NatWest becomes first UK partner for open banking platform Tink
Tink’s Personal Finance Management (PFM) and Data Enrichment products will be integrated into NatWest’s core mobile banking app. Based on customers’ transaction histories, the bank will be able to offer personalised insights on their spending.
“We believe that there are massive opportunities for those who choose to leverage new technology in order to build greater engagement with their customers,” says Daniel Kjellén, Tink co-founder and CEO. “This partnership is proof of just that.”
The features built with Tink’s technology will go live in Q4 2019.
The deal with NatWest follows the news that Tink recently raised €56 million from new and existing investors.
Tink’s current European partners include BNP Paribas Fortis, ABN AMRO, Nordea and Klarna.