Through the acquisition, Tink will enhance its open banking platform by increasing its bank connectivity in the UK. In addition to strengthened coverage of personal account data, Tink will expand its UK connectivity into business account data. The launch of UK business account data will be made available to all Tink customers later in 2020. The acquisition brings fintech and SME customers such as Xero, Liberis Finance, and Snoop, that following the deal will be powered by Tink’s open banking platform.
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