8.6 C
New York
Wednesday, April 21, 2021
Home Challanger banks Revolut launches account aggregation feature in Ireland with the help of TrueLayer

Revolut launches account aggregation feature in Ireland with the help of TrueLayer

Revolut has extended its open banking feature to Ireland. This feature launched in the U.K. during February. The partnership with TrueLayer enables customers to add third-party bank accounts to your Revolut account.

The account aggregation is now supported by several Irish banks such as AIB, Ulster Bank, Permanent TSB and Bank of Ireland. Revolut and TrueLayer will add support to other banks in the near future. Revolut has a great presence in the Republic of Ireland with about 1 million customers.

Read also: Leaked messages from Revolut’s CEO Nikolay Storonsky address the job cut accusations

Joshua Fernandes, product owner for open banking at Revolut, said: “With the rollout of our Open Banking feature, our retail and business customers in Ireland can now view and manage multiple Irish bank accounts, enabling them to interpret their day to day spending across all of their accounts, with the added benefit of making our offering even more relevant, user-friendly, faster and more cost-efficient for our customers.”

Francesco Simoneschi, co-Founder and CEO of TrueLayer, said: “Our Open Banking platform will provide Revolut’s customers with a much more comprehensive view of their finances, allowing them to exert greater control and oversight.”

“TrueLayer’s mission in Ireland is to provide fundamental support to its world-renowned tech industry as it moves towards embracing Open Banking,” he added.

This all adds up with Revoluts ambition to become a “super-app”. Its goal is to build a user-friendly financial hub for all your financial needs. Open banking is the key to success in this regard.

Check this full article to learn more: Open Banking for Good: reshaping the debt management

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Revolut’s new funding could mean a 10B $ valuation for the company

Revolut is about to step into new fundraising and the new valuation of the company is expected to be at more than $10bn (£7.2bn).

N26 enters the insurance market

N26 is partnering with Simplesurance and launched an "attack on the European insurance industry" and launches first on-demand offer.

How are transfer apps building trust with their users?

For a few years now, consumer attitude towards finance and banking has been changing. A rapid rise in digital consumption has resulted in more technology and innovation than ever before, with total fintech investment in Europe skyrocketing to $58.1bn in 2019.*

Monzo partnered with RAC to enhance its premium options

Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.