Tink, American Express partner for Open Banking services
Tuesday 11 May 2021 10:42 CET | News
Tink and American Express have entered an European Open Banking partnership to improve the onboarding process for new card members, according to the official press release.
Integrating Open Banking technology into the American Express application and risk analysis process will allow prospective card members to connect to their bank accounts and instantly verify their identity, income, and account information with American Express. This eliminates the need for customers to manually enter their details or send additional documentation to American Express, saving time and improving the customer experience.
The partnership will see Tink’s Open Banking services used by American Express in France, Germany, Spain, Sweden, the Netherlands, Norway, Finland, and Belgium.