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June 19 2020

Revolut launches account aggregation feature in Ireland with the help of TrueLayer

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Revolut has extended its open banking feature to Ireland. This feature launched in the U.K. during February. The partnership with TrueLayer enables customers to add third-party bank accounts to your Revolut account.

The account aggregation is now supported by several Irish banks such as AIB, Ulster Bank, Permanent TSB and Bank of Ireland. Revolut and TrueLayer will add support to other banks in the near future. Revolut has a great presence in the Republic of Ireland with about 1 million customers.

Read also: Leaked messages from Revolut’s CEO Nikolay Storonsky address the job cut accusations

Joshua Fernandes, product owner for open banking at Revolut, said: “With the rollout of our Open Banking feature, our retail and business customers in Ireland can now view and manage multiple Irish bank accounts, enabling them to interpret their day to day spending across all of their accounts, with the added benefit of making our offering even more relevant, user-friendly, faster and more cost-efficient for our customers.”

Francesco Simoneschi, co-Founder and CEO of TrueLayer, said: “Our Open Banking platform will provide Revolut’s customers with a much more comprehensive view of their finances, allowing them to exert greater control and oversight.”

“TrueLayer’s mission in Ireland is to provide fundamental support to its world-renowned tech industry as it moves towards embracing Open Banking,” he added.

This all adds up with Revoluts ambition to become a “super-app”. Its goal is to build a user-friendly financial hub for all your financial needs. Open banking is the key to success in this regard.

Check this full article to learn more: Open Banking for Good: reshaping the debt management

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