Poste Italiane, SEB, PayPal, ABN Amro, BNP Paribas, Nordnet and Nordea are set to exit the open banking platform developer in a $2.1bn purchase by Visa.
Payment services firm Visa agreed today to acquire Sweden-based open banking software provider Tink for €1.8bn ($2.1bn), facilitating an exit for corporates Poste Italiane, SEB, PayPal, Nordnet, ABN Amro, BNP Paribas and Nordea.
Tink has built an open banking platform that enables financial services companies to share customer data and build new features such as personal finance management tools. It has integrated its application programming interface with more than 3,400 banks and financial services organisations.
Al Kelly, Visa’s chairman and…
