SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Fintech

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sr K6/24/2021 11:38:27 AM
   of 202
 
V hit ATH.

Visa Buys Swedish Fintech Tink for More Than $2 Billion

Tink would give Visa a foothold in open banking, which connects consumers to multiple financial institutions

wsj.com


Tink was founded by CEO Daniel Kjellén, wearing blue shirt, and CTO Fredrik Hedberg.PHOTO: CLAUDIO BRESCIANI/ZUMA PRESS

By
Simon Clark

June 24, 2021 5:58 am ET

Visa Inc. agreed to pay more than $2 billion for Tink, a Swedish startup whose digital services connect more than 3,400 banks and financial institutions in Europe.

The largest U.S. card network is buying the financial-technology company to establish itself in Europe’s fast-growing open banking market. Open banking regulation in the European Union and U.K. enables financial companies to access customers and their data at competing institutions, if the customers have granted consent.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext