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.”