Sopra Banking Software signs strategic partnership with Tink.
The two companies enter channel partnership for open banking technology
Zurich, Paris, Stockholm, 1st july 2020 - Sopra Banking Software (SBS), a global leader in digital banking and financing software, announces a strategic channel partnership with Tink, Europe’s leading open banking platform.
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, personalized 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.”
About Sopra Banking Software
With 5,000 experts, a pro forma turnover 2019 of € 438,9 million and one of the deepest, broadest portfolios of software and services, Sopra Banking Software is a trusted, long-term partner of over 1,500 banks and financial entities in more than 80 countries. Sopra Banking Software has an unequalled ability to address the requirements for banks and financial institutions of any size and scope, allowing them to innovate and expand their services. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in consulting, digital services and software development, with more than 46 000 employees. In 2019, Sopra Steria generated a revenue of € 4,43 billion. For more information, follow us on twitter @SopraBanking or visit www.soprabanking.com
Tink is Europe’s leading open banking platform that enables banks, fintechs and startups to develop data-driven financial services. Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools. Tink connects to more than 2,500 banks that reach over 250 million bank customers across Europe. Founded in 2012 in Stockholm, Tink’s 270 employees serve 14 European markets out of 13 offices. For more information visit www.tink.com