The solutions that will lead to a new world of finance

2 min read|Published August 16, 2022
The solutions that will lead to a new world of finance

The way banking happens has changed more drastically in recent years than it did for decades. For a long time, it remained largely unchanged, with banks traditionally being the only ones able to access consumer data. But then, along came a magical movement, known as open banking.

TL;DR – Quick summary
  • For decades, the financial industry wasn’t really innovating very fast. That changed when open banking was introduced.

  • Open banking has revolutionized every aspect of the financial services industry. From payments, to affordability checks and more.

  • Download our ultimate solutions guide to see how open banking can help you.

TL;DR – Quick summary
  • For decades, the financial industry wasn’t really innovating very fast. That changed when open banking was introduced.

  • Open banking has revolutionized every aspect of the financial services industry. From payments, to affordability checks and more.

  • Download our ultimate solutions guide to see how open banking can help you.

Since its introduction, open banking is giving people direct ownership of their financial data for the first time – and giving the financial services industry a much needed shake. But this wealth of data is only valuable if it’s used in the right way – with the right tools.

Enabling change

Open banking is enabling change in every single corner of financial services, with new doors being unlocked thanks to a shift in regulations and perspective. Millions of consumers around the globe are already reaping the benefits daily. 

One of the biggest barriers it has removed is quite simply, hassle. Open banking has shown us that it’s possible to pay for things seamlessly and securely and at the tap of a button. It’s also revolutionised other things such as the validation of account details and running affordability checks. All these things can now happen almost instantaneously, without the need for hours or days of manual labour.

One guide – Many solutions

With so many possibilities for open banking, it can feel a little bit overwhelming to figure out how it can help you exactly. But no need to worry. We’ve put together the ultimate guide to open banking solutions. Get your copy by submitting the form below.

More in Open banking

Tink Pay by Bank

2024-09-24

4 min read

Why Pay by Bank fits luxury retail like a glove

Pay by Bank offers a solution that addresses the potentially higher transaction fees and fraud risks while enhancing the customer experience for luxury retailers.

Read more

Tink and Nordea

2024-09-03

5 min read

Customer interview – Nordea on consumer engagement

We spoke to Nordea Product Manager Sami Mikkonen about enhancing their mobile app using open banking technology, focusing on improving consumer engagement and financial management.

Read more

Tink Pay by Bank

2024-07-29

6 min read

Not just another payment method – six reasons why leading PSPs are prioritising Pay by Bank

In the second article of this series, we focus on why leading Payment Service Providers (PSPs) – like Adyen and Stripe – are introducing Pay by Bank to their checkout options (and why this is important for their merchants too).

Read more

Get started with Tink

Contact our team to learn more about what we can help you build – or create an account to get started right away.

Rocket