BNP Paribas, the world’s eighth-largest bank, has selected Tink to be its preferred European partner for data aggregation and enrichment, payment initiation and personal finance management (PFM) technology – bringing our banking infrastructure and data services to the bank that serves 18 million customers in the region.
The strategic partnership extends the already-close relationship between Tink and BNP Paribas. In addition to our two-year-old partnership with BNP Paribas Fortis – the Belgian subsidiary who uses our tech in their Easy Banking App – Tink will be partnering with the Italian subsidiary Banca Nazionale del Lavoro (BNL).
The Italian retail banking network will start using our full tech offering – data aggregation and enrichment, payment initiation and personal finance management (PFM). And in doing so will enable its customers to start benefiting from a new generation of data-driven banking services.
Our ties with the Paris-headquartered bank are also immediately being strengthened by the minority stake that BNP Paribas Group’s venture arm Opera Tech Ventures has taken in Tink, as part of our recent €90 million investment round.
Becoming the preferred tech provider to one of the largest retail banking groups in Europe – and getting the opportunity to help improve the personal finance management of its 18 million customers – is a big step in the open banking journey.
It’s further proof that big incumbent banks like BNP Paribas recognise the opportunity that’s being presented by a shifting industry – and signaling that they want to be on the front lines.
The partnership with BNL, in particular, highlights the exciting ecosystem that’s taking shape in Italy – where consumers are increasingly turning to mobile services for their day-to-day banking. And big players are taking notice.
Poste Italiane – the country’s postal service and a financial services provider – also became a strategic investor in Tink in our most recent funding round.
This industry is developing so quickly – and we’re fortunate to be standing on the front lines with the best in Europe.
The global financial super app Revolut has entered into a strategic partnership with Tink to offer its European customers seamless payment solutions powered by open banking.
Find out how PostNord Strålfors – the largest distributor of invoices in the Nordics – is transforming how invoices are paid. (Spoiler alert: it has to do with their new partnership with Tink.)
An Post, Irish postal service provider, is partnering with Tink to give its customers the power to better manage their money. Using Tink’s open banking technology, An Post’s Money Manager app helps users improve their finances.
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