Airbank provides a simple financial management solution that aggregates all bank accounts in one place and delivers more control, visibility, and automation to modern finance teams. Startups & SMBs use Airbank to access [bank accounts](https://www.yapily.com/open-banking-data/ "Account Initiation Service"), monitor cash flow in real-time, create reliable forecasts, and make business [payments](https://www.yapily.com/open-banking-payment-initiation/ "Payment Initiation Service").

Airbank matches bank transactions with merchant and category data to give finance teams complete visibility into revenues and expenses, thus helping make their lives easier with cash flow budgeting, forecasting, and reporting.

[Yapily's API](https://www.yapily.com/coverage/ "Yapily API") infrastructure provides Airbank users with a smooth, simple way to connect to more than 1,500 banks across the UK and Europe including Deutsche Bank, Commerzbank, Sparkassen, Volksbanken and neobanks. Airbank selected Yapily for its strong coverage in Europe, with a specific focus on Germany, France, Spain, and the UK. Yapily's European bank connectivity enables Airbank's customers to scale and grow across Europe, delivering forecast visibility anywhere they go.

The partnerhsip with Yapily alleviates Airbank's customers from spending time and resources managing their finances - giving them direct access to all the financial and contextual data they need in one tool. Historically, most businesses created budgets and cash flow forecasts in manual spreadsheets which is time-consuming and error-prone. With Airbank, customers save time and costs to focus on value-adding business tasks.

The partnership also enables Airbank's customers to use its data enrichment platform and transaction categorisation engine to turn the raw data from bank accounts into meaningful and actionable insights. Airbank reconciles account balances, forecasts financials and helps business owners make smarter business decisions every day. Harnessing Yapily's leading open banking infrastructure, Airbank can accelerate its adoption of digital banking services.

Airbank's vision is to simplify financial management for SMBs and to create a unified platform that helps its users with the full cycle of financial management from cash flow analysis and forecasting, to accounts receivables and payables management, and more. Airbank has raised $3m seed funding from leading VCs, and counts hundreds of users in Germany, Austria, France, Spain and the UK.

Open Banking has enabled smooth integrations with banks, which we utilize to offer richer banking and payments experiences for our users. We're building a business banking solution that connects all your financial accounts in one place. Our partnership with Yapily gives users a smooth and simple way to connect to thousands of banks in Europe, unlocking real-time insights into their cash flow. We eliminate the pains of finance admin so business owners can focus on what’s really important — growing their business.

__Christopher Zemina, Co-founder and CEO of Airbank__

Airbank helps simplify the daily routine of banking and finance management for small and medium sized businesses. By leveraging Yapily's open banking infrastructure, Airbank can provide actionable insights to businesses - at a time where it's needed. As a small yet fast growing company, Yapily is committed to supporting the SMB community and we are excited to see how Airbank delivers the benefits of open banking to many businesses across Europe.

Comment by __Chris Scheuermann, Commercial Lead DACH at Yapily__

**About Airbank**

Airbank is the next-generation multi-banking platform for startups and SMBs that puts all bank accounts into one place. Airbank offers bank account aggregation, cash flow management, multi-user permissions, and single sign-on, aiming to become the leading B2B payments provider for small and growing businesses. Incorporated in Berlin, Germany, Airbank is backed by leading entrepreneurs and investors. To learn more, visit [AirBank](http://joinairbank.com "AirBank").

**About Yapily** 

Yapily is an open banking infrastructure provider, allowing companies to seamlessly access financial data and initiate payments. Designed and built for Open Finance, Yapily enables better and fairer financial products for everyone. The company has raised $69.4m in funding to date, and provides infrastructure for industry leaders including American Express, Intuit Quickbooks, Vivid, Moneyfarm and BUX. Headquartered in London, UK, Yapily employs over 100 people and continues to scale rapidly.

Airbank selects Yapily to build a financial management solution for SMBs

__Paris, 16 September, 2021__ -- [Yapily](https://www.yapily.com/ "Yapily"), the European open banking infrastructure provider, today announces its expansion into France with significant investment, the opening of an office and appointment of an expert team. In entering the market, Yapily’s goal is to provide French banks and the country’s flourishing fintech sector with a platform for innovation and international expansion.

Ahead of its launch into France, Yapily had already developed considerable capabilities in the market. With 100% PSD2 connectivity, Yapily covers more than 85% of French bank accounts, enabling banks, fintech firms and other financial institutions to embed the power of open banking within their products and services. Vivid, the Berlin-based financial platform for investing, banking and saving, already uses Yapily to connect to bank accounts in France. 

