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BNL launches the multi-banking service thanks to a partnership with Tink

Tink is one of Europe’s leading open banking platforms that enables banks, fintech companies and startups to use data to develop smart, personalized financial services. Through a single Api (application programming interface), the startup allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal financial management tools.



BNL, a bank that is part of the BNP Paribas international banking group, has launched a multi-banking service for customers on its mobile banking app. The new feature is part of a broader partnership with Swedish fintech company Tink, in which Poste Italiane has an interest. 

The multi-banking service gives the bank’s customers a 360-degree view of their finances through a single interface, allowing them to aggregate current accounts registered with other banks in Italy into the BNL app. Through this first step, the bank is integrating Tink’s account aggregation technology into its app, which will be followed by money management technology.

Marco Tarantola, deputy general manager of BNL and head of the commercial banking division, commented: “We are one of the first banks in Italy to offer multi-banking to its customers, helping them to better manage their money through an overview of their finances held with different banks, available through a single interface. This is the first step in our collaboration with Tink, which will allow us to continue to develop our open banking strategy, bringing innovation to the banking world and adding real value for our customers.”

Marie Johansson, Tink’s Country Manager in Italy, added: “With over 100 years in banking, BNL is one of the most respected and well-known banks in Italy. This first important step in our partnership brings innovative new services to BNL’s 2.5 million customers. We look forward to continuing to work with the bank, as part of our strategic partnership with BNP Paribas, to help it create even more services based on open banking technology.”

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Tink was founded in June 2012 in Stockholm by Daniel Kjellén and Fredrik Hedberg

It is one of Europe’s leading open banking platforms that enables banks, fintech companies, and startups to use data to develop smart, personalized financial services. Through a single Api (application programming interface), the startup allows customers to access aggregated financial data, initiate payments, enrich transactions, and build personal financial management tools. Tink connects to more than 3,400 banks and fintech companies, including PayPal, NatWest, Abn Amro, Bnp Paribas, Fortis, and Nordea, collectively reaching more than 250 million banking customers across Europe. The open banking platform is also used by more than 4,000 developers. Tink has more than 365 employees and serves 14 European markets with 13 offices. The company has an annual recurring revenue (ARR) of $36 million (€30 million), processes nearly 1 million payment transactions per month in 5 markets. In 2021, it aims to have its payment disposition services active in 10 different markets.

In December 2020, Tink extended its investment round for another $102 million (€85 million), after having raised in a first phase $108 million (€90 million) in January 2020 and thus reaching $211 million (€175 million) raised in the year. The investment round was co-led by a new investor, Eurazeo Growth, and by Dawn Capital, a venture capital firm specializing in B2B software based in London, which had already led the first phase of the round in January together with the American HMI Capital and Insight Partners.

Poste Italiane had also participated for the first time in that round, joining the other investors already present in the capital and who had also participated in the first phase of the round: Heartcore Capital, ABN AMRO Ventures and Opera Tech Ventures (venture capital fund of Bnp Paribas). PayPal Ventures, HMI Capital, Heartcore, ABN AMRO Ventures, Poste Italiane and Opera Tech Ventures participated again in this second phase. Previously, Tink had raised: $4 million in September 2014; $10 million in May 2016; $16.9 million (€14 million) in October 2017; $67.7 million (€56 million) in February 2019; and $12 million (€10 million) in June 2019.

The Swedish fintech in 2020 acquired: Instantor, a Swedish provider of credit risk assessment solutions based on open banking technology; Spanish account aggregation provider Eurobits, significantly growing Tink’s banking connectivity in Europe; UK open banking precursor aggregation platform OpenWrks, which will bring UK business account data to Tink customers 


(Featured image by stevepb via Pixabay)

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Angelique Moss is a London-based entrepreneur, writer, and traveller. The world of business, finance, and technology, is her preferred cup of tea. She also writes about the developments and discussions on health, art, luxury and media. A top writer for several Medium publications, she has published hundreds of widely read articles on investing, stocks, global markets, cannabis, and technology for multiple platforms. She is also interested in culture, history, and social affairs.