bunq Partners with Mastercard to Leverage AI in Open Banking

bunq, Europe’s second-largest neobank, has teamed up with Mastercard to offer its 12.5 million users a complete financial overview. By using Mastercard’s Open Banking platform, users can integrate accounts from any bank into the bunq app.

This partnership makes bunq the first bank in Europe to utilize AI in open banking. With AI assistant Finn, users can get enriched spending insights from multiple accounts, making budgeting and financial planning easier. Since the launch, nearly 40% of surveyed users reported increased app usage.

“Our users live without borders,” says Bianca Zwart, Chief of Staff at bunq. “This collaboration enhances their experience by combining Mastercard Open Banking with our AI platform.”

Bart Willaert, EVP of International Open Banking at Mastercard, adds, “This partnership showcases how open banking and AI can deliver an excellent user experience.”