Minna Technologies pilots subscription management for RBI’s Tatra banka

Written by Ruby Hinchliffe
14th April 2020

Minna Technologies, a Swedish fintech which delivers subscription management services to banks such as Danske and Sparebank1, has launched a pilot with Slovakia’s Tatra banka.

Minna’s CEO Joakim Sjöblom

The pilot, part of Raiffeisen Bank International’s (RBI) ‘Elevator Lab Programme’, will see Tatra banka customers get accesses to subscription management functionalities, such as switching or cancelling subscriptions within their banking app.

Tatra banka is a member of RBI and says it was watching Minna “for a while” before the pilot.

“This takes us one step closer towards the chance of enabling all RBI’s retail customers to manage their subscriptions,” says one of Minna’s business developers Christopher Svensson.

RBI has 16.7 million customers which span 13 markets across Central and Eastern Europe (CEE).

In the next few weeks, the results of the pilot will be released, after which the two will “discuss further long-term partnership opportunities”.

Minna, which claims it have saved more than €30 million on behalf of its users, joined RBI’s Elevator Lab Programme last November. Since then, the Swedish fintech has proven such programmes can lead to big opportunities.

Last December, it sealed a partnership deal with OP Financial Group, Finland’s largest financial group, following its participation in OP’s ‘Open Banking Startup Partnership Programme’ in 2018.

Minna is authorised by the Swedish Financial Supervisory Authority (FSA), operating as a Payment Initiation Service Provider (PISP) and Account Information Service Provider (AISP).