Moneyfarm partners Yapily for frictionless deposits

Enterprise connectivity platform Yapily has partnered with digital wealth manager Moneyfarm to provide its UK and Italian customers with a frictionless deposit process between their investment portfolios and bank accounts.

By integrating Yapily’s Open Banking Application Programming Interfaces (API), Moneyfarm customers will be able to securely deposit into or withdraw funds directly from their investment portfolios.

The new integration means Moneyfarm users can start investing from Italian and UK bank accounts into their investment accounts, to gain immediate access to the platform's wealth advice and management.

Moneyfarm chief executive Giovanni Dapra said: “The partnership provides us with a scalable solution for customers when making deposits, contributing hugely to our mission to empower investors globally to make confident choices, so they can create a more financially secure future for themselves.”

Yapily chief executive Stefano Vaccino added: “Through partnerships with innovative and customer-focused platforms such as Moneyfarm, we are removing the barriers to services such as wealth management to a wider demographic - this approach is paving the way to a world of greater financial control and wellbeing, enabled by open banking, for all."

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