Money management FinTech firm Yolt has announced that it has connected with three banks since the Open Banking initiative launched two months ago.
Customers of RBS, NatWest and Ulster Bank will now be able to benefit from the services provided by Yolt. The FinTech firm will introduce customers in phases, connecting up to 100 users per bank per day.
During the coming months, Yolt will continue to add 100 users per day for each bank, before increasing the daily connections for each bank. Eventually, customers will only be able to connect their accounts to Yolt via Open Banking.
In a blogpost, a spokesperson for Yolt said: “We’ve been working hard behind the scenes, ironing out any bugs and ticks with lots of functional tests. Basically, that’s looking for any pain-points in the technology and perfecting them before they go live to the wider community.
“The Open Banking Implementation Entity has asked that all CMA9 banks make their Open Banking APIs available by the end of March. We will begin testing for each bank as we receive their APIs, so watch this space for news on Open Banking connections with Santander, Lloyds, HSBC, Nationwide, Danske Bank, Barclays, AIB, and the Bank of Ireland.”
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