Julien Lamour, Yapily’s Country Manager in France, said: “Increasingly, the public expect banks and other financial service providers to deliver the same levels of speed, convenience and personalisation found in mainstream mobile apps. Yapily’s proven expertise in open banking provides the foundation for banks and fintech firms to fulfil these expectations. Yapily infrastructure is scalable, allowing French companies to embed open banking within their products and create hyper-personalised services. With our international reach, we’re excited to help French businesses continue to innovate and expand into other European countries beyond the home market.” 

The launch of French operations closely follows Yapily’s recent completion of its [Series-B fundraising round](https://techcrunch.com/2021/07/21/yapily-raises-51-million-for-its-open-banking-api/ "Series B Fundraising"), which saw it secure $51m to extend open banking across Europe and revolutionise financial services through open finance, creating financial inclusion for all. The investment round had a markedly European flavour, led by Sapphire Ventures with existing investors Lakestar, HV Capital and LocalGlobe also taking part. 

Julien Lamour continued: “In recent years, the French fintech sector has seen an acceleration in investment and a surge in innovation. In moving data and payments between organisations, open banking initiatives will be crucial to traditional and new financial service providers realising their ambitions. Yapily’s focus on scalable and reliable open banking infrastructure will provide the foundation for French companies to create better and fairer financial products and services.”

Working alongside Julien Lamour to drive Yapily’s business in France will be Mohsen Dajani, Head of Sales, who brings valuable experience and expertise in the French fintech sector as the former country manager of Pagantis.


Yapily to Drive Innovation and Expansion for French Banks and FinTech as it arrives in market 

__London, UK, 17 August 2021__: Yapily, the leading open banking infrastructure provider, today announces that Roland Selmer has joined the executive team as Chief Product Officer (CPO). 

Roland brings over two decades experience in building API first products at organisations operating in highly regulated markets, most recently for Vonage and Telefonica Digital, and will help develop Yapily’s developer focussed approach. 

Prior to joining Yapily, Roland was Senior Vice President for Product at business cloud communications provider Vonage (previously Nexmo), where he played a central role in Product Development and significantly growing API revenues. Prior to Vonage, Roland worked at European telco Telefónica Digital, where he helped Telefónica’s transformation into a Digital Telco.

Roland joins the team with demonstrative success in delivering successful products to market, and a genuine enthusiasm for scaling businesses. The appointment comes a month after Yapily announced its [Series B funding raise of $51m, led by Sapphire Ventures](https://techcrunch.com/2021/07/21/yapily-raises-51-million-for-its-open-banking-api/ "Yapily raises $51 million for its open banking API by focusing on infrastructure"), to expand across Europe and beyond as open finance regulation is implemented globally. It is part of Yapily’s commitment to continue to invest in its market-leading infrastructure to pave the way for open finance around the world, creating financial inclusion for all. 

Speaking about his appointment __Roland Selmer, Chief Product Officer for Yapily says__, “I’m really excited to join the Yapily team at this inflection point for both the company and the industry as a whole. We’re only at the nascent stages of an open finance revolution and there is so much scope for disruption across the board. Finance is such a critical enabler of any modern society and I’m looking forward to working with the Yapily team to make the best possible experience people want to use when it comes to open finance. 

“I see real similarities between what Yapily is doing with open finance today and the transformational journey we saw with the telcos 10 years ago where communications became democratised. As a pure infrastructure player whose  focus is on creating an amazing developer experience, Yapily’s ethos and culture reflects its dedicated path towards open finance and I’m delighted to be here.”

__Stefano Vaccino, Chief Executive Officer for Yapily says__, “We are delighted to welcome Roland to Yapily. We’re growing fast and have ambitious plans for the next few years. Roland joins us with a new perspective from an industry that has experienced similar disruption and will enable us to improve and expand our product offering in order to become the world’s leading infrastructure provider for open finance. Roland’s experience speaks for itself and I’m thrilled he’s decided to join us on this journey.”

The appointment comes at a pivotal time for the company, as it positions itself as a global player in the open finance space after announcing a number of strategic partnerships including American Express, Intuit Quickbooks, Vivid, Moneyfarm and BUX.

---

__About Yapily (yapily.com)__

Yapily is an Open Banking infrastructure provider, allowing companies to seamlessly access financial data and initiate payments. Designed and built for Open Finance, Yapily enables better and fairer financial products for everyone.

