Yolt expands Open Banking tech to UK

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Yolt expands Open Banking tech to UK

By Alexandra Leonards

2/8/2021

Yolt Technology Services (YTS) has announced that it is expanding its Open Banking technology to accounting software providers in the UK.

Now accountancy firms can use YTS PSD2-compliant APIs to pull customer data in real time, including collecting bank details and invoices, quarterly VAT declarations, annual reports, and income tax declaration.

YTS said the technology guarantees a complete transaction record and the secure transfer of transaction data while removing the need to repeatedly download and re-upload files.

YTS is available throughout Europe and makes on average 25 million API calls each week, passing the 1 billion API call milestone in October 2020.

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