Yolt, the smart thinking money app, has announced an integration with digital bank, Revolut. Revolut customers will also be able to use the Yolt app to analyse all their transactions, including those made outside of the UK – as well as set budgets, monitor spending and manage their investments all within one central place.
Yolt has been involved with Open Banking since its inception in January 2018 and was the first Third Party Provider to connect with all of the UK’s nine largest banks - next to other integrations such as with popular challenger banks Monzo and Starling Bank.
Yolt is so invested in the future of Open Banking that it launched Yolt Technology Services (YTS) earlier this year, making Yolt’s tried and tested API available for other like-minded tech institutions and fintechs. So far YTS has completed 300 million API calls, making Yolt responsible for roughly 50% of all API traffic in the UK to date.
Leon Muis, Chief Business Officer of Yolt Technology Services said:
“Yolt has been at the forefront of the UK’s Open Banking initiative since the very start and we’re extremely proud to be a proof-point for the everyday benefits of the initiative through the Yolt app. This latest integration with Revolut and the ability to see not only your transactions in the UK but also foreign transactions in one central place is just one example of the many ways Open Banking APIs can be leveraged to provide new and innovative services for consumers.
“We strongly believe that APIs are the connection of the future, which is why we have launched Yolt Technology Services (YTS). Our YTS team powers the Yolt app as well as other companies’ products and services offering, including ING, and PayVision. We’re excited to bring the consumer-focused Open Banking solutions we developed for the Yolt app, to a range of new businesses.”