BNP Paribas and open banking platform Tink extend their partnership in Europe
As part of the partnership, BNL will start implementing Tink’s solutions for account aggregation, payment initiation and personal finance management.
BNP Paribas and open banking platform Tink and BNP Paribas today announce an extension of their partnership in Europe. On top of 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.
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. At present, 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.
Earlier in January, Tink announced the completion of a €90 million investment round. This investment round follows Tink’s €56 million investment round in February 2019.
The new funding will fuel Tink’s continued expansion across Europe and support further development of its open banking platform that enables banks, fintechs and startups to develop data-driven financial services.
