PensionBee has struck a first-of-its-kind partnership with ING-backed money app Yolt.
Yolt is a money app with a focus on Open Banking, giving its users a consolidated view of all their accounts and cards in one place. The money app is owned by Dutch banking giant ING, and boasts more than 300,000 registered users in the UK.
It is claimed that Yolt is the first personal finance app to show live pension balances alongside other financial accounts. Yolt is currently on something of an integration drive, with plans to plug into partners in three key sectors – utilities and bills, financial products, and leisure and experience.
PensionBee is no stranger to partnerships itself. The fintech is currently offering a full integration for users through its Open Banking API and is busily integrating its product with a number of other banks and money apps. It has been among Starling Bank’s roster of partners since February of this year.
Frank Jan Risseeuw, CEO of Yolt, said in a statement: “Our vision is to simplify your finances by building Yolt to be the only money app you need on your phone, so this integration with PensionBee is the natural next step for us on this journey. We want to give our users a holistic look at their finances and enabling them to see the value of their pension pot – anywhere and at any time – is a key part of this.”
Now in its sixth year, the AltFi London Summit returns on 18th March 2019 to 155 Bishopsgate. Last year proved to be a crucial turning point for the key players building the future of finance. Leading platforms launched oversubscribed IPOs, digital banks proliferated and mainstream financial institutions started their own disruptive propositions. With 2019 certain to be another landmark year, more questions will be asked by regulators with investor interest in disruption also poised for more rapid growth.