What is Tink? Tink Review, Features

Tink is a European open banking service platform wholly owned by Visa, providing services such as account checking, payment, transaction data, etc.

About Tink

Tink is a European open banking platform founded in 2012 and became part of global credit card organization Visa in 2022. Tink was created to make banking better, building the most powerful open banking platform in Europe - with the broadest and deepest connectivity and powerful services.

Wholly owned by Visa, Tink is a trusted partner to large banks, fintech unicorns and startups. With over 600 employees serving 18 European markets from 13 offices, Tink’s API provides one point of access to financial data from across Europe – and the ability to deliver insights and actionable recommendations – whether through its full-service enterprise offering or our self-service platform for developers.

Tink's functional services

1. Account Check

Confirm account ownership using real-time data directly from the user’s bank account, creating a fast and simple payment setup process.

2. Business Account Check

Instantly verify business account ownership using data straight from your bank for fast and easy merchant onboarding, payments, or direct debit setup.

3. Payment

Increase engagement and conversions by providing your customers with a fully embedded payment experience—at a fraction of the cost.

4. Trading

Access the latest transaction data from thousands of banks across Europe – normalised so you get real value.

5. Commercial transaction data

Get real-time transaction data from your business accounts – directly from the bank and in a standardised format.

6. Money Manager

Build smart, intuitive personal financial management apps that give your customers the tools and personalized insights to better manage their money.

7. Income verification

Optimize credit decisions and understand your customers’ true financial capabilities by instantly verifying income using real-time data.

8. Fee Check

Identify spending patterns and recurring expenses each month.

9. Risk Insight

Start assessing creditworthiness using real-time, up-to-date and verified data that provides unique insights into consumer behavior.

https://tink.com/

(Compiled by Tang Yiling)