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Tink Gets Investment From PayPal To Expand

PYMNTS

million in a round that included Insight Venture Partners and the venture capital arms of banks Nordea and ABN Amro Group NV. It has a platform that collects data from thousands of European banks, enabling FinTechs to use the data to build products and services. Tink isn’t the only one eyeing the European market.

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Israel Approves New Digital Bank

PYMNTS

The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades. The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV.