Open banking platform Tink has partnered with Nordic Bank Nordea to add new multi-banking features to Nordea’s mobile app.
The new features will enable Nordea’s customers access their finances in one place, including mortgages, savings, loans and current accounts.
Anders Nicander, Head of One Digital, Nordea, said: “Nordea is dedicated to providing great digital experiences. We want to be seen as a relevant partner to our customers. As part of that, Nordea is happy to see that our customer experience in the Nordea Mobile App has improved through our collaboration with Tink.
“Providing Swedish customers with a more complete financial overview is our first delivery together with Tink. Now we look forward to bringing this to our other markets and at the same time develop other exciting functionalities based on Tink technology.”
The features are currently available to Nordea customers based in Sweden, with the same capabilities due to launch in Norway, Finland and Denmark in the coming months.
In addition, later in the year, additional features will be added to the app. These include the possibility for Nordea’s app users to categorise costs, analyse their spending and set budgets.
Daniel Kjellén, Tink CEO and co-founder, said: “Our open banking technology has already helped millions of bank customers across Europe to get a better overview and understanding of their finances. We are very proud to now make our technology available to almost 11 million bank customers in Sweden, Norway, Finland and Denmark through our partnership with Nordea.”
The announcement comes as Tink has accelerated its expansion across Europe. In March, the company acquired Spanish account aggregation provider Eurobits Technologies for €15.5m.
Following the acquisition, Tink will cover 17 markets, predominantly in Europe and Latin America. The acquisition followed news that Tink had secured a €90m investment in January.