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Yolt announces major integrations at Money20/20 Europe

Frank Jan Risseeuw, CEO of Yolt, an ING-backed fintech with an app that helps people better manage their money, announced integrations with Raisin, Funding Options, ING, and Payvision, onstage at Money20/20 Europe. The former two companies will offer services to consumers on the platform while the latter two will provide functionality for Yolt’s business clients, using its Open Banking SME solution.

Gracing the stage at Money20/20 Risseeuw’s keynote tackled how Open Banking, stating that the banking utility will “empower customers like Spotify empowered music listeners”. Risseeuw also mentioned that if Open Banking is to be a success, it must be customer-centric.

Yolt’s app allows customers to connect all of their bank accounts to the platform so they can get an overview of all of their spendings with informative insights so they can more effectively plan, budget, and manage them.

Recently, the Amsterdam-based fintech also partnered with Goldman Sachs’ digital offshoot Marcus and challenger bank Monzo to allow users of the two digital banks to view their savings pots in Yolt. Monzo users could already view their current accounts in the app. Additionally, Yolt has also linked up with MoneySupermarket. Here, users can switch energy bills within Yolt’s app.

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