This new strategic partnership will enable Sopra Banking Software’s customers to unlock the full value of open banking, well beyond PSD2 compliance. By integrating with Tink’s tech, the Sopra Banking Platform – a component-based and cloud banking platform – will offer new value and turn-key cloud-native digital banking solutions.
The Sopra Banking Platform provides a broad range of capabilities, allowing any type of customer to accelerate their digital transformation. The platform has a rich catalogue of retail banking functionalities and business features such as accounts, savings, lending, payment, channels, and compliance. Through its engagement platform (DBEP), Sopra Banking designs end-to-end digital banking solutions allowing customers to transform their bank with simple integrations and provide unique customer journeys for a better end-user experience.
By integrating with Tink’s technology, Sopra Banking Software will get access to a broad range of quality, real-time account data to power their off-the-shelf digital banking solutions – Tink connects to more than 2,500 banks, reaching over 250 million bank customers across Europe.
This partnership represents a big leap for open banking in Europe, with a global leader in banking software tapping into the many possibilities enabled by Europe's top open banking technology provider.
Later this year, Sopra Banking plans to use several of Tink’s solutions, such as multi-banking, enhanced credit scoring, and integrated payments and transfers – making it easier to extract the commercial value of financial data.
Eric Pasquier, CEO at Sopra Banking Software, explained ‘Tomorrow’s financial services will be inter-connected, embedded, and often invisible. To differentiate, banks will increasingly need to actively connect with external third parties. Thus, combining Sopra Banking’s unique sets of retail banking solutions with Tink’s open banking technology will allow our clients to develop unique data-enabled customer experiences’