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Yolt comments on YouGov Open Banking research
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Frank Jan Risseeuw, CEO, Yolt said:
“The Open Banking process has come so far in such a short space of time. The fact that 28% of consumers are aware of such a new piece of banking legislation is encouraging. The focus must now be on ensuring that consumers understand the true value of Open Banking.
“Customers who manage their finances through Open Banking will be able to access more genuinely personalised products and services. By allowing users to have all of their different accounts and products in one place – as they can with Yolt – people will really start to see how Open Banking can impact their lives.
“The managed roll out of current account APIs has been a great start for Open Banking. Yolt and our community are now keen to see a high standard of quality set across the APIs that the banks are offering as well as extending access to all accounts including the crucial savings accounts and credit cards. We believe these changes will provide even greater value to the consumer.
“Yolt is a great example of how Open Banking works in practice. With more than 300,000 registered users and growing every day, we hope that more people will continue to embrace the ease, choice and control that this technology brings.”
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