The company has raised $69.4m in funding to date, and provides infrastructure for industry leaders including American Express, Intuit Quickbooks, Vivid, Moneyfarm and BUX. Headquartered in London, UK, Yapily employs over 100 people and continues to scale rapidly. 


Yapily appoints new CPO to propel expansion & drive global product adoption

__London, UK, 21 July 2021:__ [Yapily](https://yapily.com), the leading open banking infrastructure provider, today announces the first closing of its $51m Series B funding round (second closing subject to regulatory approvals), taking its total investment to date to $69m. The company will use the funding to expand across Europe, extending open banking to cover 95% of the continent by the end of the year; and will continue to invest in its market-leading infrastructure to pave the way for open finance, creating financial inclusion for all. 

The investment is led by [Sapphire Ventures](https://sapphireventures.com/), a leading venture capital firm that partners with visionary teams and venture funds to build companies of consequence. Primarily investing in Series B through IPO technology companies, Sapphire supports the growth of the API infrastructure category. Existing investors Lakestar, HV Capital and Latitude have also participated in the round. 

During Covid-19, Yapily has experienced 3.5x customer growth as global commerce rapidly shifted towards online shopping. With [bank transfers estimated to account for 8% of global e-commerce payments in 2020](https://www.fintechfutures.com/2021/03/state-of-play-account-to-account-a2a-payments/) according to Worldpay’s 2021 Global Payments Report, account-to-account payments have entered the mainstream; creating the perfect opportunity for open banking to become the go-to infrastructure underpinning digital payments globally.

Yapily will use the funding to enter new markets including France and Spain, while continuing to invest in existing markets (UK, Italy and Germany) where it has already established a strong presence with a rapidly increasing customer base. In 2022, Yapily will expand to markets beyond Europe as open finance regulation is implemented globally and consumers begin to benefit from an open financial ecosystem. The company will also continue to invest heavily in its product and people, with a focus on significantly growing the size of its engineering capabilities over the next 12 months.  

__Stefano Vaccino, CEO and Founder of Yapily said,__ “We are delighted with this strategic investment, demonstrating Yapily’s position at the heart of disrupting global financial infrastructure. As we got to know Sapphire Ventures, it was clear that they are hugely supportive of our strategic approach and share our vision of open finance. Open Banking infrastructure is fundamental to how data and payments move between organisations worldwide, and it will shift the power to consumers for years to come. We are only starting to scratch the surface of what’s possible.”

“Europe is leading the world in open finance, and consumers and businesses will start to see more innovation from industries such as mortgages, pensions and insurance, with easier access to financial data and payments infrastructure. With more frameworks coming into effect around the globe, the time is right to double down on our growth plans by entering regulatory-led markets and enabling companies to build better and fairer financial products and services.”

__Andreas Weiskam, Partner and Co-founder of Sapphire Ventures said,__ “We have been following open finance and the tremendous opportunity it presents in Europe and beyond for some time. FinTech is evolving from a vertical to a horizontal sector as companies in many verticals are moving to embed financial services into their offerings. This is a trend we believe is here to stay and relies on the development of a robust financial infrastructure layer. 

“The decision to invest in Yapily was clear: an infrastructure-first approach to deliver better and fairer financial services for everyone. Europe is a fast mover in embracing an open and API-centric model, and Yapily is at the epicentre of financial innovation to push the regulatory boundary and shape the future of the open economy.”

Harnessing Yapily’s infrastructure, innovative companies are embedding the power of open finance into their products and services. This includes improving customers’ payment experiences while saving money on payment fees; securely accessing balances, identity and transaction data; and streamlining account and digital wallet top ups with instant payments. 

Yapily is trusted to deliver faster, affordable and personalised products and services by innovative brands including Intuit QuickBooks, GoCardless, American Express, BUX, Volt, Moneyfarm and Vivid Money. As the invisible backbone for open banking, Yapily covers more than 90% of accounts in major European countries with deep open banking knowledge and expertise. 

---

__About [Yapily](https://yapily.com)__  

Yapily is an Open Banking infrastructure provider, allowing companies to seamlessly access financial data and initiate payments. Designed and built for Open Finance, Yapily enables better and fairer financial products for everyone.

The company has raised $68M in funding to date, and provides infrastructure for industry leaders including American Express, Intuit Quickbooks, Moneyfarm, Volt, Vivid and BUX. Headquartered in London, UK, Yapily employs over 90 people and continues to scale rapidly.

