European banking provider, YTS has revealed it has landed over 80% API coverage across Italy, France, and Spain.
The growth plays a key part in the firm’s expansion strategy in the continent, as it strengthens its capabilities to build, manage and maintain AIS and PIS connections for more businesses across Europe.
Leon Muis, Chief Business Officer at YTS, commented: “We’re pleased to see ever-increasing demand for API connections right across Europe, and we’re excited to be the leading provider fulfilling this need. Businesses are beginning to see the benefits that open banking can bring to their operations, and many are seizing the new opportunities it provides, going beyond existing borders.
“Our ongoing expansion across Europe will help more businesses in different markets and sectors to invest in the future of their business and harness the benefits of open banking. Now more than ever, it’s vital that businesses use efficient technology and create a platform for future growth, and we’re working hard to empower companies to do that.”
This milestone follows the recent news that YTS has reached 95% API coverage in the UK, and 90% coverage in the Netherlands.
It comes as the banking app has outlined ambitions and a commitment to continuing to progress the industry and elevate its connections and value within the sector in Europe. The firm also recently announced a new connection with American Express, which means cardholders can gain an insight into their spending and balance directly within the Yolt app, alongside their other current accounts, savings, credit cards, pensions and other investments.
