Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Thursday it has launched its service in both Italy and Portugal. As previously reported, Tink provides partners ranging from big banks to individual developers with the technology to securely access financial data from across Europe to enable innovative digital financial services. Tink’s technology powers leading European players including NatWest, ABN AMRO, BNP Paribas Fortis and Klarna.
Speaking about the launch, Tink’s team stated:
“Italy and Portugal have been making exciting leaps in financial services, with both banks and fintechs responding to an increasingly mobile banking and commerce landscape. To boost this development, we’re launching our platform in these markets to allow businesses and developers to build the next generation of financial services. In both countries, we’ve built connections to the PSD2 APIs of the major banks, providing access to the data through our single API. Our aim with this launch is to help advance the financial ecosystems – allowing innovators to embrace the era of data-driven innovation, and deliver smart and personalised customer experiences.”
Tink also revealed that it has worked closely with the Portuguese payment processor and open banking platform SIBS to connect to these open banking APIs while Tink has opened its local office in Milan. In regards to what its products will provide to Europeans, Tinks team added:
“With thousands of developers across Europe already working on their ideas through Tink’s platform, Italian and Portuguese innovators can now start using financial data to build better services or entirely new user experiences, such as holistic financial overviews or simpler onboarding processes.”