From: RegTech Analyst
Open banking startup Tink has integrated its software into Nordea’s mobile banking app to deliver a personalised financial overview for the bank’s customers in Sweden, Norway, Finland and Denmark.
The integration will enable Nordea’s app users to get a comprehensive overview of their finances in one place, including mortgage, savings, loans and current account — even from other banks.
Tink will add other features like the the ability to categorise costs, analyse spending and set budgets later in 2020.
“Our open banking technology has already helped millions of bank customers across Europe to get a better overview and understanding of their finances,” said Daniel Kjellén, co-founder and CEO of Tink. “We are very proud to now make our technology available to almost 11 million bank customers in Sweden, Norway, Finland and Denmark through our partnership with Nordea.”
Anders Nicander, head of One Digital at Nordea, added, “Nordea is dedicated to providing great digital experiences, and we want to be seen as a relevant partner to our customers. As part of that, Nordea is happy to see that our customer experience in the Nordea Mobile App is improved through our collaboration with Tink. Providing Swedish customers with a more complete financial overview is our first delivery together with Tink. Now we look forward to bringing this to our other markets and at the same time develop other exciting functionalities based on Tink technology.”
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