Tink tops the Juniper Research Competitor Leaderboard in open banking
As the financial industry demands more of open banking vendors, Tink has been recognised as a market leader by topping the 2023 Juniper Research Competitor Leaderboard in open banking. But it’s not just about getting the edge – it means always seeking new ways for businesses to innovate.
Independent market researcher Juniper Research has placed Tink at the top of their 2023 Competitor Leaderboard in open banking.
The leaderboard assesses Juniper Research’s top 18 open banking vendors based on experience, creativity and innovation, partnership strength, breadth of offering, geographic spread and more.
Tink is recognised as a market leading facilitator for businesses to leverage open banking through intelligent tools.
Get your copy of Juniper Research’s 2023 Competitor Leaderboard in this post.
One of Europe’s market analysis leaders in mobile and digital tech, Juniper Research appraises new high-growth market sectors in the digital ecosystem. The 2023 Competitor Leaderboard assesses the key strengths and strategic development opportunities of 18 open banking service providers. This independent evaluation has led Juniper Research to place Tink at the top of its leaderboard owing to its innovative product range, strategic partnerships and seamless regulatory compliance. The report is available here, or read on for a recap.
Tink’s strategic partnerships as a key ingredient for success
Establishing connections is essential for open banking providers, who rely heavily on third parties. To continuously innovate and keep building better services, open banking vendors must nurture strong partnerships with brands. In addition to being acquired by Visa in 2022, Tink has teamed up with the likes of Adyen, SlimPay and Revolut – influential payment service providers who share a vision where consumers enjoy first class account-to-account Pay by Bank payments anywhere. Similarly, Tink’s partnerships have made waves in banking and lending services with cutting edge Nordic loan broker Sambla Group, and Ireland’s premier postal service, An Post. Serving over 300 enterprise customers, 3,400 banks, financial institutions and reaching over 250 million bank customers, Tink has plenty of room to bring about change. And by accessing an even more extensive partnership network with Visa, it’s in prime position to keep pushing the envelope.
A product range that serves up innovation
Thanks to a broad range of open banking powered solutions that serve multiple use cases, Tink’s customers set themselves apart. To stay competitive in a market that’s becoming increasingly saturated, Juniper Research assesses an open banking vendor’s ability to offer a ‘highly innovative range of solutions that can be applied to various use cases and markets such as consumer and B2B lending.’ Tink ranked highly due to a product portfolio that covers use cases across lending, risk decisioning and payments. ‘This means that its customers can benefit from a diverse set of solutions, helping a wide variety of different customers, cementing Tink’s position as a leader in the open banking market.’
Capabilities, capacity and positioning
The Competitor Leaderboard spotlights Tink’s geographical reach, strength of partnerships and acquisitions, focus on open banking solutions and a strong customer base as its highest ranking differentiating factors. Other elements used to assess the company’s capabilities, capacity and positioning are what Juniper Research terms ‘experience’, ‘scale of operations’, ‘breadth of offerings’, ‘creativity and innovations’ and ‘future prospects’.
We’re honoured to be recognised by Juniper’s extensive research, particularly as demand for innovation increases on open banking services. As well as motivating us to remain the go-to platform, the 2023 Competitor Leaderboard reminds us of what matters: our customers. Enabling businesses to harness the power of open banking is at the heart of what we do. Whether that’s taking on Pay by Bank, inclusive lending or coaching consumers towards financial wellness, our tools are here to help. For more information, take a look at the Juniper Report or get in touch.
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