Tink launches ‘income check’ in the UK

Tink has launched a new income check service which aims to streamline income verification using the company’s Open Banking technology.

The move comes a week after the Swedish FinTech announced a new partnership with Cogo to provide carbon footprint tracking services to banks including NatWest.

The Open Banking platform said its new product enables banks and lenders to instantly verify a person’s income using real-time data from their bank account.

Customers can consent to connecting to their bank account using face recognition or with a single click.

The launch follows the company’s roll out of income check across a number of other European countries, including Sweden, Finland, Spain, France, Belgium, Germany and the Netherlands.

“While income verification has always been a crucial part of the lending industry, the process itself has been far from simple – until now,” said Tasha Chouhan, UK & IE banking lead, Tink. “With new capabilities made possible by open banking, income verification has finally entered the digital age, taking minutes to check instead of days or weeks.

"The arrival of our Income Check product in the UK, means that our UK partners can now instantly verify income directly from a user’s bank account, based on granular and secure real-time transaction data.”

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.