Daniel Kjellén, Tink’s chief executive, tells #fintechFT that the company he co-founded in 2012 is aiming to be the “rails and brains” of open banking. “Rails” refers to the connectivity to allow account aggregation, potentially bringing together accounts from several different banks. Mr Kjellén says one bank told him when Tink first started that he would “go to jail for it”. Since 2016, however, it has been part of European law. “Brains” is Tink’s attempt to allow its customers to get as much information out of the data as possible, be it through financial planning, credit scoring or data visualisation.

https://www.ft.com/content/8e16c1c8-f218-4610-a6cd-72a210a68cbb?shareType=nongift