How Italian banking giant BNL is taking multi banking to the masses
BNP Paribas’ BNL has added multi-banking to its mobile banking app, giving its customers a 360-degree view of their finances in one place. In the first step of a partnership driving innovation for the bank, BNL is using Tink technology to take new services to its 2.5 million customers in Italy.
TL;DR – Quick summary
BNP Paribas’ BNL has launched multi-banking for its 2.5 million customers in Italy.
This is the first step in a partnership with Tink to build new services on open banking technology.
BNL customers can now view their accounts with any bank in Italy within the BNL app, helping them manage their money in one place.
This forms part of a wider strategic partnership between Tink and BNP Paribas.
With over 100 years in the banking industry, and as part of the BNP Paribas group, BNL is one of the most respected and well-known banks in Italy. It’s also now one of the first banks in Italy to bring multi-banking to its customers.
Multi-banking lets BNL’s mobile banking users add any checking accounts they might have with other Italian banks into the BNL app, and see all of their finances in one place. The new service, powered by Tink’s Transactions, makes it seamless for BNL’s users to connect to their other bank accounts and view their balances and transactions.
But the real benefit of multi-banking goes beyond the convenience of having all your accounts on one screen. What it ultimately does is help people see the full picture, instead of just one piece of the puzzle at a time. This helps people have a greater understanding and control over their personal finances, while for the bank, it increases engagement and gives them better customer insight.
This first important step brings meaningful new services to BNL’s 2.5 million customers, and forms part of a wider strategic European partnership Tink has with BNP Paribas, announced back in January 2020. Step two of the collaboration will see personal finance management features added to BNL’s mobile banking app. Over time, the partnership will continue to help BNL develop its open banking strategy, driving innovation for the bank and adding real value for its customers.
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