Visa has agreed to acquire Tink, a European open banking platform, for 1.8 billion Euros ($2.15 billion), inclusive of cash and retention incentives. Tink caters to financial institutions, fintechs and merchants. Its single API allows customers to access aggregated financial data, use smart financial services such as risk insights and account verification and build personal finance management tools. Tink, which will retain its brand and current management team, is integrated with more than 3,400 banks and financial institutions, reaching millions of bank customers across Europe. Visa is acquiring Tink to combine both ... (full story)