Yolt announces integration with Starling Bank

By Emily Nicolle on Tuesday 7 November 2017

Digital Banking

The money management app backed by ING has integrated with its first mobile-only bank, adding Starling Bank to its platform alongside incumbents.

Yolt’s aggregation functionality now allows users to view their Starling account details and transactions inside the Yolt app, alongside their other bank accounts.

Starling Bank marks the 29th bank, and first digital bank, to partner with Yolt using API integration.

It seems a natural partnership for the two firms at the forefront of the Open Banking, after both platforms have been making moves in the Open API space in recent months.

Starling Bank announced its latest payment integration with FitBit Pay in October and launched its third-party Marketplace earlier this year. Meanwhile, this latest connection by Yolt follows previous partnerships with energy comparison platform, Runpath, and international money exchange service Moneytis.

Until now, competitor app Bud has been leading the way in digital partnerships, listing fintech firms like Zopa and Wealthify under its API. Its most recent connection came in the form of an exclusive deal with travel rewards programme Avios last week.

It remains to be seen whether fellow digital banking rivals will now follow suit in order to keep up. Just last month, Monzo announced its vision for its own Open API marketplace, perhaps making way for a similar partnership.

Commenting on the news, Frank Jan Reisseuw, CEO of Yolt, said: “It is connections like these that contribute to a new and innovative banking landscape, built on the principles of Open Banking.”

Likewise, CEO of Starling Bank, Anne Boden, said: “We are delighted to be the first challenger bank to partner with Yolt. Starling was founded to empower its users to manage their money more effectively and integrating with Yolt so they can manage their Starling current account alongside other accounts continues to fulfil this promise to our customers.”

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.

Companies in this Article:

Starling Bank
Zopa Bank

More like this:

Exclusive: Tide scoops up Funding Options in its first acquisition

Editor's Pick

29 November 2022
Oliver Smith

The AltFi Awards 2022: Here are the winners!

Editor's Pick

2 December 2022
Oliver Smith

Zilch poised to axe 10 per cent of workforce

28 November 2022
John Reynolds