Sopra Banking Software, a leader in digital banking and financing software, has joined forces with Tink as a strategic channel partner. „They’ll tap into our data aggregation, enrichment, payment initiation, and personal finance management (PFM) technology – bringing our open banking solutions to a platform that serves 1,500 banks and financial institutions across the world,” according to the press release.
The Sopra Banking Platform provides a broad range of capabilities, allowing any type of customer to accelerate their digital transformation. The platform has a rich catalogue of retail banking functionalities and business features such as accounts, savings, lending, payment, channels, and compliance. Through its engagement platform (DBEP), Sopra Banking designs end-to-end digital banking solutions allowing customers to transform their bank with simple integrations for a better end-user experience.
By integrating with Tink’s technology, Sopra Banking Software will get access to a broad range of quality, real-time account data to power their off-the-shelf digital banking solutions – Tink connects to more than 2,500 banks, reaching over 250 million bank customers across Europe.
„This partnership represents a big leap for open banking in Europe, with a global leader in banking software tapping into the many possibilities enabled by Europe’s top open banking technology provider,” the company said.
Later this year, Sopra Banking plans to use several of Tink’s solutions, such as multi-banking, enhanced credit scoring, and integrated payments and transfers – making it easier to extract the commercial value of financial data.
Eric Pasquier, CEO at Sopra Banking Software, explained: „Tomorrow’s financial services will be inter-connected, embedded, and often invisible. To differentiate, banks will increasingly need to actively connect with external third parties. Thus, combining Sopra Banking’s unique sets of retail banking solutions with Tink’s open banking technology will allow our clients to develop unique data-enabled customer experiences.„
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: