Breaking News
Yapily Supports Google To Provide Bank Account Verification Services for Business Customers in Europe
Yapily – Europe’s leading open banking infrastructure provider – today announces its strategic collaboration with Google to support the rollout of Google’s bank account verification service as an option for business customers in Europe.
Building on momentum
The announcement comes as open banking adoption continues to accelerate across Europe. In the UK alone, open banking payments now total 29.9 million per month, with nearly one in four adults and SMEs using the technology. The sector is valued at over £4 billion and growing over 70% year-on-year, having already created nearly 5,000 new jobs.
In Europe, open banking accounted for 17% of total e-commerce transaction value in 2024. While the number of users across the continent has soared to 63.8 million – a five-fold increase on 2020 – in a global market set to grow a further 427% by 2029.
Yapily has had a front-row seat to this growth. The company recently hit profitability, significantly increased its revenue in the last 9 months, and added a string of major partners to its platform, such as Adyen and Allica Bank, alongside long-standing partners like Intuit QuickBooks, Pleo, Zilch, and Ant Group. Yapily partners can connect to over 2,000 banks in 19 markets across the UK and Europe.
The platform supports a wide range of use cases, from instant account-to-account payments and Variable Recurring Payments (VRPs) to data insight and transaction categorisation, and real-time cash flow tools and personalised financial services for both retail and SMEs.
Yapily’s founder and CEO, Stefano Vaccino, said: “I’m extremely proud that Google is working with Yapily to help deliver Google’s bank account verification services for business customers in Europe. With open banking adoption predicted to grow significantly in the next few years, I’m excited to see what the future of this strategic collaboration holds.”
People In This Post
- TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity Read more
- A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech Read more
- Ethos Collaborates with Liberty Mutual to Deliver a Modern, Digital-First Life Insurance Experience Read more
- Simply Business Launches Insurance App for Small Businesses in ChatGPT in the U.S. Read more
- Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance Read more
Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance
Akbank AG has successfully completed Phase 1 of its core banking transformation, to the leading SaaS cloud banking platform Mambu
FCA Spearheads Global Action to Stop Illegal Finfluencers
The FCA has led international action to stop illegal finfluencers putting consumers' money at risk
Findity Launches its Embedded Expense Platform in the U.S.
Findity, the leading provider of embedded expense management, today announced its official entry into the U.S. market. This milestone marks a significant step in Findity’s global growth strategy, bringing its AI-powered, card-agnostic expense platform to U.S. businesses – enabling them to offer seamless expense management directly within their own products.
Lovey Integrates Funding Circle’s API to Increase Customer Efficiency
Lovey (formerly Love Finance), one of the UK’s fastest-growing SME lender and broker, has today announced its integration with Funding Circle, the UK’s leading SME finance platform, to create significantly faster application journeys for customers. Funding Circle’s API will be integrated directly into Lovey’s platform to create a more seamless experience and reduce friction through direct API connectivity.
DBS Enhances Spark GenAI Programme to Fast Track SME AI Adoption in Support of Singapore’s AI Ambitions
DBS, EnterpriseSG, and the IMDA, announced an enhanced version of its Spark GenAI programme[1] to help SMEs fast track their AI transformation journeys
Monument Technology Partners With Castle Trust Bank on Platform Deal
Monument Technology has announced a partnership with Castle Trust Bank deploy its BPaaS, marking its second major client and first UK-regulated bank client
Ohpen transforms Dudley Building Society Intermediary Experience
Ohpen’s mortgage origination and intermediary portal is now live with Dudley Building Society, marking a significant step forward in the Society’s digital transformation programme.
TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Ethos Collaborates with Liberty Mutual to Deliver a Modern, Digital-First Life Insurance Experience
Ethos and Liberty Mutual Insurance, announced they are working together to expand the reach of Liberty Mutual's direct-to-consumer life insurance offering
Simply Business Launches Insurance App for Small Businesses in ChatGPT in the U.S.
Simply Business, a digital insurance marketplace for small businesses, announced the launch of its business insurance app in ChatGPT in the U.S
Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance
Akbank AG has successfully completed Phase 1 of its core banking transformation, to the leading SaaS cloud banking platform Mambu
Hippo Appoints its EVP & Chief Strategy Officer Stewart Ellis to Its Board of Directors
Hippo announced the appointment of its current EVP and Chief Strategy Officer and former Chief Financial Officer, Stewart Ellis, to the Company's Board of Directors
FCA Spearheads Global Action to Stop Illegal Finfluencers
The FCA has led international action to stop illegal finfluencers putting consumers' money at risk