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Finance & Economics

Europe’s leading open banking provider expands in the Netherlands

Feb 28, 2020

EU has made it mandatory for banks to open up bank account data to external parties due to PSD2 regulations that came into force in 2018

Yolt

Europe’s leading open banking provider expands in the Netherlands. Source: unsplash.com

Yolt Technology Services (YTS), the business-to-business arm of Yolt, unveiled it is now offering API coverage to over 90% of the Netherlands.

YTS has currently API connections with leading Dutch banks including ING, Rabobank, ABN Amro, SNS Bank, Regio Bank, ASN Bank, Bunq, and Revolut.

This goes to show that businesses are really starting to see the benefits that open banking can bring in an increasingly competitive landscape. With the Dutch bank API connections fully live for our Dutch clients, we are now ready to help more businesses in The Netherlands invest in the future of open banking
Leon Muis, Chief Business Officer at YTS

Besides, YTS makes on average 14 million API calls per week, offering 3 main services for financial institutions and tech businesses across Europe. More precisely, it provides an account information service, a payment initiation service, and data enrichment service. In addition to that, APIs allow third parties to access financial data efficiently, promoting the development of new apps and services.

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Tags: # ING Group

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