Payward Expands Banking Reach by Acquiring Finland’s Saldo
By PYMNTS
AI summary of the source article
Kraken parent company Payward announced the acquisition of Finland-based Saldo Bank. Payward stated the deal marks the next phase in developing Payward Banking, which serves as the money layer for its financial infrastructure platform.
Why it matters
Payward stated the deal "marks the next step in the development of Payward Banking, which it calls the 'money layer' of the company’s financial infrastructure platform."
Key facts
- Payward is acquiring Finland-based Saldo Bank.
- The deal was announced on Wednesday, Oct. 14.
- Payward Banking is described as the “money layer” of the company's financial infrastructure platform.
Source excerpt · PYMNTS
Kraken parent company Payward is expanding its banking efforts by acquiring Finland-based Saldo Bank. Payward says the deal, announced Wednesday (Oct. 14), marks the next step in the development of Payward Banking, which it calls the “money layer” of the company’s financial infrastructure platform. “Payward Banking is not a new ambition — it is a […] The post Payward Expands Banking Reach by Acqui…