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Klarna Expands: Releases Open Banking Solution to Eight More European Markets
Payment processing and global retail banking platform
Klarna announced on Wednesday it has expanded its open banking solution to eight more European countries. The countries are Portugal, Denmark, Luxembourg, Ireland, Croatia, Estonia, Lithuania, and Latvia. According to Klarna, the solution processes more than 150 million transactions per year, offers third-party providers access to consumer bank account data though “Account information” (AIS) and “Payment initiation” (PIS) services in line with Payment Services Directives (PSD2).
Klarna further revealed that as part of the latest expansion, it has introduced “Account Insights,” which is a new solution that turns simple bank statements into insights through categorization and data enrichment, which may enable a variety of use cases including personalized budget plans. Speaking about the expansion,