Yolt Technology Services expands its open banking API across Italy, France and Spain

By Aisling Finn on Tuesday 26 May 2020

Digital Banking

Customers in France can now connect Yolt to 12 new accounts, with ten new accounts in Italy and nine in Spain.

Yolt Technology Services expands its open banking API across Italy, France and Spain
Image source: Leon Muis/Yolt.

Yolt Technology Services has reached over 80 per cent coverage of bank accounts in Italy, France and Spain following the addition of new APIs to its service.

Customers of the open banking infrastructure can now use Yolt's APIs to connect to a number of bank accounts across the countries including, Revolut, N26, and ING.

Leon Muis, Chief Business Officer at Yolt Technology Services, said: “Businesses are beginning to see the benefits that open banking can bring to their operations, and many are seizing the new opportunities it provides, going beyond existing borders.”

“Our ongoing expansion across Europe will help more businesses in different markets and sectors to invest in the future of their business and harness the benefits of open banking.” 

“Now more than ever, it’s vital that businesses use efficient technology and create a platform for future growth, and we’re working hard to empower companies to do that,” he added.

According to Yolt, the fintech handles over 18m API calls per week and has handled over 650m API calls in total.

Just over a month ago, Yolt announced its API connection with American express and also digital wealth manager, Nutmeg over here in the UK.

The open banking firm has also reached 95 per cent API coverage in the UK and 90 per cent in the Netherlands.

UPDATE 26-05-2020 - Article amended to reflect that this announcement is related to Yolt Technology Services, rather than Yolt's consumer-facing app.

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