Tink aggregates financial data across banks to give users a holistic overview of their finances. The data is enriched in Tink’s machine learning categorisation model, and presented in bite-sized actionable insights tailored to the individual in Tink’s Personal Finance Management app. Tink’s Payment Initiation technology allows users to transfer money between accounts and make payments. Tink also aims to enables users to get better deals by giving them the ability to compare and switch provider, all within the app.
The same technology is offered as a SaaS to retail banks across Europe, enabling banks to give data-driven insights and advices to their customers.