Raisin and Yolt increase financial access and transparency

Raisin and Yolt increase financial access and transparency
05.06.2019 08:28 pm

Raisin and Yolt increase financial access and transparency

Payments

In a new alliance of customer-centric financial tech startups, Yolt, the smart thinking money app - which today announced 900,00 registered users - will be partnering with pan-European savings marketplace Raisin. This will provide European Yolt users in-app access to Raisin’s savings products. Beginning in the UK, followed by Italy and France, Yolt will provide its users access to a wide range of saving deposit rates from Raisin’s partner banks, directly through the Yolt app. Both companies want to improve the way consumers interact with their finances, with an aim of boosting financial literacy and enabling users to make better choices with their savings.

Yolt users in UK, Italy and France will be able to compare and choose from a range of savings accounts offered by Raisin. This will allow customers to seamlessly invest their savings, selecting from deposit products, all with competitive interest rates, in one place. Additionally, Yolt users will be able to view their Raisin savings accounts directly in the app next to their credit and debit accounts and transactions that Yolt enables them to track.

Yolt’s CEO Frank Jan Risseeuw commented: “Our partnership with Raisin will enable our users to have access to finding the best savings options for them. Adding to our savings proposition, users will now be able to have a clear and comprehensive view of their savings as well as their spending habits, all in one place. It’s partnerships like these that really raise the bar in the money management space, and what better way to put your hard-earned savings to work!”

This partnership is a result of both companies’ commitment to, and extensive experience with, Open Banking collaboration. Raisin partners include N26, Commerzbank, Vanguard and ClearScore among others, plus the more than 75 partner banks offering deposits across Raisin’s seven platforms, while Yolt collaborates with simplesurance, MoneySuperMarket, Anorak, Wealthify, Pensionbee and many others. The announcement additionally accompanies milestones from both companies: Yolt celebrates its second birthday having exceeded 900,000 registered users, and Raisin has now brokered over 13 billion EUR since launching in 2013.

“With our shared dedication to open banking, this cooperation will give Yolt users access to better savings along with transparency over their deposits — connecting both our companies' core values,” stated Raisin co-founder and CEO Dr. Tamaz Georgadze. “As a pan-European platform dedicated to breaking down barriers, we’re excited to work together across Europe to provide savers a better financial experience and unlocking what we believe has great potential.”

Related News

InstaReM Enables B2B Payments into China from the UK and Europe

Digital money transfer provider InstaReM now enables the UK and European businesses to make payments into China. The payment facility comes into fruition with immediate effect... Read more »

Mastercard Gets Miami Commuters Tapping on Public Transit

Mastercard today announced its partnership with transportation solutions provider Cubic Transportation Systems, and Miami-Dade County Department of Transportation and Public... Read more »

500 Institutions Partner with ProfitStars for Streamlined, Digital Commercial Lending

Jack Henry & Associates, Inc. is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its ... Read more »

Sibos 2019 – Serrala to receive Global Finance Award

Serrala, a global provider of software solutions for inbound and outbound payments and automated finance processes, announced its participation at the Sibos Conference 2019 in... Read more »

Worst-case scenario for financial products and software: The Johnson Brexit

London is still considered as Europe’s largest financial centre; 90 percent of all derivatives traded in euros are transacted in the British capital. This can change with the... Read more »

Payments, fintech and banking experts to unite at PayExpo 2019

The UK’s leading payments conference, PayExpo, is back once again, bringing the world’s leading fintech, banking,... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel