At the beginning of 2019, we set our sights on making the most of the opportunity that open banking is offering – a huge industry shift that is bringing about a new generation of financial services to market. Before we wrap up another year, we’re looking back at our own journey in 2019 and how it reflects this industry-wide transformation.
This was a year in which we saw huge demand from European markets for open banking services and the kind of tech we engineer – and because of that, our number of customers quadrupled. To better serve our customers in each market and be closer to their day-to-day, we established new offices with talented teams in seven new countries.
Some of the biggest banks and financial organisations in Europe partnered with us or went live with our tech this year. Like PayPal, who will be using aggregation to improve the product experience they offer, and CGD, who built and launched award-winning PFM app DABOX based on our platform.
Like everyone in the industry, we embarked on a massive PSD2 implementation effort to meet the September deadline and improve the tech environment in Europe. We put in substantial effort into solidifying our connectivity and developing our products in order to meet the demand for open banking tech across the continent.
In the last few weeks of the year, as everyone powers down to set ambitious new goals for the future, we’ve compiled the numbers that truly illustrate the year that was 2019.
The latest EBA Opinion calls for the removal of obstacles that obstruct TPP’s access to accounts for open banking services. Here’s our take on the most important bits of the Opinion, and what it means for banks and TPPs alike.
We interviewed Matteo Concas, Head of Global Digital Banking Solutions at Enel X. Here’s why one of the largest energy companies in Europe is looking to financial services – and open banking – to bring more value to their customers.
Gone are the days when banks and fintechs battled for the financial services crown, as collaboration proves king. Tink’s Rafa Plantier takes a look at how banks and fintechs have worked out they’re better together.