Open banking platform Tink completes the acquisition of Eurobits, following regulatory approval by the Spanish national central bank Banco de España. Eurobits is thereby becoming part of Tink.

Following the completion of the acquisition Tink will increase its bank and financial institution connectivity, predominantly in Europe and in Latin America. As a result, Tink’s new and existing customers will benefit from broader account coverage and wider access to financial data.

Citing a surge in client demand, QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, has enhanced its entity-based Financial Crime Investigation Report, or FCIR, to assist financial institutions in efficiently conducting periodic entity risk reviews.