BNP Paribas and Open Banking platform Tink extend European partnership

BNP Paribas has chosen Tink as its preferred European partner for account aggregation, payment initiation and personal finance management technologies.

Open Banking platform Tink will also tap into BNP Paribas’ Italian retail network, Banco Nazionale del Lavoro (BNL).

As part of the partnership, BNL will start implementing Tink’s solutions for account aggregation, payment initiation and personal finance management.

Sophie Heller, COO Retail Banking & Services, BNP Paribas, said:  “We position ourselves as the trusted financial companion of our customers, so that we anticipate their needs, help them understand their situation, provide them with options and implement solutions on a daily basis and at critical moments.

“Tink’s solutions provide value added services to enhance our customers’ personal financial management. We are thrilled to develop this strategic partnership with Tink on a European level.”

To support the partnership, Opera Tech Ventures, BNP Paribas’ venture capital arm, made a minority investment in Tink.

Daniel Kjellén, co-founder and CEO of Tink, said: “We are beyond excited to become the preferred technology provider of account aggregation, payment initiation and personal finance management technologies to one of the largest retail bank groups in Europe, that serves almost 18 million customers in the region. We look forward to supporting BNP Paribas on an European level.”