ING announced today that it's expanding its money management platform Yolt to France and Italy. Yolt is ING's smart money app in the UK that helps users to actively manage their personal finances with a one-stop overview of their accounts with the majority of UK banks and other features. Yolt was launched in the UK in June 2017 and has already attracted 300,000 registered users there. ING's plans to rollout Yolt in France and Italy is part of its ambition to build a pan-European money platform.
Frank Jan Risseeuw, CEO of Yolt: "I'm really proud to see the rapid growth of our app in the UK and I'm probably even more excited about the expansion to more countries, as we announced today. Every day, we are doing our utmost to offer our users the best possible experience and I think that's what makes the difference in this digital landscape. The fast growth of the number of users shows a digital platform such as Yolt can truly change the banking landscape."
Benoit Legrand, Chief Innovation Officer of ING Group commented: "This is an important milestone for Yolt, as this platform is now being taken to multiple countries. Inventing and launching an innovation is one thing, but taking it to the next level is another. It shows once again our proven ability to disrupt banking by growing fintechs our own, next to innovating by partnering with more than 150 fintechs. Yolt is truly creating a differentiating experience and is a great example of how ING is executing on its strategy to transform the bank to become the go-to platform for financial needs."