Utilities and open banking. A winning combination.
Discover how open banking can help you to reduce costs, manage risk, reduce fraud and monitor vulnerable customers - all with a digital experience that consumers love.
Utilities and open banking. A winning combination.
Discover how open banking can help you to reduce costs, manage risk, reduce fraud and monitor vulnerable customers - all with a digital experience that consumers love.
Onboarding with ease
Reduce drop-out and error with seamless sign-up. No need to type in bank details, accounts are linked and verified in seconds.
Monitor customer vulnerability
Access real-time transaction and balance data to gain insights into the financial health of your customers.
Optimise costs
Lower fees with reduced back-office work, fewer failed payments, and next to zero fraud, payments are more efficient.
Error free direct-debit
Direct debit set-up can be a friction-heavy experience, prone to human error, user drop-out and failed payment.
Save costs with account and balance checks built in to your direct debit sign-up flow. Bank details are collected automatically, so there’s no need for manual typing and no risk of error. And details are checked and verified so fraud attempts are blocked. Which means sign-up is smooth, payment is simple and billing is trouble-free.
Error free direct-debit
Direct debit set-up can be a friction-heavy experience, prone to human error, user drop-out and failed payment.
Save costs with account and balance checks built in to your direct debit sign-up flow. Bank details are collected automatically, so there’s no need for manual typing and no risk of error. And details are checked and verified so fraud attempts are blocked. Which means sign-up is smooth, payment is simple and billing is trouble-free.
Auto-billing and user controls
From unpaid bills and customer churn, to the mounting cost of failed payments, managing processes manually can take its toll on customer numbers and cost to your organisation.
Open banking provides the tools for consumers to set controls, managing their payment thresholds. And smart auto-billing minimises failed payments and fraud, improving collections and reducing costs.
Auto-billing and user controls
From unpaid bills and customer churn, to the mounting cost of failed payments, managing processes manually can take its toll on customer numbers and cost to your organisation.
Open banking provides the tools for consumers to set controls, managing their payment thresholds. And smart auto-billing minimises failed payments and fraud, improving collections and reducing costs.
Flexible recurring payments
Automated mandate set-up with built in verification powered by VRP means a smooth experience, fewer errors, reduced fraud and higher conversion.
Processes powered by deeper data
Use real-time balance data to maximise your collection rate, billing customers when they have funds available - avoiding failed payments and minimising churn.
Instant account linking
Collect account information and set up direct debits instantly, either through simple sign-up flows or a one-time payment.
Why Tink
-80%
Est. reduction in payment-related costs
87%
AVG. end-to-end conversion rate
3M
Unique users paying an invoice via Tink each month
€540M
Total value of invoices paid via Tink each month
Interesting reads
2022-12-14
7 min read
How VRPs can help your customers weather the economic storm
How Variable Recurring Payments can help vulnerable consumers avoid overdraft fees and cancelled payments during the economic crisis.
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2023-06-28
4 min read
Variable Recurring Payments - New UK working group drive to help accelerate and improve adoption
Tink’s Andrew Boyajian is playing a key role in a new variable recurring payments (VRPs) working group in the UK, advocating for standardisation and faster implementation of this technology in open banking.
Read more
2022-11-24
5 min read
Balance Check
Reducing fraud and failed payments just got easier. Learn how balance check is increasing operational efficiency and reducing chargebacks.
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