Enel X Financial Services links up with Tink ahead of launch of digital banking services
Enel X Financial Services has linked up with Tink to provide digital financial services solutions
Published on Wednesday, 30 September 2020
The partnership with Tink is a strategic choice for Enel X as it prepares to launch a series of new services for its customers, first in Italy, then in the rest of Europe. Tink’s personal finance management technology and digital banking solutions will be key to Enel X’s ability to meet its customers’ demands for smart digital financial services.
“This agreement is an important step in our ongoing commitment to become a leading player in the digital banking market, powered by the new possibilities created by open banking,” said Giulio Carone, CEO of Enel X Financial Services. “Through the partnership with Tink we will be able to support our clients in the daily management of their finances, with an innovative and engaging solution that uses machine learning to provide tailored and personalised advice.”
A new offering to provide customers a technologically advanced ecosystem
Enel X Financial Services is among the business units that are spearheading the Enel Group’s push into innovative products and solutions in the way energy is used and where its potential for transformation is greatest. The new offering in digital banking will be integrated within the broader Enel ecosystem that embeds services such as energy and e-mobility.
Tink, which was founded in 2012, helps companies compete for customers by taking advantage of open banking regulations to aggregate accounts and use data to offer simpler, more efficient financial management services. The company has worked with major institutions including PayPal, Nordea and ABN Amro, according to its website.
“We are extremely proud to team up with the financial services subsidiary of one of the world’s largest utility companies and become their open banking technology partner,” said Daniel Kjellén, co-founder and CEO of Tink. “By teaming up with Enel X Financial Services, we will together and over time make Tink’s open banking technology available to millions of Enel customers around the world.”