Global Account Aggregation for U.S. Expats: The Case of Aequify

‍The client: Aequify

Aequify is a fintech platform founded in Canada that solves one of the most persistent pain points for the modern expatriate: managing bank accounts and investment portfolios spread across multiple countries, staying on top of cross-border tax compliance - FBAR, FATCA/Form 8938 - and securely sharing financial data with international tax advisers.

Their value proposition is clear. Instead of maintaining spreadsheets or juggling a dozen different apps, Aequify users connect all their accounts - current accounts, investment portfolios, credit cards - from more than 30 countries into a single, live dashboard. The platform automatically flags FBAR and FATCA reporting obligations, estimates tax exposure in real time, and lets users share adviser-ready data in a single click.

For all of this to work, Aequify needed a robust, secure aggregation infrastructure with genuine coverage in the markets where their users actually live - principally Europe and the United Kingdom.

‍Client: Aequify

Headquarters: Canada - global operation

Sector: Fintech · US expats tax solution · Expat Finance

Flanks use case: Multi-country account aggregation (EU, UK, US, Canada)

Target users: U.S. and U.K. expatriates and their tax and financial advisors

Key result: 30+ countries covered

The challenge

Building a platform for expatriates presents a first-order technical challenge: the geographic dispersal of assets. A typical Aequify user might hold a current account in Spain, a pension plan in the UK, a brokerage account in Germany, and a savings product in France - simultaneously.

Connecting reliably to those financial institutions, normalising data into a consistent format, and keeping it updated in real time required an aggregation infrastructure that Aequify could not build in-house without diverting their product focus away from their core business.

Coverage of European and UK institutions was especially critical: that is where the majority of their users reside, and where financial system fragmentation is most pronounced. For U.S. expat users, the accuracy of account balances on specific dates is not merely a convenience - compliant with  FBAR and FATCA requirements.

The solution: Flanks as data infrastructure

Aequify integrated Flanks' Aggregation API to connect users' bank and investment accounts across the EU and UK. Flanks acts as the invisible data layer that feeds Aequify's dashboard - retrieving, normalising, and delivering each user's financial data securely, without Aequify's engineering team having to maintain that complexity themselves.

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The integration allows Aequify to deliver a live global wealth dashboard with reliable account data, which is especially important when users and advisors need accurate information for FBAR, FATCA, and cross-border tax planning

Results

With Flanks powering the aggregation layer, Aequify can concentrate entirely on what they do best: building the definitive financial hub for globally mobile individuals. The complexity of connecting to hundreds of financial institutions across dozens of countries is no longer their problem to solve.

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“Expats’ financial data is scattered across countries. Flanks helps us bring it together, and Aequify turns it into clear, advisor-ready tax insights.”

— Puneet Gupta, CEO, Aequify

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FAQs

What does Aequify do for expats?

Aequify helps expats bring their financial accounts across countries into one secure view. Instead of manually pulling data from bank statements, investment statements, and spreadsheets, users can organize their global financial data and share advisor-ready tax and financial information with their advisors.

How does Aequify support tax preparation for expats?

Aequify helps organize account details, balances, transactions, income, expenses, and investment data that may be relevant for forms such as FBAR, FATCA/Form 8938, Schedule C, and Schedule D. This reduces the need for clients to fill long tax advisor forms manually and cuts down the back and forth between expats and advisors.

Why does Aequify use Flanks?

Aequify uses Flanks to securely connect to banks, brokers, and wealth institutions across Europe and the U.K. Flanks powers the data connectivity layer, while Aequify turns that data into clear, advisor-ready tax and financial insights.

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