Tuesday, February 7, 2023

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Tink: Launches Balance Check for smoother direct debts

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

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