultimate exit strategy. Mentioned in This Episode:Yieldstreet