Visa had initially planned an acquisition of rival Plaid, but abandoned that course after antitrust pushback. Tink, which is based in Sweden, allows financial institutions and banks to more easily share consumer data.
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After Plaid Deal Falls Through, Visa Snatches Up Tink Instead
Visa and European bank Tink agreed to a $2.2 billion deal which would allow Visa to take over the open-banking platform. So reports Reuters.
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