PartnershipEU

BNP Paribas Extends Open Banking Partnership with Tink

BNP Paribas announced an extension of its open banking partnership with Tink, the Swedish open banking platform. Under the expanded partnership, Tink provides account aggregation and payment initiation services that BNP Paribas can integrate across its European operations. Tink's platform enables secure access to bank data through PSD2-compliant APIs, allowing BNP Paribas to enhance its digital banking offerings for customers.

The partnership reflects the broader trend of major European banks embracing open banking infrastructure provided by fintech partners rather than building entirely in-house. Financial terms of the extended agreement were not publicly disclosed. The collaboration strengthens Tink's position as a key open banking infrastructure provider to tier-one European banks while giving BNP Paribas access to cutting-edge connectivity across multiple markets.

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Implications
  • Signals growing reliance of major European banks on fintech partners for open banking infrastructure
  • Strengthens Tink's position as a leading open banking platform for tier-one banks ahead of its later acquisition by Visa
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