__About [Sapphire Ventures](https://www.sapphireventures.com)__

Sapphire Ventures is a leading venture capital firm that partners with visionary teams and venture funds to build companies of consequence. For nearly two decades, Sapphire has been investing capital, resources and expertise in innovative startups and technology-focused venture funds around the world. With more than $6.8B in AUM across Sapphire Ventures, Sapphire Partners and Sapphire Sport, and with team members in Austin, London, Palo Alto and San Francisco, Sapphire is well-positioned to help scale companies and venture funds, elevating them to become global category leaders. 


Yapily raises $51m in Series B funding to revolutionise financial services through Open Finance

Yapily, the leading open banking infrastructure provider, today announces the first closing of its $51m Series B funding round (second closing subject to regulatory approvals), taking its total investment to date to $69m. 

__London, UK, 8th June 2021:__ Yapily, the leading [Open Banking infrastructure](https://yapily.com) provider, has today announced the launch of its new [Open Banking Bulk Payments](https://www.yapily.com/blog/open-banking-bulk-payments/) service, with [Comma](https://usecomma.com/), the SME payments platform, already live and benefiting from the service in the UK. 

Working in close partnership with Comma, Yapily has simplified the complex process of Bulk Payments - under [Open Banking](https://yapily.com) - in the UK. The proposition provides customers such as Comma with the API connection they need to create a reliable, secure and scalable Bulk Payments feature for their [accountancy](https://yapily.com/solutions/accounting/), payroll and bookkeeper clients.

Until now, [Bulk Payments](https://www.yapily.com/blog/open-banking-bulk-payments/) in the UK have only been available to medium to large scale businesses that have corporate banking accounts. As such, many SMEs have been forced to rely on legacy, inefficient payment processes causing significant headaches and issues when it comes to paying staff, suppliers and customers on time, every time. 

Harnessing Yapily’s Bulk Payment offering, Comma’s accountant and bookkeeper customers can create and share payment runs with clients; who in turn can bulk pay bills, taxes and salaries on their phone or desktop, in a few clicks from their own bank account. This enables accountants and bookkeepers to offer new payment services to clients - something demanded of them for many years. Operational efficiency is an essential benefit as SMEs look to rebuild post-pandemic. 

__Tom Beckenham, CEO and Founder of Comma said,__ “Comma was developed out of a passion for helping small businesses. Paying anything manually is a tedious process and often affects the small business owner. Working closely and transparently with Yapily, we’re now able to provide our customers with a magical payments experience. It gives them the time back to focus on growing their businesses. We look forward to continuing our collaborative partnership with Yapily.”

Leveraging its direct and deep connections with many of the UK’s largest banks, Yapily is the first Open Banking infrastructure provider to test and release Bulk Payments functionality for 7 financial institutions’ in the UK. 

__Stefano Vaccino, CEO of Yapily said,__ “We’ve seen a real, increasing demand from our customers for bulk payments capabilities. We’re proud to say that after some hard work, we’ve built a reliable Bulk Payments feature for our customers in the UK. We’ve been lucky to work with pioneering clients like Comma who have supported us in stress-testing the functionality so we can deliver the most robust service possible. 

“What might seem on the surface to be a simple implementation of the required endpoints, has been a huge team effort, and a big learning curve for us as an Open Banking infrastructure provider. We’re already working on rolling this out into Europe and we’re excited to be working with Comma and other customers on developing even further.” 

Yapily’s Bulk Payment service will be rolled out to customers in Germany in the coming months, and will look to power new bulk payments propositions with more European customers in the future.

---

__About Yapily__ 
Yapily is an Open Banking infrastructure provider, allowing companies to seamlessly access financial data and initiate payments. Designed and built for Open Finance, Yapily enables better and fairer financial products for everyone.

The company has raised $18.4m in funding to date, and provides infrastructure for industry leaders including American Express, Intuit Quickbooks, Moneyfarm and BUX. Headquartered in London, UK, Yapily employs over 90 people and continues to scale rapidly. 

__About Comma__ 
Comma is an open banking bulk payment system - the first of its kind. It handles the boring but important stuff - bills, salaries, and taxes - for small and micro businesses who don't have corporate banking. We get to small businesses through bookkeepers and accountants by enabling payment services.

The company is Silicon Valley backed and headquartered in the UK. Although only a young company, It is already used by dozens of accounting and bookkeeping firms across the UK to pay. Close to £250,000 has already been transferred so far using the bulk payments API. 


Yapily launches Bulk Payments service with Comma in the UK

Yapily, the leading Open Banking infrastructure provider, has today announced the launch of its new Open Banking Bulk Payments service, with Comma, the SME payments platform, already live and benefiting from the service in the UK. 

