BNP Paribas’ Italian bank BNL selects Tink for multi-banking service launch

By Megha Bhattacharya

Tink, the Swedish open banking platform provider, today announced that Italian bank BNL has launched a multi-banking service with the former. BNL forms a part of the international group BNP Paribas. The collaboration aims to strengthen the collaboration between BNP Paribas and Tink that began in the first half of 2020.

Marco Tarantola, BNL Deputy General Manager and Head of Commercial Banking Division, said, “We are one of the first banks in Italy to offer multi banking to its customers, helping them to better manage their money by having an overview of their finances held with different banks, all in one place. This is the first step in our collaboration with Tink, which will enable us to continue developing our open banking strategy – driving innovation for the bank and adding real value for our customers.”

According to Tink, it has worked along with the Italian bank BNL to facilitate the addition of a new multi-banking feature for BNL’s mobile banking app. The new multi-banking feature is expected to enable the bank’s customers to view their finances in one place as well as add checking accounts held with other banks in Italy, into the BNL environment.

Daniel Kjellén, co-founder and CEO of Tink, added, “With over 100 years in the banking industry, BNL is one of the most respected and well-known banks in Italy. This first important step in our partnership gives BNL’s 2.5 million customers a better understanding of their finances with just one app. We look forward to continuing to work with BNL, as part of our strategic partnership with BNP Paribas, to help it create more services powered by open banking technology.”

Recently, Tink teamed up with Dutch subscription app Dyme with an aim to expand the latter’s money-saving service across Europe. Dyme aims to expand its services in the UK and Germany. The collaboration enables Dyme to leverage Tink’s account aggregation technology in the UK and Germany for connecting people’s bank accounts within the app.