Day: October 6, 2021

Mastercard acquisition of Aiia is an extra signal of open banking’s huge future

The acquisition of Danish fintech Aiia is the second signal within the house of some months that open banking is coming into a brand new section.

Mastercard’s takeover of Aiia – beforehand the Nordic API Gateway – for an undisclosed sum can also be additional affirmation that the Nordic area is blazing a path in a key phase of the monetary know-how (fintech) sector.

The settlement got here sizzling on the heels of Visa’s €1.8bn acquisition of Sweden’s open banking fintech Tink in June. Each fintechs are actually a part of big international monetary providers organisations with alternatives to combine open banking know-how into each nook of shopper and enterprise monetary exercise.

The acquisition will give Aiia, like Tink after the Visa takeover, the assets to take an idea, usually shrouded in thriller for shoppers and lots of companies, to new ranges.

Open banking providers had been made potential