In a successful modern business, the happiness of the people working in it is the most important business priority. There is a real understanding from the management team that we need to look after our people, to look after our customers, which in turn builds a great business. The Yapily leadership team is very passionate about diversity - we have 24 different nationalities amongst our 90+ Yapsters and 25% of our people are from black, asian, mixed and other ethnic backgrounds, we’re also tracking social mobility amongst our people. There is a lot of work to do but we’re passionate about improving life for all our Yapsters and making sure Yapily is a company that is a truly inclusive and a great place to work. 

## What are the main responsibilities of The People Team?

The People Team is responsible for the experience that people have when they work at Yapily. We want our team to have their careers and their lives positively impacted through working with us. It’s a very ambitious target! 

Traditionally HR has been responsible for the ‘processes’ that people go through at different stages of their employment. Being a people professional is more about focusing on the individuals we have hired and ensuring they thrive both professionally and personally, in the mutual best interests of both the company and the individual. Our work is varied, from ensuring we hire the best talent from all parts of our society, to employee benefits, creating strategies for developing our talent, developing wellbeing initiatives and everything else in between. 

It is not easy meeting every one of our diversity goals as fast as we would like to. We don’t have a huge team tackling these initiatives like many large corporations, but we do have the ability to make real change. Working in a start-up is great because of the variety of projects that we get to work on and in particular, working so closely with the people who are building our business; designing solutions and initiatives that work for them.

## What has been done so far and what is next?

Our main goal for the first 12 months has been to set up The People Team and to help the business scale efficiently, putting strategies and processes in place to support the development of our team and attract new talent. 

Since The People Team was introduced at Yapily, we’ve conducted a lot of surveys and have listened to feedback about how people are feeling, to get data on where we should improve. After assessing the initial feedback we got from the team, we decided to tackle these projects:

### Structured onboarding programmes
As the last year has proven, virtual onboarding needs to be planned and executed just as efficiently as in-person onboarding. So we’ve designed and implemented onboarding programmes that are specific to departments/functions in the business. This helps the new members of the team learn about Yapily, get to know the business/team and settle in smoothly.

### Talent development programme for our people managers
As we grow as a business, we want to empower our people managers and their teams to be the best they can be. We’ve introduced training and development to ensure that our people managers have the toolkit and support needed to lead and develop and inspire their teams effectively.

### Improved our pension scheme
Based on feedback we got from the team earlier this year, we’re implementing a salary exchange scheme and we have moved pension providers to ensure our team gets the best return on their pension. 

### Formal pay reviews and career development conversations
We’ve successfully initiated annual pay reviews and are now encouraging monthly career development conversations. This is to ensure that we’re considering what each team member values, wants to learn and achieve from their career. 

### Regular feedback loop
We’ve introduced a regular timeline of internal surveys and feedback sessions, so that the team has the opportunity to shape our future People initiatives. 

Next, the team will be working on diversity initiatives with a particular focus on inclusion and gender diversity. We’ll be looking at increasing our parental leave provisions and developing our Learning & Development agenda. 

### A quick note from the team:

Katie Kyle, People Lead at Yapily: "It’s humbling that so many people want to develop their careers with us and we take that responsibility seriously and are working hard to develop a great place for them to thrive."

Mary Kawa, People Coordinator at Yapily: "Although I’m new to the People team, it’s clear to see that Yapily is committed to engaging our Yapsters and supporting their development. This human approach is what drew me in and what really makes Yapily stand out."

People and Talent at Yapily

The People Team is responsible for the experience that people have when they work at Yapily. We want our team to have their careers and their lives positively impacted through working with us. It’s a very ambitious target!

Back in May 2020 we shared that we had [launched in Germany](https://www.yapily.com/blog/the-yapily-platform-is-live-in-germany/), with coverage across 80% of consumer retail bank accounts. This initial coverage included Deutsche Bank, Noris Bank, Commerzbank, N26, ING, Unicredit (for both retail and business customers) - as well as all Sparkassen and Landesbanken, which are regional banks across Germany totalling nearly 400 separate institutions. We were very happy with this coverage as a base for our customers in Germany, but the more we got to know the market, we knew that 80% wasn’t good enough for a fintech market that was buzzing with potential. So we decided to grow our coverage, ensuring further support for the future implementation of newly available [Open Banking](https://yapily.com) features.

## Our Coverage

Once we had a foothold in the region, we understood the fragmented banking landscape within Germany and we wanted to further expand our coverage to help serve our customers better. We quickly added Comdirect, Consorsbank, and also migrated N26 from their depreciated API to their newest API. We then wanted to focus on three banks giving excellent coverage across Germany, but posing an entirely new technical challenge: Volks- und Raiffeisenbanken, Postbank and Deutsche Kreditbank (DKB) - Embedded Flow banks.

