ConTe.it Prestiti partners with Tink to improve instant lending
By Gloria Methri
ConTe.it Prestiti, a new venture in the credit sector of Admiral Group Italy, has partnered with Tink, the European open banking platform, to offer its customers an improved and instant lending application process. ConTe.it Prestiti, a lending FinTech platform, has embedded Tink’s Income Check product into its current offering to make more accurate affordability assessments.
Powered by open banking, Tink’s Income Check product allows banks and lenders to instantly verify a person’s income using secure and real-time data directly from their bank account. Using face recognition or with a single click, customers can consent to connect to their bank account, where income-related transactions over more than 12 months are categorised as salary, pension, benefits, or cash deposits.
Tink’s technology will enable ConTe.it Prestiti to roll out and expand its lending offering across Italy.
Francesco Cristofaro, Head of IT & UX at ConTe.it Prestiti, commented, “At ConTe.it Prestiti, we are rethinking the personal loan market and by partnering with Tink we will be able to offer a more tailored loan exclusively on the characteristics of the individual applicant. This enables us to be truly inclusive in our financial services offering. For us, open banking is the essential starting point to becoming the first lender in Italy to offer instant loans. That is why we chose to work with Tink.”
Daniel Henriquez, Southern Europe Banking Lead for Italy at Tink, added, “Real-time insights are vital for accurate loan application assessments. Tink’s Income Check is fast, frictionless, and based on up-to-date income information, rather than credit scores or antiquated risk decisions. This allows ConTe.it Prestiti to gain a clearer, more comprehensive insight into a loan applicant’s repayment ability, providing them with the best loan process available.”
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