Nutmeg embraces open banking with Yolt integration

By Daniel Lanyon on Thursday 23 April 2020

Savings and Investment

The digital wealth manager’s foray into open banking will allow customers to see their pots in the Yolt, Emma and Money Dashboard apps.

Nutmeg embraces open banking with Yolt integration
Image source: Photo by Helena Lopes from Pexels

Nutmeg has launched new API integrations with fintech apps Yolt, Emma and Money Dashboard. 

The connections will give Nutmeg’s 80,000 customers the ability to see their investments alongside current accounts, savings products and credit cards from other providers.

More specifically, itt will allow customers to see their Nutmeg ISA, Lifetime ISA, pension, general investment account and Junior ISA balances in the apps alongside other financial products they hold.  

Matt Gatrell, chief operations officer, Nutmeg, said: “Providing our customers with a single view of their wealth – be it their current account transactions, emergency savings pots, or their long-term investments – helps people to better understand their own financial position." 

The Open Banking initiative, which launched in 2018, aims to give consumers much greater control and visibility of their financial information and allows the regulated financial institutions that they use to share information securely. 

Pauline van Brakel, Chief Product Officer at Yolt comments: “Yolt has long been a champion of API technology and a working proof-point for how the UK’s Open Banking initiative is helping put consumers back in control of their finances. Today’s announcement reflects our community’s appetite for these connections and is testament to our work to ensure our users can access and manage their finances in the quickest and easiest way possible. Beyond this, we continue to look for opportunities to develop partnerships with other fintech’s that share our aim of creating a truly ‘open’ financial experience for customers.” 

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