Klarna Introduces New Enterprise Unit to Broaden Open Banking Platform

by Cryptospacey

One of the crucial worthwhile fintech startups, Klarna has just lately confirmed the launch of Klarna Kosma, a brand new enterprise unit and sub-brand of the corporate. The agency has launched Klarna Kosma to speed up the expansion of its open banking platform.

Klarna famous the rising reputation of open banking amongst customers throughout Europe and the US. The fintech platform additionally highlighted the significance of technology-driven options for handy and clean entry to open banking.

In line with Klarna, its fintech platform connects to greater than 15,000 banks. The corporate first entered the open banking ecosystem via the acquisition of SOFORT in 2014. Since then, Klarna witnessed a large leap in demand for its open banking providers.

“With Kosma we’re opening up the ability of our proprietary Open Banking platform and know-how to banks, retailers, and fintech corporations who share our dream of a world the place shoppers personal their knowledge and banks compete for patrons by delivering worth, not by locking in knowledge,” Yaron Shaer, CTO of Klarna talked about within the press launch.

In June final 12 months, Klarna raised $639 million in funding and acquired a valuation of greater than $45 billion.

Open Banking

Open banking platforms have gained important traction prior to now few years. Amid rising reputation, a number of distinguished names within the monetary providers business entered the area just lately. Earlier this month, Visa introduced the completion of the acquisition of Tink, a number one open banking platform.

“Over the previous 12 months, the demand for Open Banking providers from monetary establishments and fintech start-ups, has reached a tipping level,” says Wilko Klaassen, VP, Klarna Kosma. “Which is why we have now constructed a devoted enterprise unit which brings collectively engineering, product administration, gross sales and advertising all collectively in the identical workforce to concentrate on this $15bn, fast-growing market.”

One of the crucial worthwhile fintech startups, Klarna has just lately confirmed the launch of Klarna Kosma, a brand new enterprise unit and sub-brand of the corporate. The agency has launched Klarna Kosma to speed up the expansion of its open banking platform.

Klarna famous the rising reputation of open banking amongst customers throughout Europe and the US. The fintech platform additionally highlighted the significance of technology-driven options for handy and clean entry to open banking.

In line with Klarna, its fintech platform connects to greater than 15,000 banks. The corporate first entered the open banking ecosystem via the acquisition of SOFORT in 2014. Since then, Klarna witnessed a large leap in demand for its open banking providers.

“With Kosma we’re opening up the ability of our proprietary Open Banking platform and know-how to banks, retailers, and fintech corporations who share our dream of a world the place shoppers personal their knowledge and banks compete for patrons by delivering worth, not by locking in knowledge,” Yaron Shaer, CTO of Klarna talked about within the press launch.

In June final 12 months, Klarna raised $639 million in funding and acquired a valuation of greater than $45 billion.

Open Banking

Open banking platforms have gained important traction prior to now few years. Amid rising reputation, a number of distinguished names within the monetary providers business entered the area just lately. Earlier this month, Visa introduced the completion of the acquisition of Tink, a number one open banking platform.

“Over the previous 12 months, the demand for Open Banking providers from monetary establishments and fintech start-ups, has reached a tipping level,” says Wilko Klaassen, VP, Klarna Kosma. “Which is why we have now constructed a devoted enterprise unit which brings collectively engineering, product administration, gross sales and advertising all collectively in the identical workforce to concentrate on this $15bn, fast-growing market.”

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