Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Friday it has joined forces with Nordic banking group Nordea to enable multiple banking for mobile app customers According to Tink, the integration will deliver a personalized financial overview for the bank’s customers in Sweden, Norway, Finland, and Denmark. The new app features will be rolled out gradually by Nordea in the Nordic markets, starting with Sweden.
“The new features will make it possible for Nordea’s app users to get a comprehensive overview of their finances in one place, including mortgage, savings, loans and current account – even from other banks.”
Tink further reported that additional features based on its open banking technologies, which includes the possibility for Nordea’s app users to categorize costs, analyze their spending, and set budgets, will be added to the app later this year. Speaking about the collaboration, Anders Nicander, Head of One Digital, Nordea, stated:
“Nordea is dedicated to providing great digital experiences, and we want to be seen as a relevant partner to our customers. As part of that, Nordea is happy to see that our customer experience in the Nordea Mobile App is improved through our collaboration with Tink. Providing Swedish customers with a more complete financial overview is our first delivery together with Tink. Now we look forward to bringing this to our other markets and at the same time develop other exciting functionalities based on Tink technology.”
Daniel Kjellén, co-founder and CEO of Tink, went on to add:
“Our open banking technology has already helped millions of bank customers across Europe to get a better overview and understanding of their finances. We are very proud to now make our technology available to almost 11 million bank customers in Sweden, Norway, Finland and Denmark through our partnership with Nordea.”