Since we first set foot in the Netherlands, it’s blossomed into a leading hub for financial innovation. The open banking movement will only reinforce this trend. So we’re thrilled to go live with the Tink platform and let Dutch businesses build game-changing financial services using PSD2 APIs.
The Netherlands is an important market for Tink. Since we first arrived here in 2015, many of our biggest learnings as a company have centered on our partnership with ABN AMRO – which resulted in the country’s most popular PFM app, Grip.
We’re now taking the next step on this journey by making the Tink platform available in the Netherlands. This will allow businesses and fintechs of all sizes to build innovative financial services using open banking APIs.
It’s an exciting time – the country certainly seems ripe for the opportunities unleashed by open banking. The Dutch tech sector is booming, while the country’s banks are busy building digital services that appeal to millions of customers.
Indeed, 66 percent of the Dutch population already use mobile banking, among the highest proportion in the EU. And while they may be more hesitant about sharing their data than most of their European neighbours, Dutch consumers do tend to embrace game-changing innovation – at least once they realise the benefit of doing so.
This has been evident with Tikkie, the ABN AMRO-backed peer-to-peer payment app that has gained 5 million users in three years, which simplifies the way people buy goods online. Or Grip, which recently launched an open banking-powered feature to let its 700,000 users connect all their bank accounts in one complete overview.
Total data connectivity – through one API
Through Tink’s platform, any business can start building their own game-changing services.
The platform – which can be tried out for free – now enables you to aggregate current account data from the vast majority of Dutch banks through a single API. This allows you to quickly test and launch new data-driven financial services according to the highest security standards.
We are looking forward to seeing how the Tink platform will help bolster the open banking ecosystem in the Netherlands. And we welcome Dutch innovators to start building the next generation financial services that can delight millions of users.