Today we’re announcing a strategic partnership with Tink, a European leader in Open Banking and a Visa solution provider. This new connector allows you to securely connect to your bank transaction data, allowing for the automation of bank reconciliation processes. Leveraging Tink’s extensive and robust network of banking connections, Formance gains real-time, unified access to professional bank account transaction data.

The Tink Connector is available to Formance customers connecting to banks in France, the United Kingdom, Germany, the Netherlands, Ireland, and Portugal, with a broader rollout across Europe planned at a later stage.

Integrating Tink’s Business Transactions solution into the Formance platform marks a significant milestone in our journey to build a truly consolidated financial infrastructure. As Fintechs scale, access to standardized and reliable banking data is no longer optional—it is foundational to operational excellence, particularly for reconciliation processes. Our partnership with Tink meaningfully strengthens our platform and delivers tangible value by simplifying and transforming the way our customers operate on a daily basis.

— Clément Salaün, CTO and Co-Founder at Formance.

Access to verified and processed business bank account data

With greater visibility into a company’s finances through the Formance platform, businesses can make better financial decisions. Formance now automates its accounting services with the support of Tink, by processing large volumes of standardized banking data from multiple professional accounts.

By integrating with Tink, Formance is transforming transaction reconciliation and strengthening the consolidated view each client has of their overall financial position. The resulting time and cost savings for businesses will have a meaningful impact on their day-to-day operations.

With Formance, businesses can trust their banking data, gain deeper insight into their payment balances, and quickly identify any reconciliation discrepancies. Automating these previously manual processes reduces risk by leveraging secure data coming from professional bank accounts. This is further reinforced by Visa’s security standards, which strengthen Tink’s extensive network of banking connections.

— Mathieu Péré, Commercial Director at Tink France

How does it work?

Customers consent to their banking data being securely collected.
Tink connects to banks and retrieves transaction data directly at the source, ensuring the data is up to date.
Tink cleans, enriches, and standardizes the banking data, which Formance then receives ready for use.
Formance automates bank reconciliation directly from its platform by processing this standardized banking data.

Availability

The Tink Connector is available immediately to Formance customers globally. For more information about the Tink Connector and how it integrates with Formance’s programmable finance platform, visit the Formance docs.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

New Connectivity with Tink

Connect with banks across the UK and Europe