Daniel Kjellén, CEO and co-founder at Tink

Swedish fintech Tink has announced a partnership with Mash, a Finland based fintech, in order to enable data-driven payment offerings for the latter.

According to the supplier, Mash will utilize Tink’s account aggregation capabilities and enable a seamless onboarding process and enable visibility and insights into their customers’ financials. The partnership is expected to enhance Mash’s customer experience under the new PSD2 regulations.

“We selected Tink as an API provider due to their capabilities in Finland and their pan-European connectivity. The quality of the aggregated data that Tink can access makes them a reliable source which will enable us to deliver a better service to our customers by making more informed decisions”, says James Hickson, CEO at Mash.

The integration will be rolled out to Mash’s operations across Finland, Sweden, Poland and Spain.

“Mash is one of our partners who chooses to leverage the opportunities brought about by open banking to become more data-driven and deliver a better customer service. It’s one of the use cases that will bring benefits to both their customers and to them as a business, which is exactly what open banking is all about”, says Daniel Kjellén, CEO and co-founder at Tink.

Established in Sweden in 2013 as a consumer-facing finance app with bank account aggregation at its heart, Tink has since repositioned its offering to provide the same underlying technology and more to banks and other financial service providers who want to ride the open banking/PSD2 train. Through various APIs, Tink provides four pillars of technology: “Account Aggregation,” “Payment Initiation,” “Personal Finance Management” and “Data Enrichment”. These can be used by third parties to roll their own standalone apps or integrated into existing banking applications.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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