Yapily starts Open Banking operations in France

Open Banking infrastructure provider Yapily has directly expanded into France, opening an office and appointing a French team.

Yapily said its goal is to generate more business among French banks and the country’s flourishing FinTech sector with its platform.

With 100 per cent PSD2 connectivity, London-headquartered Yapily already covers more than 85 per cent of French bank accounts, enabling banks, FinTechs and other financial institutions to embed Open Banking within their products and services using Yapily.

Vivid, the Berlin-based financial platform for investing, banking and saving, uses Yapily to connect to bank accounts in France, for instance.

Julien Lamour, Yapily’s new country manager in France, said: “Increasingly, the public expect banks and other financial service providers to deliver the same levels of speed, convenience and personalisation found in mainstream mobile apps.

“Yapily’s expertise in Open Banking provides the foundation for banks and FinTechs to fulfil these expectations.”

Lamour added: “With our international reach we want to help French businesses continue to innovate and expand into other European countries beyond their home market.”

Working alongside Lamour to drive Yapily’s business in France will be Mohsen Dajani, head of sales, who brings experience and expertise in the French FinTech sector as the former country manager of Pagantis.

The launch of French operations follows Yapily’s recent completion of its Series-B fundraising round, which saw it secure $51 million to extend its Open Banking offering across Europe.

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