The agreement means that SDC will use Tink's technology to offer so-called multi-banking to 120 banks in Sweden, Norway, Denmark, Finland and the Faroe Islands.
About 25 per cent of the bank customers in Denmark have two or more banks, and the new cooperation between SDC and Tink will give our customers a better overview of their overall economy.
Specifically, our banks can withdraw account information from all the customer's banks and present them together with the mobile bank. "We are developing a new digital self-service platform for our banks' end customers. One of the key elements is that the customers here can get an overall view of their finances and can manage their daily banking transactions in one place in one single user interface - even if they have more banks. We look forward to realizing this concept in cooperation with Tink, "says Sille Stener, Director at SDC.
She adds that SDC has chosen Tink, because the company has "a technically mature solution and has a strong strategic approach to how data can be used to provide added value to users." SDC's banks access Tink's multi-banking functions from August.
"It is with great pride that we enter into a partnership with SDC so that they can fully exploit PSD2. The partnership is well in line with our goal of making it easy for others to build good products that give consumers the tools for to make smarter financial decisions, "says Daniel Kjellén, CEO and co-founder of Tink.Read the article in FinansWatch.