"The possibilities for A2A payments are vast and significant"
Caroline Jenke, a seasoned Fintech professional with over 15 years of experience, currently serves as the Managing Director of Tink Germany. Tink is an Open Banking platform owned by Visa, a testament to Jenke's influence in the sector.
Jenke's career in the Payment & Banking sector began at Sofortueberweisung in 2010, where she served as Legal Counsel. Since then, she has worked for companies like Pliant, Sofort, Klarna, and FinTecSystems.
In her current role at Tink, Jenke is focused on developing sustainable solutions based on access to financial data. She is a strong advocate for Account-to-Account (A2A) payments as an additional payment method and sees great potential in direct transfers, aiming to increase their acceptance and use.
Jenke envisions Open Banking as a transformative opportunity to create seamless, innovative financial services that empower users and increase competition and efficiency in Europe’s financial ecosystem. She advocates for a Europe-wide digital identity to underpin this vision by enabling safe, simple, and universally accepted access to digital services across borders, thereby fostering a unified digital market and enhancing trust in virtual interactions.
A pan-European digital identity, according to Jenke, is crucial to overcoming fragmentation in financial services and digital access throughout the EU. Such an identity would allow customers to authenticate themselves securely and quickly across multiple platforms, facilitating smoother onboarding processes, reducing fraud and barriers to entry, and supporting a truly integrated market for Open Banking services.
This vision supports broader regulatory and technological milestones in Open Banking, aiming to democratize access to financial products and services across Europe while ensuring privacy and consent controls are respected under EU frameworks. By advocating for a common digital identity, Jenke highlights the need to build shared infrastructure that bridges national differences and stimulates innovation and competition within the European Union’s digital economy.
The Second Payment Services Directive (PSD2) was a result of a debate about the regulation of Fintechs like Sofortueberweisung, where Jenke started her career. Tink, the company Jenke now leads, supports financial institutions, startups, and Fintechs with digital solutions for simpler payment processes.
In her personal life, Jenke carries 100 Euros on her for potential situations where card payment isn't possible. She spends her free time with her family, participating in activities such as football, inline skating, building Lego, experimenting, and reading.
Jenke uses the Pliant app for business credit card transactions, her bank's app for personal use, and the Trade Republic app for stock trading. She advocates for a Europe-wide eID as a digital and Europe-wide identification option in the digital age.
- Caroline Jenke, being an influential figure in the fintech sector, is pushing for the adoption of A2A payments and direct transfers in her role at Tink, a Visa-owned Open Banking platform, acknowledging their potential to revolutionize the business of finance.
- Jenke, an advocate for a unified European digital market, believes that a pan-European digital identity would eliminate barriers to entry, stimulate innovation, and democratize access to financial services, aligning with broader regulatory and technological milestones in Open Banking.
