Yolt becomes first money app to complete the integration of all new users via an Open Banking API

Yolt, the smart thinking money app owned by ING, has become the first app to successfully complete the Open Banking integration with one of the CMA9 providers – the RBS Group.

The announcement follows on from the news less than a month ago that Yolt was onboarding up to 100 users per day from RBS, Natwest and Ulster Bank to benefit from the new regulations.

The RBS Open Banking API has now been opened up to all new Yolt users that have a current account with RBS, Natwest and Ulster Bank, enabling them to have more control over their banking data. Following 4,000 successful RBS connections during testing, all new users will now benefit from this connection, enabling them to easily compare different financial products and track their spending across their accounts in one, smart app. Following this success, the next phase will be to begin the migration of existing users which is planned over the next couple of months.

Leon Muis, COO, Yolt, says: “We have been working very closely with both the RBS Group and Open Banking Entity to enable customers to benefit from the innovative money management features that Yolt provides. This latest achievement is testament to all of the hard work that has gone into making this fully functioning Open Banking API connection possible and we will continue to work hard with our partners to allow our users to remain at the forefront of the Open Banking experience.”

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Editor in Chief: Wanda Rich

Editor in Chief: Wanda Rich

Wanda has over 20 years of experience in the Financial industry. She is an avid reader and a strong supporter of CSR and community outreach activities with a unique perspective of how financial institutions work.
She brings up to minute coverage on Banking, Foreign Exchange, Brokerage, Funds, Islamic Finance, Wealth Management, Corporate Governance, Project Finance, Merger and Acquisitions, Tax and Accounting, Inward Investment, CSR Activities; all under one Global Umbrella.

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