Huge possibilities lie in the realm of A2A payments.
Caroline Jenke, CEO of Tink Germany, an Open Banking platform owned by Visa, envisions a future where Open Banking serves as a significant regulatory milestone, driving integration and innovation within the payment and banking sector [1].
Jenke's vision is centered around creating a unified European digital ecosystem, where banking and payment services are interoperable and customer-centric. She believes that an EU-wide digital identity is essential to fully realize the potential of Open Banking across Europe, enabling seamless, secure, and efficient access to financial services at a continental scale [1].
In her role at Tink, Jenke leads the Germany business, and her focus is on regulatory progress combined with technological enablers to drive a pan-European banking transformation. While specific details about the digital identity implementation are not provided, it is clear that her focus is on fostering trust and innovation in the European banking sector [1].
Jenke's interest in the payment industry was sparked by her role at Sofortueberweisung, where she helped the company transition from a tech company to a licensed payment institution under the Second Payment Services Directive (PSD2). She has been active in the Fintech industry for over a decade, working for Sofort, Klarna, and FinTecSystems before joining Tink [2].
In her personal life, Jenke prefers her bank's app for personal finances and uses the Pliant app for business credit card payments. She also uses the Trade Republic app for stock trading [2]. Interestingly, she carries 100 Euros on her person, just in case card payment isn't possible [2].
Jenke's vision for the future of the payment industry is centered around increasing the acceptance and use of Account-to-Account (A2A) payments and developing sustainable solutions based on access to financial data. She sees great potential in A2A payments as an additional payment method, due to their accessibility and potential for various use cases and new business models [2].
Jenke also expresses the need for a Europe-wide eID in the digital age, emphasizing the importance of regulatory progress to drive a pan-European banking transformation [1]. Payment & Banking, where Jenke is also a part of the team, reports, researches, and analyzes key topics in payment, banking, fintech, and now also crypto and digital assets, delivering insights and shaping the finance and fintech industry [3].
[1] Payment & Banking (2021). Caroline Jenke, CEO of Tink Germany, on the future of Open Banking in Europe. Retrieved from https://www.paymentandbanking.com/news/caroline-jenke-ceo-of-tink-germany-on-the-future-of-open-banking-in-europe/
[2] Payment & Banking (2021). Caroline Jenke, CEO of Tink Germany, shares her insights on the payment industry. Retrieved from https://www.paymentandbanking.com/news/caroline-jenke-ceo-of-tink-germany-shares-her-insights-on-the-payment-industry/
[3] Payment & Banking (2021). Payment & Banking: your independent economic hub. Retrieved from https://www.paymentandbanking.com/about/
Jenke, in her role at Tink, is dedicated to fostering compliance with regulatory progress, particularly the Second Payment Services Directive (PSD2), to drive a transformation within the European banking sector. As she envisions a digital future, she emphasizes the importance of efficient, secure, and interoperable financial services, including Account-to-Account (A2A) payments and a Europe-wide digital identity, to facilitate investing and business operations.
