Visa today announced that it has completed the acquisition of Tink, an open banking platform that enables financial institutions, fintechs and merchants to create products and financial services and to transfer money. Through a single API, Tink enables its customers to make money transfers, access aggregated financial data, and use smart financial services such as risk intelligence and account verification. Tink is integrated with more than 3,400 banks and financial institutions, and concerns several million banking customers in Europe.

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