Press

New research published by open banking platform Tink reveals an increase in spending among Europe’s financial executives, with 47% saying their open banking budgets have risen in 2021. This follows a challenging year in 2020, where financial institutions battled budget restrictions against the race to serve more customers digitally.

New research, published today by Europe’s leading open banking platform Tink, reveals that in spite of growing positivity, the complete implementation of open banking will take financial institutions many years to realise.

Leading French payments service provider (PSP) Lemonway has launched Pay By Bank in partnership with Tink, to bring open banking-powered payments to its customers across Europe.

Personal Finance Management (PFM) app Placons has launched in Germany in an open banking technology partnership with Tink. Backed by the Degussa Bank Group, Placons uses open banking technology to help its users better manage their money, by understanding their financial behaviour and helping to improve it.

Open banking platform Tink has appointed Rowan Taylor as its Chief Revenue Officer (CRO). London-based Rowan joins Tink from AWS, where he spent more than five years leading global financial services sales teams. His 26 years’ experience in banking technology also includes roles at Gartner, KPMG and Accenture.

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions,  fintechs and merchants to build tailored financial management tools, products and services for European  consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8  billion Euros, inclusive of cash and retention incentives, to acquire Tink. 

German full-service payment provider Novalnet AG, and Europe's leading open banking platform Tink, have partnered to bring a new open banking payment solution to the European payments market. 

Tink’s new survey report is packed with insights on the emerging challenges for the financial industry, and the role of open banking in the post-pandemic world.

Leading UK digital investment platform Wealthify has partnered with open banking platform Tink for payment initiation services, that will transform the way its investors transfer money into their investment accounts.

Open banking platform Tink continues its expansion across Europe with the acquisition of FinTecSystems – a leading German open banking infrastructure fintech, powering over 150 banks and fintechs in Germany, Austria and Switzerland.

Tink and American Express have entered a European open banking partnership to improve the onboarding process for new card members.

Europe’s leading open banking platform Tink, and payments technology provider Tribe, have entered a channel partnership for open banking technology.

Italian bank BNL, part of the international group BNP Paribas, has launched a multi-banking service with leading open banking platform Tink. This forms part of a wider strategic European partnership between BNP Paribas and Tink, announced at the beginning of 2020.

Leading Dutch subscription app Dyme has partnered with Tink for open banking technology, to take its money saving service across Europe. Live in the Netherlands since November 2019, Dyme is now launching in the UK and Germany, to help people take greater control of their finances.

An investment round extension co-led by new investor ​Eurazeo Growth and existing investor Dawn C​apital, ​will allow Tink – Europe’s leading open banking platform that connects to more than 3,400 banks reaching over 250 million bank customers acrossEurope – to accelerate its growth plans and expand payment initiation in Europe.

Tink has appointed Klaus Holse as its new Chairman of the Board. Danish-native Klaus brings extensive experience from both the technology and financial services industry, as CEO of investment management solutions provider SimCorp.

Tink completes its acquisition of the Spanish account aggregation provider Eurobits Technologies (Eurobits). Tink originally announced the acquisition of Eurobits for €15.5 million on 27 March 2020.

France’s leading mobile payment app Lydia has selected Tink as its open banking technology partner to leverage access to PSD2 APIs across Europe. Tink and Lydia are now working together on streamlined bank account connectivity that will improve the user experience of the app.

Enel X, the business line of Europe’s largest utility company, the Enel Group, has picked
the open banking platform Tink as its open banking technology provider. Tink’s personal
finance management technology will allow Enel X Financial Services, Enel’s subsidiary
specialised in payment solutions, to develop digital financial solutions targeting its
clients in Italy and Europe.

Open banking platform Tink continues its expansion across Europe with the acquisition
of the aggregation platform of OpenWrks, a leading UK-based provider of open banking
applications.

Open banking platform Tink continues its expansion across Europe with the acquisition of Instantor, a leading European provider of credit decision solutions based on open banking technology.

Tink will now support PayPal (NASDAQ: PYPL) across Europe as it leverages opportunities with PSD2 and open banking. This extended work together is supported by a second strategic investment from PayPal.

Tink’s account aggregation, data enrichment and personal financial management technologies have been integrated into Nordea’s mobile banking app to deliver a personalised financial overview for the bank’s customers in Sweden, Norway, Finland and Denmark.

Open banking platform Tink continues its expansion across Europe with the acquisition
of Eurobits Technologies (Eurobits)— a leading provider of account aggregation services,
powering over 50 banks and fintechs such as BBVA, Santander, Sabadell and Fintonic.

The open banking platform Tink becomes BNP Paribas’ preferred partner in Europe for account aggregation, payment initiation and personal finance management technologies.

Investment round co-led by Dawn Capital, HMI Capital and Insight Partners will allow
Tink — Europe’s leading open banking platform that connects to more than 2,500 banks
that reach over 250 million bank customers across Europe — to accelerate growth plans
towards pan-European coverage and further expand its product offering.

The move rounds off a strong year, which saw Tink raise €56 million in funding and secure high profile partnerships with PayPal, NatWest and Caixa Geral de Depósitos.

Open banking platform Tink has strengthened its commitment to the UK and Irish markets by appointing Stripe’s former head of EMEA banking, Rafael Plantier, as its new Country Manager for the UK and Ireland.

Partnership will make money management smarter and easier for CGD’s customers in Portugal via its brand-new app, DABOX.

ABN AMRO’s standalone app Grip integrates Tink’s account aggregation technology to deliver a better customer experience for its users.

Tink have added Danish fintech company Lunar Way to its growing customer portfolio. Lunar Way is licensing Tink’s technology to develop its own Personal Finance Management app across the Nordic countries, starting with account aggregation.

With this investment, PayPal has agreed to partner with Tink to leverage its Account Aggregation technology to improve product experiences for PayPal customers.

The partnership will make money management smarter and easier for 2.5 million customers in the Nordics.

NatWest becomes Tink’s first partner in the UK as it continues to increase its European presence.

The partnership gives Swedish investment bank Avanza access to Tink’s aggregation technology.

New investment round led by Insight Venture Partners will allow Tink to double its market coverage and presence in Europe, and further expand its product offering.

Tink introduces its developer platform, democratising access to financial data and helping third-party providers create next-generation products for customers.