data quality and reconciliation
Data quality and reconciliation. Every position checked, every discrepancy flagged.
Wealth data is only as useful as it is accurate. Flanks validates and reconciles data from every custodian, so your reports, advice and AI tools run on data you can trust.
From inconsistent custodian data to one reconciled source of truth
Discover how Flanks turns challenges into outcomes:
challenge
Late and incomplete data
Custodian files sometimes arrive late, incomplete or inconsistent, and errors only surface in client reports.
the outcome with flanks
Accurate reporting from the start
Errors caught early, so every client report goes out on accurate figures.
challenge
Inconsistent custodian data
Every custodian uses its own formats, transaction codes and pricing conventions.
the outcome with flanks
Standardised, comparable data
Data from every custodian you can compare like for like and use straight away.
challenge
Time-consuming reconciliation
Teams spend hours matching positions and transactions line by line across spreadsheets.
the outcome with flanks
Reduced manual work
Hours back for your team, with time spent only on the exceptions that need attention.
challenge
Data quality risks
Unreliable data undermines reporting, advice and AI tools, and erodes client trust.
the outcome with flanks
Trusted client insights
Confidence in every figure you share with clients, from reports to AI-driven insights.
OUR SOLUTIONS
How Flanks ensures data quality and automates reconciliation
Automated quality checks from the moment data arrives
Every file and feed is checked at ingestion for missing ISINs, malformed amounts, duplicate transactions and out-of-range fees, with AI-driven anomaly detection flagging issues before they reach clients.
One consistent data model across every custodian and format
Every custodian’s formats, transaction codes and pricing conventions are mapped to the Flanks data model, so data from any source can be compared, reconciled and used the same way.
Daily reconciliation, with your team reviewing only real exceptions
In the Reconciliation Tool:
- Position reconciliation across custodians
- Daily transaction and cash reconciliation (D-1), re-run as new data arrives
- Traceable adjustments with guided incident analysis
Regulated, compliant and secure by design
Flanks is EU-registered as an AISP under PSD2, holds a SOC 2 Type II report, and has its security independently audited by EY. It operates in line with GDPR and DORA, and its solution supports MiFID II compliance.
Looking for wealth data you can trust, without the manual reconciliation?
Talk to us about data quality and reconciliation.
Who it’s for
Who uses data quality and reconciliation?
Banks and private banks
Inconsistent custodian files slow operations and erode trust in client reporting. Flanks adds automated quality checks and daily reconciliation on top of your existing stack, with full traceability for your operations and compliance teams.
Wealth Managers and IFAs
Reconciling exports and custodian feeds by hand eats into advisory time. Flanks checks every source automatically and flags what needs a second look, so your team reviews exceptions rather than every line.
Family offices
Wealth spread across entities, custodians and properties is hard to keep consistent in spreadsheets. With Flanks, your team reports on validated, reconciled figures across every source and entity, instead of chasing mismatches.
Fintechs and platforms
Your users judge your product by the accuracy of its numbers. Flanks delivers validated, normalised wealth data via API, with errors flagged before they reach your platform, so your team ships features instead of fixing data.
Asset Managers
Manual data entry sometimes means "rubbish in, rubbish out". Flanks validates and normalises data across every custodian and mandate, giving you a trusted base for reporting today, and for enrichment, analytics and AI tomorrow.
Clients
How Flanks compares to other providers
Flanks connects, standardises and enriches wealth data end to end, so your advisory and AI run on data you can trust:
Wealth data aggregation methods
Flanks
Flanks is methodology-agnostic: it aggregates data from 700+ custodians via API, data feeds, eBanking, PDF ingestion or manual upload, plus custom integrations for unsupported sources.
Others
Often rely on a single method, such as data feeds, scraping or open banking APIs, leaving gaps wherever an institution doesn't supply data in that format.
asset coverage
Flanks
Flanks gives a 360° view of everything a client holds: financial assets from equities to private markets, pensions and digital assets, liabilities such as Lombard loans and mortgages, and non-financial assets like real estate, art and collectibles, and vehicles.
Others
Often limited to financial assets, with restricted geographic coverage. Liabilities and non-financial assets are only partly supported, if at all.
Wealth data quality
Flanks
Every input standardised under the Flanks data model, reconciled across custodians and enriched with market data from SIX and Morningstar. Ready for reporting and portfolio analytics, analysis and AI.
Others
Quality varies by provider. Your team often has to validate and reconcile data manually, which takes time and adds risk of error.
Modular wealth data layers
Flanks
Choose the data layer you need (Data Aggregation, Normalisation, or Enrichment) and add more features and tools as required. Delivered via API, MCP or the Flanks Platform.
Others
Often sold as bundled solutions, with little flexibility to choose only what you need.
AI-ready wealth data
Flanks
Clean, reconciled data, securely connected via MCP to any AI tool you already use, or put to work in the AI Financial Analyst or Flanks AI Podcast.
Others
Fragmented, inconsistent data can lead AI tools to give inconsistent answers, and connecting client data to them without proper controls may create security and compliance risks.
Regulation, security and compliance
Flanks
Registered with the Bank of Spain as an AISP (reg. no. 6920). PSD2, MiFID II and GDPR compliant, holder of a SOC 2 Type II report and audited by EY, with all wealth data stored in the EU.
Others
Providers outside the AISP regime are not subject to the same licensing, audit and compliance requirements.
Frequently asked questions
What does Flanks cost and how does the pricing model work?
Flanks offers modular plans (Aggregate, Aggregate + Flanks Platform, Snapshot, Valuation, Performance and Global Asset Analysis) and a tailored Enterprise plan for high-volume operations. Talk to the team for a quote.
How can I integrate Flanks into my existing tech stack or PMS?
Through API. Flanks acts as the data layer under your portfolio management system, CRM and reporting tools, so you integrate without replacing existing systems.
How does Flanks ensure data quality, security and regulatory compliance?
Data is standardised, validated and reconciled automatically, and every figure stays traceable to its source. Flanks is EU-registered as an AISP under PSD2, holds a SOC 2 Type 2 report, is audited by EY and operates in line with GDPR and DORA.
How does Flanks aggregate wealth data across custodians, countries and asset types?
Flanks connects to 700+ custodians in 33+ countries, a network that keeps growing, via API, eBanking, data feeds, PDF reports or manual upload. If one is missing, Flanks builds it. Positions, balances and transactions land in one standardised model across asset types.
Can I start with data aggregation only?
Yes. Flanks works the data in levels (Aggregation, Normalisation, Enrichment), so you can start with aggregation and add more later. Use the data via API, MCP or the Flanks Platform and its features, such as Portfolio Analytics Tool and the Reconciliation Tool. See our plans.
Can I use Flanks data in AI tools like Claude or Perplexity?
Yes. The Flanks MCP connects your clean, reconciled wealth data to the AI tools you already use, including Claude and Perplexity, with secure access and no exports or custom integrations. You can also use the AI Financial Analyst, built into the Flanks Platform.
What problem does Flanks solve?
Flanks solves wealth data fragmentation. Client assets sit across many banks and custodians in different formats, so teams clean and reconcile data by hand. Flanks automates it into one consistent, trusted source.
What is Flanks and what is wealth data infrastructure?
Flanks is a wealth data infrastructure company. It connects, standardises and delivers financial data from banks, custodians and alternative assets, giving wealth institutions one source of truth to scale advisory and AI-driven wealth management.