Yolt welcomes Lloyds Banking Group’s new open banking app

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Leon Muis, COO, Yolt, comments:

“It’s brilliant to see a household name like Lloyds Banking Group embrace Open Banking – together we were actually the first with a live Open Banking connection – so it is great to see them delivering this feature to further empower their customers.

“This is just another reminder that we are on the brink of an Open Banking revolution. Yolt currently fires off over 4 million API calls per week and all parties need to be prepared for this to increase even further. Consumers are already benefiting from more personalised products and services that simply weren’t possible a year ago and, at Yolt, we are ready and waiting for more accounts to be available, such as savings, to offer the consumer an even stronger solution.

“Open Banking has the power to completely change the way all of us interact with our money. With Lloyds Banking Group helping to raise the profile of this relatively new regulation, I hope we will start to see more and more consumers seizing power and control of their data and finances.”

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