This document aims to delve into the operational disparities between these two realms and the unique challenges faced by family offices. To achieve this, we will interview David Sanz, Flanks' current Head of Operations. David's expertise lies not only in his role at Flanks, but also in his prior experience working with family offices. Through this interview, we aim to explore the challenges faced by clients in managing their wealth and how Flanks addresses those pain points.

Today we're interviewing Ruben Rocha, co-founder of Wallstreeters. In this conversation we're publishing, we uncover the transformative impact of financial aggregation and its role in shaping a more prosperous financial future.

In recent years, the financial industry has gone through a significant transformation, with the emergence of regulatory changes related to the Open Finance and Open Banking initiatives. One of the most significant developments is the rise of Account Information Service Providers (or AISPs) like Flanks, which play an important role in the wealth management industry.

Flanks is a Wealth Tech B2B services platform created on the basis that advising over the Global Asset Allocation of a client is becoming a must in the financial world. The process of aggregation allows for a deeper insight into the customers’ investments and operations allowing the financial advisor to give better and more accurate wealth management advice overall.

Being the Wealth Management a recent but growing sector, there’s still a need to establish a global operating standard. To this day, a unified way of providing financial security, guarantees and codes of ethics remains a pending task. On this whitepaper we will be interviewing Flanks’ main expert in security and cybersecurity: Sergi Lao, CTO & CISO of the company. In this document, we expect to help you break down any doubts or questions about Flanks’ security standards, the processes behind our data gathering and everything else in between.

In this whitepaper, we want to give you insight into the two implementation types Flanks offers, analising each one in detail, with their pros and cons and breaking down how each one looks while using Flanks as your data orchestrator solution.

Being able to connect to any custodian entity around the world in an easy, fast, and safe way enables financial platforms to offer a more diverse range of financial products to their users. This grants them with more options to choose from, and can help them build a well-diversified investment portfolio. And this is one of the goals that Njorda wanted to reach in its mission to provide a superior investing experience to a broader retail audience.

The Brazilian firm Consist recently found a key partnership in Flanks: the financial data orchestrator for family offices, financial advisors and financial institutions. This collaboration will help Consist make the most of Flanks by giving them a complete, global and up-to-date view of their clients’ wealth.

The capacities of the Barcelona-based firm will help to keep defining and maintaining the API standard in the OpenWealth initiative promotions within the global Wealth Management community.