London, June 28, 2025 — In a landmark move poised to reshape the open banking landscape across Europe, fintech giants Plaid and Tink have announced a strategic partnership aimed at accelerating innovation, enhancing connectivity, and driving broader access to financial data across the continent.

The collaboration combines Plaid’s global API infrastructure with Tink’s deep European market penetration and strong relationships with financial institutions. Together, the two firms aim to streamline integration for banks, fintechs, and developers looking to build data-driven financial services on a secure and compliant foundation.

Empowering Consumers and Fintech Builders

Open banking in Europe, driven by the revised Payment Services Directive (PSD2), has laid the groundwork for greater financial transparency and consumer empowerment. By joining forces, Plaid and Tink intend to remove friction in data access and deliver seamless connectivity across all major European markets.

“This partnership marks a major step forward for open banking in Europe,” said Zach Perret, CEO and co-founder of Plaid. “By aligning our strengths with Tink’s established European footprint, we’re enabling fintech innovation at scale — giving more consumers access to modern, personalized financial tools.”

Combined Strengths, Complementary Vision

Founded in the U.S., Plaid has rapidly expanded its open banking APIs to support developers in over 10 countries. Sweden-based Tink, acquired by Visa in 2022, has long been a leader in Europe, offering account aggregation, payment initiation, and risk insights to a growing roster of banks and fintechs.

Daniel Kjellén, co-founder and CEO of Tink, commented: “This collaboration with Plaid reflects our shared commitment to a more open and inclusive financial system. Together, we’ll help clients navigate complex European regulations while delivering user-centric digital experiences.”

Looking Ahead

While the financial details of the partnership have not been disclosed, both companies have confirmed joint initiatives will roll out in phases starting later this year. These will include expanded API coverage, faster onboarding for fintechs, and cross-market regulatory support.

Industry analysts say the move could challenge incumbents and accelerate adoption of open banking services across fragmented European markets. With nearly 500 million potential users, the opportunity is vast.

As open banking matures, partnerships like this are expected to be critical in realizing its full promise — empowering consumers with greater financial control while enabling a new generation of digital-first financial services.