Future of Payments
October 3, 2024
Blog post here –
https://tink.com/blog/news/american-express-partners-with-tink/
Tink and American Express launch open banking partnership
Tink and American Express are partnering to improve the onboarding process for prospective card members in Europe, by using open banking technology to instantly verify identity, income and account information.
American Express needs little introduction – as one of the world’s leading payment companies with more than 100 million cards in operation. So we’re proud to announce our European partnership with American Express, to improve the onboarding process for its users through our open banking platform.
Tink’s account verification, income verification and risk analysis technology will streamline onboarding for American Express customers in France, Germany, Spain, Sweden, the Netherlands, Norway, Finland and Belgium. The open banking tech will be integrated into the application and risk analysis process, allowing prospective card members to connect their bank accounts, and instantly verify their identity, income and account information. This eliminates the need for customers to manually enter their details or send additional documents to American Express, saving time and improving the customer experience.
Ultimately, the partnership will help make it easier and faster for future customers to apply digitally for American Express products. ‘Open banking technology not only speeds up the digital application process but also helps us make better decisions,’ said Fredrik Sauter, Head of growing markets at American Express. ‘When looking for an open banking partner, Tink was a clear choice for us, due to its position as the leading European open banking platform.’
As we work together on creating the future of financial services, this partnership sets the standard for how larger brands are using open banking technology, to convert analogue processes to digital and enhance the customer experience.
Are you curious about how open banking technology can benefit your business? Check out what you could build with Tink.
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.
We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.
Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.
Please click the button below which relates to the issue you’re having.
Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association
Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.
For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.
The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.
Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.
Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.
For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.
