Visa has launched open banking in the US, using technology from recently acquired Swedish vendor Tink, according to Finextra. Visa completed the €1.8 billion acquisition of Tink in March 2022 and has now made it available for users to connect accounts and provide trusted parties with access to their financial data.
In Europe, the Visa/Tink duopoly has already won deals with Adyen and Revolut. For the US launch, Visa has signed data access agreements with banks and fintechs on the merchant side, including Capital One, Fiserv, Jack Henry, Dwolla and Max rewards.
Available via a single console, user can currently access financial data to confirm bank account data, run real-time balance checks and fetch transaction data from thousands of banks across the US.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
