Yolt expands Open Banking tech to UK

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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