Klarna’s open banking unit, Klarna Kosmo, has unveiled an initiative to assist startups develop Proofs of Ideas within the e-commerce, knowledge analytics and fintech area.
Klarna says it hopes this may speed up open banking innovation by offering gamers within the area with a zero-cost product improvement ‘sandbox’ constructed on the world’s largest financial institution aggregation platform.
Wilko Klaassen, VP, open banking, Klarna, says: “Open Banking was launched to wrest management of shopper knowledge away from the massive banks and make it securely accessible to drive innovation.
“With that knowledge accessible by way of easy APIs, with shoppers’ permissions, a complete new vista of potential use circumstances has opened up. The initiative we’re launching in the present day goals so as to add rocket gas to the innovation course of.”