According to WealthAi, family offices, external asset managers and private banks rely on legacy data service providers to connect custodians, investment managers and other third-party providers.
WealthAi said the result was fragmented information and labour-intensive manual processes for uploading, reconciling and validating data across multiple formats and sources.
WealthAi said the partnership, combining WealthAi’s AI operating system with Flanks’ wealth data infrastructure, would enable firms to replace multiple legacy providers with a single AI-enabled platform.
“Having a single source of truth that’s continuously updated and connected to AI agents driving processes across the business should be the new standard for wealth management. By partnering with Flanks we’re giving our clients immediate access to more than 650 custodian connections through a single AI platform. Instead of stitching together expensive legacy providers, firms can access the data, workflows and AI capabilities they need in one place.”
- Jason Nabi, founder and chief executive of WealthAi
WealthAi said the partnership reflected growing demand from wealth managers for integrated technology platforms that combine AI, data and workflows as firms look to simplify fragmented technology stacks and accelerate AI adoption.
Joaquim de la Cruz, chief executive and co-founder of Flanks, added that fragmented, low-quality data was “still one of the biggest barriers to harnessing AI at scale”. He said:
“What WealthAi is building is powerful because it puts that data straight to work for family offices, asset managers and private banks, turning it into action instead of more dashboards to dig through.”
Learn more how Flanks delivers institution-grade quality, comprehensive 360° visibility across all asset classes, and the scalability wealth institutions need to harness AI.
Contact us: www.flanks.io/contact
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About Flanks
Flanks est une entreprise WealthTech qui redéfinit le secteur grâce à des analyses basées sur les données et à l’automatisation. Sa plateforme tout-en-un permet à des milliers de conseillers de fournir des conseils plus rapides, de haute qualité et personnalisés, en transformant des données patrimoniales complexes et fragmentées en informations exploitables. Conçue de manière modulaire, la plateforme permet aux clients de commencer avec Flanks Aggregate pour centraliser les données financières, puis de se développer avec Flanks Lume pour un enrichissement et une analyse plus approfondis.
Fondée en 2019 à Barcelone, Flanks a été créée par les ingénieurs en logiciel Joaquim de la Cruz et Sergi Lao, ainsi que par l’ancien responsable mondial de la banque privée de Santander, Álvaro Morales. L’entreprise allie technologie avancée et expertise financière approfondie pour servir les banques, les family offices, les fournisseurs de pensions, les gestionnaires d’actifs externes et les entreprises technologiques.Founded in 2019 in Barcelona, Flanks was created by software engineers Joaquim de la Cruz and Sergi Lao, together with former Santander Private Banking Global Head Álvaro Morales. The company combines advanced technology with deep financial expertise to serve banks, family offices, pension providers, external asset managers and tech companies.flanks.io.
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