### Developing further support for desired Open Banking features

You may have read our previous article on the launch of [Yapily in Austria](https://www.yapily.com/blog/were-live-in-austria/), where we discussed some of the technical differences of embedded flow as an authentication method. From a technical build perspective, we spent a lot of time redesigning our API integration for embedded flow banks, to make sure it was suitable for all the coverage we wanted in Germany, meanwhile ensuring that it would work for new banks we hadn’t yet come across. 

In our article last year we described how German bank integrations are always in the Next Gen PSD2 Berlin Group API standard, and the variety and breadth that the API standard provides. It means that each bank has a bespoke implementation, and similarly, each bank’s embedded flow implementation is different. We’ve worked really hard to normalise the embedded flow journey for Yapily customers, and we’re proud we can now offer Embedded and Redirect authorisation flow banks side by side in our Germany coverage, taking our total consumer account coverage to over 90%. Across all of our German coverage we support both AIS and PIS functionality which was a goal for our team based on the customer feedback we received post-launch.

## Growing Fintech Market 

Upon entering the German market last year, we learnt from both current and prospective clients about the type of features and coverage they needed to be successful. As a result of this feedback we rolled out business accounts as standard for many of our institutions, including Commerzbank, Sparkassen, Volks- & Raiffeisenbanken. In addition to that, we added periodic payment functionality, to ensure our clients had the full suite of payment types for all of their Germany coverage and most recently, we’re in the process of adding [bulk payments](https://www.yapily.com/blog/open-banking-bulk-payments/) functionality. Bulk payments will be specifically useful for payroll solutions and invoice management/accounting software.

### What to keep an eye on:

Bafin have recently approved PSD2 APIs, meaning it will become mandatory to use the approved APIs instead of legacy interfaces like FinTS. It is expected that Bafin will approve further APIs soon, which will accelerate the adoption of modern Open Banking infrastructure.


Germany market update

The latest German market update from Yapily. When we initially developed a foothold in the region, we understood the fragmented banking landscape within Germany and we wanted to further expand our coverage to help serve our customers better.

__London, 29 April 2021:__ New data, released by Yapily, the leading Open Banking infrastructure provider, finds all of the UK’s major retail banks have made significant improvements in [Open Banking API](https://yapily.com) response times over the last 12 months since Q1 2020. 

The data was compiled by Yapily through its [Open Banking infrastructure](https://yapily.com) and monitoring tools. It provides tangible proof that the UK’s high street banks are making positive strides to close the gap on the challenger banks and meet the demands of UK businesses and consumers by providing the Open Banking services they want and need to confidently recover and rebuild in the coming months. 

__UK banks % improvements in API response time from Q1 2020 to Q1 2021:__

- AIB: 63% faster
- Barclays: 50% faster 
- First Direct:  19% faster
- Halifax: 16% faster
- HSBC: 14% faster
- Lloyds: 21% faster
- M&S Bank: 52% faster
- Natwest: 39% faster
- RBS: 41% faster
- Santander: 22% faster

Since Q1 2020, Yapily has seen the number of Open Banking payments increase by 365%, on average, every quarter. This exponential growth in payments made through Open Banking APIs is tangible proof from the market that supports research predicting over two thirds (64%) of UK adults will be adopters by 2022, along with 71% of SMEs. 

Yapily’s data has also found the average API response time for UK retail banks has improved by 22% since Q1 2020 - speeding up from 693ms to 538ms in Q1 2021. This reflects the investment made by banks into enhancing their Open Banking APIs to meet growing demand from digital natives who expect nothing less than fast, secure and digital-first services from financial institutions. The positive strides made by the market as a whole demonstrate the UK’s retail banks are not content to be left behind as the challengers race ahead when it comes to customer experience. 

__Stefano Vaccino, CEO of Yapily comments on the data,__ “Our data, along with recent investment into the market and clear directives from regulators on the future of Open Banking and Open Finance, provides clear evidence there is significant confidence in the market. It’s undeniable that we are seeing, and will continue to see, exponential growth in Open Banking adoption. 

“Open Banking is the first step on the road to Open Finance, where open access has the potential to revolutionise how we live whether it’s paying for our shopping and utilities or managing our money or setting up a business. Over 3 million UK adults are now activity engaged with Open Banking solutions according to the OBIE to help get a better handle on their financial wellbeing. We’re excited to be at the forefront of this open financial revolution.”

