European payment provider launches open banking platform

European payment provider Klarna has announced the launch of its own open banking platform. The platform will provide access to more than 4,300 European banks through a single API in accordance with the Second Payment Services Directive (PSD2). The new platform will also utilize proven and well-developed infrastructure that improves market coverage and connectivity. Once fully-operational, EU banks, FinTechs, startups and other licensed companies will be able to use the platform to provide personalized offers to 99% of consumers in 14 EU markets.