NatWest becomes Tink’s first partner in the UK as it continues to increase its European presence. Tink’s Personal Finance Management and Data Enrichment products will allow the bank to give its customers personalised advice based on their spending, allowing them to make better financial choices.
Tink and NatWest announced on Thursday a new partnership agreement that will positively impact NatWest’s mobile banking.
The agreement will give NatWest access to Tink’s Personal Finance Management (PFM) and Data Enrichment products that will be integrated into NatWest’s core mobile banking app. This will allow NatWest to improve its mobile banking offering by giving customers personalised insights based on their transaction history to help them feel more in control of their finances.
The partnership is a strategic choice that makes the bank well positioned to meet the increased customer expectations on digital financial services. The features built with Tink’s technology are planned to go live in Q4 2019.
NatWest becomes Tink’s first UK partner and joins leading European players including BNP Paribas Fortis, ABN AMRO, Nordea and Klarna. Earlier this year, Tink announced it had completed a significant new investment round, raising €56 million from a group of new and existing investors.
Daniel Kjellén, co-founder and CEO, Tink said, “The partnership with NatWest is a great testament to the quality of our technology – and to their dedication to improve its digital offering and customer experience. We believe that there are massive opportunities for those who choose to leverage new technology in order to build greater engagement with their customers. This partnership is proof of just that.”