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.
Our new Banking & Lending director for the Netherlands and DACH region, David van Damme, shares his insights on these innovative markets, why they’re different and how digitalisation is changing the lending landscape.
TransferGo, the global fintech empowering a world on the move, has partnered with Tink to add Pay by Bank to its payments offering. Pay by Bank is now live for UK TransferGo customers, introducing a new way to more securely and quickly send money internationally.
Splitwise, a popular app for sharing bills and expenses, and Tink have partnered to bring Pay by Bank to Splitwise users. This enables millions of Splitwise users to initiate direct payments to friends and family from within the Splitwise app.
Contact our team to learn more about what we can help you build – or create an account to get started right away.