YOLT TO BRING ON UP TO 300 OPEN BANKING USERS PER DAY FROM THE RBS GROUP

  • The innovative money app has connected with RBS Group via Open Banking API
  • These connections offer users an unrivalled Open Banking experience

Yolt, the smart thinking money app owned by ING, is currently enabling up to 100 users, from RBS, Natwest and Ulster bank, per day, to benefit from Open Banking, the new regulation that allows customers to own their banking data.

As part of the managed rollout of Open Banking, Yolt took part in a rigorous test period with RBS Group. Following the success of this trial, Yolt is now giving real customers with real accounts the opportunity to experience Open Banking for the first time. This will allow even more people to easily compare different financial products and track their spending across their accounts in one, smart app.

Yolt will continue to test further API connections as they become available and roll out Open Banking access to more users. The smart money app has been working closely with the RBS Group, along with the Open Banking Implementation Entity (OBIE), to enable customers to benefit from the innovative money management features that Yolt provides.

Leon Muis, COO, Yolt, says: “From the beginning, Yolt was built with the principles of Open Banking in mind. To start onboarding real users is incredibly exciting as we connect with more and more current account providers through the Open Banking APIs – and this number is only set to increase as the testing phase progresses.

“We’re really pleased about this collaboration with the RBS Group, as we’re thrilled to provide Yolt users with access to their current account details and transactions alongside their other accounts and cards. This perfectly illustrates the benefits of the Open Banking experience, which we feel so passionate about.”

The Yolt blog can be accessed here: https://www.yolt.com/blog

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