Tink, Europe’s leading open banking platform, has partnered with Sambla Group - a leading loan broker in the Nordics - to offer the lenders in its network access to more accurate affordability assessments.
Adopting Tink’s entire risk product suite, Sambla Group is adding Income Check, Risk Insights and Tink’s latest tool Expense Check, to enable more accurate lending assessments across more than 100 different Nordic lenders, to help loan applicants secure the best deals.
Powered by open banking, this product suite will allow Sambla Group to gain clearer, more holistic insight into affordability of the loan applicants using real-time data, providing them with the best loan comparisons available.
At a time when access to financial inclusion is critical, Tink’s risk product suite is helping Sambla Group customers access the financial services they are owed, while also streamlining the verification process; reducing the time it takes to apply for a loan, while optimising approval rates and user experience.
Tink’s technology enables Sambla Group to roll-out and expand its offering to markets across the Nordics at speed.
Adam Ryman, Chief Product Officer at Sambla Group commented: “The future of credit and smart financial decisions, as we envision it, starts with a deeper understanding of each individual's financial track record. With Tink's risk products we can get the level of insights we need without adding unnecessary friction for customers and partners, allowing for a completely digital experience. The way we can now shape our products will truly empower our customers and will give Sambla Group the opportunity to help them in the best possible way."
Christophe Joyau, Head of Banking & Lending at Tink, added: “As lending processes come increasingly under the spotlight, ensuring accurate real-time insights are critical in today’s assessment models. It’s great to see Sambla Group harnessing Tink’s open banking powered risk products and leading the charge for fairer, more accurate affordability models, to give customers access to the financial services they deserve.”