Irish postal services provider An Post has teamed up with European open banking platform Tink to deliver better money management services to its customers.
An Post, which also provides omni-channel financial services including current accounts, launched its new money management app last year with a range of features to help customers stay in control of their spending.
The An Post Money Manager app has been upgraded with Tink’s open banking technology, bringing access to data and analytics that will boost understanding of spending behaviour, as well as improve savings management and budget setting.
Tink says the introduction of its technology simplifies financial management and enables customers to stay on top of their expenses.
Through one API, Tink enables organisations such as An Post to access aggregated financial data, initiate payments, enrich transactions, verify account ownership and build personal finance management tools. Its platform connects to more than 3,400 banks that reach over 250 million users across Europe.
John Rice, financial services director at An Post, says the partnership with Tink “is the next step in our transformation journey, to firmly position ourselves as a challenger to the banks in Ireland, and to give customers access to simple money management tools that will enable them to build their financial confidence”.
Tasha Chouhan, UK and Ireland banking Lead at Tink, adds: “Our partnership with An Post is an important step for Tink in the Irish market. As the nation’s trusted provider of postal and financial services, An Post is in the perfect position to help simplify money management for its customers through the power of open banking technology.”