Sopra Banking Software signs strategic partnership with Tink
Two European Fintech leaders in digital banking combine their technologies and expertise.
This partnership will enable SBS’s customers to harness the full value chain of open banking, well beyond PSD2 compliance. By integrating Tink’s technologies, Sopra Banking Platform will offer new value and turn-key cloud native digital banking solutions.
- Sopra Banking Platform’s capabilities – one of the richest catalogs of retail banking functionalities and business features, such as accounts, savings, lending, payments, channels and compliance. Through its engagement platform (Digital Banking Engagement Platform), Sopra Banking Software designs end-to-end digital banking solutions.
- Tink’s technologies – financial data aggregation, payment initiation, data enrichment and personal finance management capabilities. Tink connects to more than 2,500 banks that reach over 250 million bank customers across Europe.
By integrating third-party data and orchestrating internal and external API services, banks will be able to design fully digital, personalised customer experiences.
SBS’s parent company, Sopra Steria, whose capabilities include digital services, consulting and infrastructure, will also support the deployment of its open banking solutions.
Open banking-enabled new digital banking solutions.
Sopra Banking Software’s roadmaps include Tink-enabled innovative use cases, such as multi-banking, customer onboarding, KYC, digital lending, enhanced credit scoring, integrated payments, North-South transfers and personal finance management.
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. Combining Sopra Banking’s unique sets of retail banking solutions with Tink’s open banking technologies will allow our clients to develop unique data-enabled customer experiences.”
Daniel Kjellén, co-founder and CEO of Tink, added: “As Europe’s leading open banking platform, we are proud to enter this strategic channel partnership with a global leader in digital banking like Sopra Banking Software. We look forward to working with Sopra Banking Software and supporting their 1,500 clients in 80 countries with our open banking technology.”