Tink: Launches Balance Check for smoother direct debts
- Tink is Europe’s leading open banking platform that enables banks, fintechs, and startups to develop data-driven financial services
- Announced the launch of Balance Check, a key feature enabling customers to verify account balances
- The new feature will simplify the setting up of direct debit mandates, supporting both businesses and consumers
- Using real-time account data, Balance Check gives businesses the ability to verify how much a user has in their bank account
- Balance Check can be used as a way to fight fraud, minimize failed payments, and protect customers
- Balance Check can help businesses protect revenue, reduce risk and increase efficiency