For live updates on the performance of the bank’s APIs, [see here](https://apiscore.yapily.com/). 

---

__About Yapily__

Yapily is an Open Banking infrastructure provider, allowing companies to seamlessly access financial data and initiate payments. Designed and built for Open Finance, Yapily enables better and fairer financial products for everyone.

The company has raised $18.4m in funding to date, and provides infrastructure for industry leaders including American Express, Intuit Quickbooks, Moneyfarm and BUX. Headquartered in London, UK, Yapily employs over 90 people and continues to scale rapidly.


Yapily API data shows increased Open Banking adoption

New data, released by Yapily, the leading Open Banking infrastructure provider, finds all of the UK’s major retail banks have made significant improvements in Open Banking API response times over the last 12 months since Q1 2020. 

__London, UK, 27 April 2021:__ [Osu](https://www.payosu.com/index.html), a new invoicing and payment-app for the self-employed, has today announced its partnership with leading Open Banking infrastructure provider [Yapily](https://yapily.com). The partnership will see Osu provide self-employed professionals with a way to receive payments without fees or settlement delays.  

There are four and a half million self-employed professionals in the UK and until now, many of these businesses have had to rely on time-consuming payment processes riddled with frustrating issues to manage their day-to-day finances. At a time when the self-employed are already taking a hit due to the pandemic, eliminating the cost of getting paid and automating tasks such as sending invoices, accepting payments, and chasing customers is critical to managing their cashflow. 

Through harnessing Yapily’s [Open Banking infrastructure](https://yapily.com), Osu is enabling a seamless payments experience for its customers. By building it’s payment request flow on top of Yapily’s API infrastructure, rather than integrating with a card-based payment service provider, Osu removes traditional pain points affecting the self-employed when it comes to payments, such as high fees, settlement delays, and error-prone bank transfers. 

Osu, which launched in 2020, gives freelancers and the self-employed access to cutting edge payment tools. Through its easy-to use payments app, Osu lightens the load for self-employed professionals across the UK, taking care of their business and helping them achieve more for their efforts: more earnings, more time, and more opportunity to build. A virtual PA working behind the scenes for the self-employed who aren’t big enough to have wider teams. 

To date, the Osu app has helped over 1,000 self-employed professionals build and grow their operations, assisting them to successfully accept hundreds of thousands of pounds worth of payments. With a recent seeding round raising more than £2m, Osu now plans to increase its customer base to 10,000 active users by the end of 2021.

__Noam Nevo, CEO & Co-founder of Osu commented,__ “Our aim has always been to help the self-employed and empower them when it comes to managing payments - which in the current climate is more important than ever. Many of our customers are one-man bands or micro-businesses without dedicated finance or admin teams. Our app allows the self-employed to receive payments without fees or settlement delays so that they can carry on with their day-to-day with no worry of losing out on vital funds. Yapily’s infrastructure enables this to happen, so it was a no-brainer to partner with them.”

“We’re planning on introducing a host of new business management features this year, and with support from Yapily, we believe our offering will continue to make life easier for the self-employed  as they look to rebuild from a challenging year.”

__Stefano Vaccino, CEO of Yapily said,__ “This partnership is an exciting development for Open Banking and demonstrates the benefits our infrastructure can bring to the changing - and growing - landscape of the self-employed. 

“The past year has been exceptionally challenging for the self-employed, so providing them with the right tools to alleviate financial stresses is critical for supporting their recovery. Open Banking removes hidden payment fees and allows these professionals to focus their time and effort on doing what they love.

“Our partnership with Osu very much aligns with our mission of driving financial inclusion. We’re looking forward to how this partnership develops into other innovative solutions that will, no doubt, prove invaluable to business owners.”

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__About Yapily (yapily.com)__

Yapily is an enterprise connectivity provider, allowing companies to share financial data and access payment infrastructure. Designed and built for Open Finance, Yapily enables fairer and better financial products for everyone. 

The company has raised $18.4m in funding to date, and provides infrastructure for industry leaders including American Express, Intuit Quickbooks, Moneyfarm and BUX. Headquartered in London, UK, Yapily employs over 80 people and continues to scale rapidly. 

__About Osu (osu.com)__

Osu is a subscription-based invoicing and payment app for the self-employed. With instant payments, zero transaction fees, invoicing, automated reminders, and more features coming soon, Osu is helping empower the self-employed to take better control of their payment management. Users receive a 30-day free trial of the Osu app with no commitment and no need to provide any card details. After 30 days, they have a choice of 3 monthly plans of £4.99 (Lite), £9.99 (Standard), or £19.99 (Pro).      

