Klarna Kosma, the unit of Klarna dedicated to open banking, has unveiled a new initiative.
In Brief:
The “autopilot” initiative will help startups develop Proofs-of-Concepts.
It will support businesses across the ecommerce, data analytics and FinTech spaces.
Through open banking, the businesses in the initiative can access Klarna Kosmo products and 15,000 banks for three months.
What does this mean?
Offering a zero-cost “sandbox” within which companies can develop proofs-of-concept through aggregated data from banks should help new ideas mature and develop.