FinTech Alliance company Revolut announces it has integrated the smart money app Yolt through an open banking API.
Yolt enables customers to analyse transactions made globally.
It also allows budgeting and investment management.
Yolt was developed in 2018 and is connected with the UK’s nine biggest banks.
What does this mean?
Earlier this year Yolt launched Yolt Technology Services (YTS) to make its API widely available for banks like Revolut. According to FinTech Times, Yolt is responsible for around 50% of all UK API traffic.