Following the recent announcement that Yolt is heading into a substantial beta phase for a new alliteration of the app, it’s today been announced that the smart thinking money app, has been awarded the title of ‘Best Personal Finance App’ at the Wealth & Finance FinTech Awards 2020. The awards are dedicated to businesses that are redefining finance and banking for the modern age and for the modern consumer.

Yolt’s citation for the award noted the app’s pioneering role in promoting Open Banking technology in the UK, helping to put consumers back in control of their financial data and encouraging development in the FinTech sector.

Fast facts:

• Since its creation in 2017 Yolt has worked closely with the Open Banking Implementation Entity and other Third-Party Providers and financial institutions to shape and launch Open Banking in the UK

• Yolt also became the first Third Party Provider (TPP) to make an Open Banking API call.

• In 2019 the brand went on to successfully build API connections with all of the UK’s nine largest banks.

• Yolt now has over 1.5 million registered users in the UK, Italy and France; a 4+ star rating on the IOS app store, which reflects its dedication to users; and processes around 22 million API calls per week.

Pauline van Brakel, Chief Product Officer, Yolt, comments:

“We’re overjoyed to have been named the Best Personal Finance App of 2020 at the Wealth & Finance FinTech Awards, this is certainly another standout moment in our journey.

“Yolt has always been a customer-focused provider of Open Banking technology, aiming to help users improve their financial wellbeing with effective and accessible money management tools.

“Now, perhaps more than ever is when the true benefit of Open Banking technology can be felt, at a time when consumers need full transparency across their finances. As Yolt enters its next phase, we’re fully committed to empowering our community to spend smart and save, for the uncertainty that may lay ahead for many.”