Global law firm White & Case LLP has advised Tink, a leading open banking platform provider, on its acquisitions of Instantor and OpenWrks' aggregation platform.
Tink enables banks, fintechs and startups to develop data-driven financial services. Through one application programming interface (API), Tink allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools. Tink connects to more than 2,500 banks that reach over 250 million bank customers across Europe.
Instantor is leading European provider of credit decision solutions based on account aggregation technology, providing banks and fintechs with consumer bank data to help enhance credit decisions by verification of identity (KYC), income and expense.
OpenWrks is a leading UK provider of open banking applications. Its aggregation platform handles more than a third of the UK's active user base for account aggregation.
The two acquisitions fit Tink's strategy of continuing to invest in intelligent data services built on open banking technology.
The White & Case team in Stockholm which advised on the Instantor transactions was led by partners Henrik Wireklint and Martin Järvengren with support from associates Marcus Halling, Elin Brännström and Johanna Wagner. The White & Case team which advised on the OpenWrks transactions was led by partners Henrik Wireklint and Martin Järvengren (both Stockholm) and included partners Hyder Jumabhoy, Jonathan Rogers and Lindsey Canning (all London), with support from associates Marcus Halling, Elin Brännström and Johanna Wagner (all Stockholm).
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