Tink and NatWest have announced a new partnership giving the British bank access to the Swedish Open Banking platform’s personal finance management and data enrichment products.
These will be integrated into NatWest’s core mobile banking app, allowing personalised customer insights based on transaction history. The features built with Tink’s technology are planned to go live in the fourth quarter of this year.
NatWest is Tink’s first UK partner and joins European players including BNP Paribas Fortis, ABN AMRO, Nordea and Klarna. Earlier this year, Tink announced it had completed a new investment round, raising €56 million from a group of new and existing investors.
Daniel Kjellén, co-founder and chief executive of Tink, said: “We believe that there are massive opportunities for those who choose to leverage new technology in order to build greater engagement with their customers – this partnership is proof of just that.”
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