back Back

Tink acquires German open banking firm FinTecSystems

By Megha Bhattacharya

May 18, 2021

  • Germany
  • Tink
Share

Tink has announced the acquisition of German open banking infrastructure FinTech FinTecSystems in a bid to accelerate its European expansion. The acquisition will strengthen FinTecSystems’ market position, with Tink further fuelling the company’s high growth and open banking capabilities in the DACH region. The acquisition of FinTecSystems is conditional upon approval from the national competent authorities.

According to Tink, the combination will offer both local and international customers in the region a complete solution when partnering for open banking technology.

Stefan Krautkrämer, co-founder and Managing Director of FinTecSystems said, “We are proud to have built the leading open banking platform in DACH, serving some of the biggest and most innovative financial institutions and fintechs in the region. Now we are equally proud that FinTecSystems will become part of Europe’s leading open banking platform. By joining forces with Tink, there is a unique opportunity to further strengthen FinTecSystems’ position as the open banking leader in the region, and better support our clients to expand across Europe.”

FinTecSystems specialises in data analytics, digital account checks, account aggregation and open banking payments, with customers including N26, DKB, Santander, Solarisbank and Check24. It delivers account information with an aim to enable companies to make better, data-driven and automated decisions – with three in every four online credit decisions in Germany involving FinTecSystems.

Daniel Kjellén, co-founder and CEO, Tink, added, “Germany is a key market for Tink, and we are excited to have acquired an innovative leader with a strong reputation for the quality of its bank connectivity and payments services. We have followed FinTecSystems for many years and are impressed by what they have achieved. Through this acquisition, we are taking a big step into the DACH region, and we look forward to supporting the FinTecSystems’ team to further accelerate their growth.”

Previous Article

May 18, 2021

UAE-based P2P payments app Mamo raises $8 million

Read More
Next Article

May 18, 2021

Experian teams up with Temenos for real-time credit offers

Read More







Advertise with us



IBSi Daily News Analysis

The Weekly Wrap

July 01, 2022

Germany

The Weekly Wrap: all you need to know by Friday COB | July 1st

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 01, 2022

IBS Intelligence recognizes Temenos as the #1 Best-Selling Banking Software in Six Categories

Read More

July 01, 2022

GoCardless to acquire Open Banking platform Nordigen

Read More

July 01, 2022

5 FinTech tweets you should see!

Read More

Related Reports

Sales League Table Report 2022

£ 1,500.00 / year

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022