#OpenBanking / Tink Aims to be the Rails and Brains of Open Banking

Sweden’s fintech scene… has proved to be one of Europe’s best fintech markets; Klarna and iZettle have both reached unicorn status and open banking fintech Tink could be next on that path; Tink’s platform allows banks across Europe to offer their customers a better mobile experience…

[CEO tells] that the company he co-founded in 2012 is aiming to be the “rails and brains” of open banking; rails is the process of connecting bank accounts from various banks into one platform so a consumer can see their full financial picture; brains is allowing customers to extract as much information out of the data as possible… “This opportunity is global. Eventually you will need to invest $1bn. I’d love to invest heavily in other parts of the world. There is an opportunity to raise more money to accelerate growth.”

https://news.lendit.com/2020/07/28/tink-aims-to-be-the-rails-and-brains-of-open-banking/