SBS and Tink partner over open banking technology 01 July 2020Paris Reporter: Rebecca Delaney
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Sopra Banking Software (SBS) has partnered with Tink to develop open banking technology.
The global provider of digital banking and financing software has partnered with Tink to combine their technology and expertise to allow SBS clients to access cloud native digital banking solutions.
Tink technologies include financial data aggregation, payment initiation, data enrichment, and personal finance management capabilities, while SBS provides an extensive catalogue of retail banking functionalities and business features.
The partnership will see the integration of third party data and external application programming interface services on SBS’ digital banking engagement platform.
Objectives of the partnership were set out to be the ability to administer efficient processes such as multi-banking, customer onboarding, know-your-customer, digital lending, enhanced credit scoring, and integrated payments.
Eric Pasquier, CEO at SBS, commented: “Tomorrow’s financial services will be inter-connected, embedded, and often invisible. To differentiate, banks will increasingly need to actively connect with external third parties. Combining SBS’ unique sets of retail banking solutions with Tink’s open banking technologies will allow our clients to develop unique data-enabled customer experiences.”
Daniel Kjellén, co-founder and CEO of Tink, continued: “As Europe’s leading open banking platform, we are proud to enter this strategic channel partnership with a global leader in digital banking like SBS. We look forward to working with SBS and supporting their 1,500 clients in 80 countries with our open banking technology.”
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