BNP Paribas and Swedish fintech Tink partner on digital banking

BNP Paribas Fortis is to integrate technology firm Tink's Aggregation, Personal Finance Management and Payment Initiation technology to power Fortis' new multi-banking app Hello Bank! Swedish firm Tink has more than 500,000 users and counts ABN Amro Ventures, Creades, Sunstone Ventures, SEB Ventures, Nordea and Nordnet among its investors. Daniel Kjellén, CEO at Tink said the partnership is proof that retail banking is becoming transparent and customer centric, where early investors in technology will attract new customers and expand existing ones.

The dynamic duo are teaming up to power Fortis’ new multi-banking app.

Belgian bank BNP Paribas Fortis has announced it will be integrating tech from Swedish firm Tink to power its mobile banking applications.

Tink will be providing its Aggregation, Personal Finance Management (PFM) and Payment Initiation technology to support the release of Fortis’ new multi-banking app Hello Bank! later this summer, with an update to the bank’s Easy Banking App to follow by Autumn.

Founded in Stockholm in 2012, Tink provides financial institutions like Fortis with easy-to-use APIs and building blocks to create digital banking services, and currently has over 500,000 users. It includes Creades, Sunstone Ventures, SEB Ventures, Nordea, Nordnet and ABN Amro Ventures among its investors.

Max Jadot, CEO BNP Paribas Fortis, commented: “We strongly believe that technology and changing legislation, such as PSD2, offer exciting opportunities for banks and their clients.”

“Tink has a strong focus on B2C and a proven track record with their consumer app in Sweden with over half a million users. We are thrilled to team up with Tink in view of enhancing our client’s convenience while continuing to guarantee the same high level of protection of client data.”

The news marks Tink’s first partnership in Belgium, but includes Nordea, Nordnet and fellow Swedish fintech Klarna among its other partners.

Daniel Kjellén, CEO at Tink, added: “We are beyond excited to partner with such a forward leaning bank as BNP Paribas Fortis - our product is in great hands since we share the view on how the future of open banking will be.

“The partnership is proof of a retail banking market that is becoming fully transparent and customer centric, where the innovators who choose to invest early in technology will gain insights that can attract new customers and expand existing ones.”