Yolt inks American Express deal

By Daniel Lanyon on Friday 24 April 2020

Digital Banking

The open banking app has announced a new API connection with American Express, bring it 90 per cent API coverage in the UK.

Yolt inks American Express deal
Image source: Pexels

Yolt has launched a new API connection with American Express, with its users with an American Express card can now see their spending and balance directly within the Yolt app. 

This latest integration means that Yolt now has live API connections with over 90 per cent of UK consumer accounts, it says, including connections with all of the nine largest high street banks and challengers such as Monzo and Starling. 

Yolt also launched an integration with digital wealth manager Nutmeg this week, showing how it is expanding beyond bank current accounts to other financial channels.

Pauline van Brakel, Chief Product Officer at Yolt comments: “In the current financial landscape, many people are understandably keen to keep a close eye on their finances and potentially seek ways to reduce their regular outgoings. Apps like Yolt give people a complete view of their finances, making it easier to identify areas where potential savings can be made. 

“Credit has an important role to play in the day to day financial lives of many people, and when properly managed, can be a valuable money management tool. Our connection with American Express, one of the largest providers of consumer credit in the UK, was a much-requested feature and I hope it will help many of our users to better understand and navigate their finances.”

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