📢The second-largest European neobank “Bunq”🇳🇱 has integrated Mastercard's Open Banking platform

📢The second-largest European neobank “Bunq”🇳🇱 has integrated Mastercard's Open Banking platform

This solution allows users to add accounts from any bank to the "bunq" mobile app.

🔣 Key feature: Transactions from other banks will be notified by Finn — bunq's AI financial assistant. It will also assist in creating reports and categorizing expenses (e.g., how much was spent on plane tickets, healthy living, and vitamins).

🔣 The CEOs of the Dutch fintech highlight the increased user engagement thanks to Open Banking: nearly 40% of surveyed neobank customers reported using the app more frequently within two weeks of the launch.

🔣 Important note: Unlike most neobanks, the Dutch fintech “Bunq” originally focused on an older (and wealthier) target audience. Therefore, the premium levels are not cheap. “Bunq” customers in Europe include 12.5 million of these wealthy adults, many of whom have accounts in different banks.

🔣 The new features are available in the Netherlands🇳🇱, France🇫🇷, and Germany🇩🇪, and will later be expanded throughout the EU.

#news #Europe

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