Open Banking Platform Tink and BNP Paribas Announce Strategic Partnership in Europe

Open Banking Platform Tink and BNP Paribas Announce Strategic Partnership in Europe
23.01.2020 10:42 am

Open Banking Platform Tink and BNP Paribas Announce Strategic Partnership in Europe

Open Banking

Open banking platform Tink and BNP Paribas today announce an extension of their partnership in Europe. In addition to Tink’s existing partnership with BNP Paribas Fortis — the retail network of BNP Paribas in Belgium — Tink is now also entering a partnership with the Italian retail network of BNP Paribas, Banca Nazionale del Lavoro (BNL). As part of the partnership, BNL will start implementing Tink’s solutions for account aggregation, payment initiation and personal finance management. 

BNP Paribas and Tink’s strategic partnership is supported by a minority investment in Tink, made by Opera Tech Ventures — BNP Paribas’ venture capital arm. 

Sophie Heller, COO Retail Banking & Services, BNP Paribas, said:  “We position ourselves as the trusted financial companion of our customers, so that we anticipate their needs, help them understand their situation, provide them with options and implement solutions on a daily basis and at critical moments. Tink’s solutions provide value added services to enhance our customers’ personal financial management. We are thrilled to develop this strategic partnership with Tink on a European level.” 

Daniel Kjellén, co-founder and CEO of Tink, added: “We are beyond excited to become the preferred technology provider of account aggregation, payment initiation and personal finance management technologies to one of the largest retail bank groups in Europe, that serves almost 18 million customers in the region. We look forward to supporting BNP Paribas on an European level.”

Since launching in Sweden in 2012, Tink has been dedicated to enabling banks, fintechs and startups to develop data-driven financial services. Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools. Today, Tink has more than 270 employees globally and is Europe’s leading open banking platform — enabling customers to connect to more than 2,500 banks that reach over 250 million bank customers across Europe.

Related News

Bottomline boosts the way businesses collect cash with Pay Direct

Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced the launch of Pay... Read more »

BNP Paribas Personal Finance collaborates with Experian and Aryza to help customers through the Covid-19 pandemic

BNP Paribas Personal Finance will use Experian’s Open Banking technology and Aryza’s Debtsense digital platform to provide... Read more »

Nuapay brings Open Banking to 190M French accounts

Open Banking pioneer Nuapay, a Sentenial company, today announces it has extended its Open... Read more »

Konsentus partners with Open Vector as open banking accelerates in Latin America

Konsentus announced that it has partnered with open banking advisory company Open Vector to enable Financial Institutions in Latin America and... Read more »

Mode introduces next-gen bank transfers powered by ‘Open Banking’ technology

Mode, the new breed digital banking app, has extended its partnership with payments provider Modulr to launch its first feature powered by ‘Open Banking’, as... Read more »

Irish firm teams up with Salt Edge to simplify mortgage process

Irish fintech firm OnlineApplication works with Salt Edge, a leader in developing open banking solutions, to help the entire mortgage market... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel