Belgium’s BNP Paribas Fortis has signed an agreement with Swedish FinTech firm Tink for use of its aggregation, personal finance management and payment initiation technology in its mobile banking applications.

The first step of the partnership will be the release of the new multi-banking app for Hello Bank! later this year. The two companies will also work together to update Fortis’ mobile banking service Easy Banking by autumn this year.

Tink’s aggregation product allows for the aggregation of any financial information that is typically available in banks’ mobile apps. The partnership is part of BNP Paribas Fortis’ wider plans to enhance user experience and build new, innovative services for their customers.

Max Jadot, CEO of BNP Paribas Fortis, commented: “We strongly believe that technology and changing legislation, such as PSD2, offer exciting opportunities for banks and their clients. Clients of banks can expect increased convenience and remain at all times in control of their data. Working closely with successful FinTechs and integrating them into our ecosystem is part of the DNA of our bank.”

Commenting on the partnership, 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.”

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