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REGISTER NOW Visa committed to spending more than $3 billion in just a few weeks to acquire account aggregator Tink and fintech Currencycloud, signaling its intention to be a key player in the global growth of trends like open banking and faster cross-border payments. Tink s specialty in open banking a data-sharing practice that s required by law in the European Union gives Visa a role in facilitating fintech partnerships in other regions, including the U.S. This is complemented by Currencycloud s expertise in cross-border payments for challenger banks, another emerging category. It s early days but there will be an increase in adoption of open banking, said Alfred Kelly, chairman and CEO of Visa, during Tuesday s earnings call. We re making progress there.

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