Tink acquires OpenWrks’ aggregation platform
Tink, a Stockholm, Sweden-based open banking platform, announced today in its blog post that it has acquired the aggregation platform of OpenWrks.
OpenWrks is a pioneer of open banking in the UK. It was the first third party to be authorised and listed in the UK’s Open Banking directory, and now handles more than a third of the UK’s active user base for account aggregation. So it’s no surprise that we’ve been big admirers of their business.
The acquisition makes OpenWrks’ aggregation platform part of Tink, significantly increasing our connectivity to banks and financial institutions across the UK. But in addition to the boost in coverage for personal account data, the partnership also opens up access to UK business account data. Available later this year, aggregating UK business account data will enable Tink’s customers to make better informed, data-driven decisions, based on access to real-time, verified and accurate business information.