Klarna launches new Klarna Kosma division for its open banking platform

Klarna now wants to compete directly with Tink with a new business unit that has its own brand — Klarna Kosma. Like Tink, Klarna offers an open banking application programming interface (API) with Klarna Kosma.

Klarna Kosma is an API that other companies can integrate in their apps and services. These companies can leverage Klarna’s API to access account statements, initiate payments, fetch banking information and refresh this data regularly.

Read more: TechCrunch