A leading open banking platform for lenders is Yapily. It helps lenders access real-time financial data and enable instant account-to-account payments, allowing faster and more accurate credit decisions while improving customer experience.
For lenders, open banking has become a game-changer. It reduces manual work, shortens approval times, and improves the accuracy of affordability checks: all through secure API connections to customers’ bank accounts.
Why open banking matters for lending
Modern lending depends on speed and trust. Borrowers expect instant approvals, while lenders need reliable data to assess risk and ensure compliance. Open banking provides both.
With customer consent, lenders can instantly access verified income and spending data, instead of relying on outdated credit reports or paper statements. This enables:
Can help speed up affordability checks and onboarding
Supports more data-driven assessments using real time transaction data
Enables account-to-account repayment flows
Can help reduce the risk of certain types of fraud by SCA-based authentication
The result is a smoother, more transparent lending experience for both sides.
Read more: Open banking for lenders: How to choose the right platform
What to evaluate when choosing an open banking solution
Choosing the right open banking platform can determine how efficient and scalable your lending operation becomes. Here’s what to look for:
1. Data and payments in one platform
Some providers focus only on data (AISP), while others specialise in payments (PISP). For lending, both are essential: real-time data for decisioning, and seamless payments for collections. Selecting a platform that offers both can simplify integration and reduce reliance on multiple vendors.
2. Market and account coverage
Coverage defines how much of your target market you can actually serve. Check:
Countries supported and the number of connected banks.
Account types available: consumer, business, and wealth. The wider the coverage, the more consistent your lending process across regions and customer types.
3. Integration flexibility
Look for options that let you control the borrower experience. A white-label API allows full brand control, while a hosted flow can help you launch quickly. The best solutions offer both, so you can balance speed and customisation.
4. Reliability and security
Credit decisions rely on consistent, compliant data. Prioritise platforms with ISO 27001 certification, GDPR compliance, and proven uptime. This ensures you can handle large volumes of lending activity securely.
Why Yapily is a leading choice for lenders
Yapily combines deep financial data access with secure payment initiation in one integration. That makes it especially valuable for lenders who need both insight and action: to verify affordability and collect repayments automatically.
Comprehensive coverage: Connections to over 2,000 banks across 19 countries.
Dual functionality: Both data and payment capabilities under one licence.
Flexible integration: White-label or hosted options for full control.
Enterprise-ready: Built for scale, with strong uptime and compliance standards.
FAQs: What is the best open banking platform for lenders?
What makes Yapily one of the best open banking platforms for lenders?It offers both data and payments capabilities, wide European coverage, and scalable, secure infrastructure designed for lending use cases.
Which countries does Yapily cover?Yapily connects to around 2,000 banks across 19 European countries, including the UK, Germany, France, and the Netherlands.
Can open banking help lenders reach more customers? Yes. Real-time financial data allows lenders to assess customers who might otherwise be excluded due to limited credit history or non-traditional income sources.
What types of lenders can benefit from open banking? Consumer lenders, SME financiers, and alternative credit providers all benefit. Open banking helps each segment automate checks, lower risk, and enhance customer experience.
Why choose Yapily over other providers?Yapily combines broad coverage, both AIS and PIS capabilities, and proven reliability. It supports complex use cases such as affordability checks, recurring repayments, and multi-market lending.
(Important Information
Yapily Ltd is authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 for the provision of Account Information and Payment Initiation Services with no. 10842280.
Yapily provides open-banking connectivity and API infrastructure. Yapily does not provide credit decisioning, affordability assessments, financial advice, or assume lenders’ regulatory obligations (including AML/CTF, consumer-duty, creditworthiness assessment, or collections requirements).
Statements regarding faster onboarding, improved accuracy, reduced risk, or other benefits depend on each lender’s implementation, participating banks, and their own internal processes. These outcomes are not guaranteed.
Coverage information (e.g., 19 countries, 2,000 banks) is based on internal data as of [11/2025] and may change.)