By Aisling Finn on Tuesday 17 November 2020
The two companies have already enabled open banking for Revolut’s customers in Ireland, France and Italy.
The fintech is bringing open banking to its German users with the help of financial API provider TrueLayer, which has already helped Revolut launch in several other European countries including Ireland, France and Italy.
Joshua Fernandes, product owner for open banking at Revolut, said: "With the introduction of the Open Banking function, our offering in Germany will be even more competitive, user-friendly, fast and accessible.”
Revolut's German customer base will also be able to transfer funds between accounts, budget across several different accounts and send money to friends and family from their linked accounts all from the Revolut app.
“As the leading open banking platform in Europe, our collaboration with Revolut is continuing at pace and this is just the beginning of what will be a fruitful partnership bringing further innovation to the German market."
As well as helping Revolut to bring open banking to new European markets, TrueLayer has also helped its fellow fintech to enable its open banking capabilities for all retail and business customers here in the UK too.