Osu and Yapily enable the self-employed to focus on growth by eliminating payments fees, in new partnership.

Osu, a new invoicing and payment-app for the self-employed, has announced its partnership with leading Open Banking infrastructure provider Yapily. Providing self-employed professionals with a way to receive payments without fees or settlement delays. 

__London, UK, 20 April 2021:__ FinTech scale-up AccessPay is pioneering a new Treasury solution for corporates, using [Open Banking](https://yapily.com). Enabled by Yapily, a leading [Open Banking infrastructure](https://yapily.com) provider, it will provide thousands of UK businesses real-time visibility into their cash position and transaction flows.

The integration enables AccessPay users to connect and aggregate their entire corporate banking estate at the click of a button. This not only reduces the friction of using multiple systems, but significantly decreases the time-to-value for corporates from months to minutes. The ability to join together data from multiple connectivity channels, means AccessPay can deliver a global solution, whilst enhancing the user experience within the EEA.

Until now, some corporates relied on outdated and manual processes to reconcile payments and manage cash across several company accounts. This presented costly challenges when monitoring financial performance and cash management. As the world economy recovers from the impact of Covid-19, treasury teams need one centralised place to access reliable, secure financial data to support their businesses. 

Harnessing Yapily’s Open Banking infrastructure, AccessPay has expanded its cash management product to thousands of mid-market and enterprise businesses. This is the first use-case of Open Banking in corporate cash management to be brought to market and demonstrates how tech innovation is creating better services for businesses.

The collaboration between these two UK-based FinTechs will enable thousands of treasury and finance teams to make more informed financial decisions, as well as establishing reliable, automated processes around reconciliation, payroll and forecasting of company cash.

Yapily’s infrastructure will provide AccessPay’s customers, such as ITV, NSG and Imperial College London, with access to real-time banking data. This removes the need to manually download data using spreadsheets, which is error-prone, time-consuming and costly. Surfacing the transaction data that treasury operations teams need to successfully support their businesses in making the right financial decisions, within one single view. 

__Winston Pearson, Senior Product Manager at AccessPay said:__ “We are delighted to be working with Yapily, another fast-growth FinTech, to drive digital transformation in the corporate space. 

“Businesses and banks simply aren’t as connected as they should be in today’s global business landscape. Treasury and finance teams, the driving force of today’s corporate operations, need one central place to automate banking operations for complete visibility and control.

“With Yapily’s support and guidance, we’re able to expand our cash management solution to more of the market at this pace and scale. The integration has transformed a cumbersome process into a frictionless data flow for our customers. 

“Thanks to Yapily’s industry-leading infrastructure and strong relationships with banks across Europe, we’ve been able to deliver a solution previously reserved for the few, to the masses.”

__Stefano Vaccino, CEO of Yapily said:__ “Leveraging our Open Banking infrastructure in this way has enabled AccessPay to move faster and disrupt the corporate business landscape. This is an exciting development for Open Banking and demonstrates the benefits the technology brings to the ecosystem. 

“Through partnering with AccessPay, we’re continuing our mission to expand the reach of Open Banking to a wide range of businesses. We look forward to developing our partnership with AccessPay and helping them continue to scale to new heights.”

AccessPay’s cash management service, enhanced by Open Banking, has been launched to the mid-market in the UK, and a broader European roll-out is planned later this year. 

---

__About [Yapily](https://yapily.com)__ 

Yapily is an Open Banking infrastructure provider, allowing companies to seamlessly access financial data and initiate payments. Designed and built for Open Finance, Yapily enables better and fairer financial products for everyone.

The company has raised $18.4m in funding to date, and provides infrastructure for industry leaders including American Express, Intuit Quickbooks, Moneyfarm and BUX. Headquartered in London, UK, Yapily employs over 80 people and continues to scale rapidly. 

__About [AccessPay](https://www.accesspay.com)__

AccessPay specialises in automating corporate banking operations. The platform is used by thousands of companies, banks and other FinTechs to automate their global payments, collections, and cash management processes. With 80 staff based in Manchester, AccessPay is one of the fastest growing B2B FinTechs in the UK.


AccessPay and Yapily partner to re-define corporate cash management

FinTech scale-up AccessPay is pioneering a new Treasury solution for corporates, enabled by Yapily, a leading Open Banking infrastructure provider. It will provide thousands of UK businesses real-time visibility into their cash position and transactions.

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