PartnershipEU

Tink Integrates Open Banking Features Into Nordea's Mobile App

On May 15, 2020, open banking platform Tink announced the integration of its technology into Nordea's mobile banking application. The integration enables Nordea customers to access account aggregation, payment initiation, and personal financial management features covering accounts held across multiple banks, all within Nordea's existing app. Tink provides the underlying open banking infrastructure that connects to other financial institutions via PSD2-compliant APIs.

For Nordea, the partnership enhances its digital offering and customer engagement by providing a multi-bank view, positioning the app as a financial hub. The collaboration demonstrates how Europe's largest banks are partnering with open banking fintechs to embed aggregated financial services. Rather than launching a new platform, the integration enriches an existing product, reflecting a different embedded finance approach.

The partnership underscores Tink's role as a key open banking infrastructure provider in the Nordics and broader European market.

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Implications
  • Validates the open banking infrastructure model where fintechs like Tink power embedded features within incumbent bank apps
  • Strengthens the trend of major European banks adopting third-party fintech platforms to improve digital customer experience
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