Those who will enjoy tomorrow are those who can invest for it today, because the only way to grow trees is to sow seeds. Finding the right banking platform can be all that we need to commence saving today to profit tomorrow. With the digital world that we live in now, there are several banking platforms that you can work with.
The challenge, however, that many people experience is in the area of security. Are you looking for a digital banking platform that you can trust? Have you checked through LuminaBlog for options that you can choose from? If yes, then you probably would have come across Tink. If no, then let’s examine what Tink is and the services that it offers.
Founded in 2012, Tink currently has about 3400 banks with over 250 million customers across Europe. It is an open banking platform that allows its users connect with themselves, banks, and several other financial institutions across Europe. This, perhaps, is why it is able to record over ten billion transactions every year. According to the founders of this open banking platform, the primary purpose of establishing this platform is to change how things are done in the banking industry.
While it has not been able to fully actualize its goals, there is no denying how far it has come since its establishment. It has its head office located in Stockholm, Sweden and local offices all across Europe in places like Amsterdam, Copenhagen, Helsinki, London, Madrid, and Milan among others.
Products and Services Offered by Tink
Tink offers different financial services to its user base and they include account aggregation, account check, payment initiation, data enrichment, and personal finance management. The account aggregation is said to give users access to different account data and financial information. The account check allows users to confirm account ownership against data provide by the user’s bank account.
Payment initiation makes payment possible from user accounts to the app and vice versa. Data enrichment is the process of transforming data into valuable financial information that informs decisions. Personal finance management is said to help users build applications that makes financial transactions better.
Account Setup: Tink being an open banking platform requires user to create an account before they can make use of the platform. According to Tink, this is to ensure the security of transactions and activities that are being carried out on the platform. To create an account, users are to visit Tink’s official website and have their account not only created but also verified.
Customer Care Support: Considering how the platform is designed, things many times get complicated for many users and as such, there are always several questions to be asked. It is most probably because of this that Tink pays attention to the customer care unit of the platform. When in doubt about any of the services that is being offered by the platform, you can reach out to the customer care for help or answers.
The challenge, however, is that the response time may be slow depending on when you are reaching out considering the number of people they have to attend to.