BNP Paribas has extended its partnership with open banking platform Tink to supply its customers with more personal finance tools.
Tink already has a partnership with BNP Paribas Fortis, which is the retail network of the bank for Belgium and is now also entering a deal with its Italian division, BNP Paribas, Banca Nazionale del Lavoro.
As part of the deal, BNL will start implementing Tink’s solutions for account aggregation, payment initiation and personal finance management.
The partnership is supported by a minority investment in Tink.
BNP Paribas COO Sophie Heller 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.”
Tink provides financial institutions with a selection of APIs which can help them access aggregated financial data, initiate payments, enrich transactions and implement personal finance management tools.
The FinTech closed a €90m funding round earlier this month as it looks to make a big expansion effort across Europe.
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