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Finance & Economics

Revolut brings Open Banking to Ireland

Jun 18, 2020

The new solution has been launched in collaboration with TrueLayer

Revolut Open Banking Ireland

Revolut brings Open Banking to Ireland. Source: unsplash.com

Revolut introduces Open Banking to retail and business clients in Ireland through a partnership with financial API provider TrueLayer.

The new feature allows Revolut customers to connect their Bank of Ireland, Allied Irish Bank, Permanent TSB, Ulster Bank accounts to Revolut. It enables them to track their incomes and spendings within one app.

With the rollout of our Open Banking feature, our customers in Ireland can now view and manage multiple external bank accounts, enabling them to interpret their day to day spending across all of their accounts, with the added benefit of making our offering even more relevant, user-friendly, faster and more cost-efficient for our customers. We’re delighted to see that new legislation such as Open Banking is changing our financial landscape for the better, and I’m proud that Revolut and TrueLayer are at the forefront of this experience
Joshua Fernandes, Product Owner for Open Banking at Revolut

We’ve reported that Revolut has officially?launched?as a licensed bank in Lithuania. This way, 300,000 customers can have their deposits protected by the Lithuanian State Company Deposit and Investment Insurance.

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