Yapily

The Yapily Summer Party 🥳 took place last Friday. From a tug-of-war between the engineering team and others to Cypriot "fetch the towel" games and ultimate frisbee🥏, it was a day full of fun, laughter, and team bonding.

The evening was topped off with a BBQ 🍔 & beer 🍻 with music 🎶 in Regents park. Some colleagues from Lithuania 🇱🇹 referred to it as the Yapily festival!🧑‍🎤 Next Glastonbury? Watch this space 🙈

Huge congratulations to the Yapily Ping Pong 🏓 team for reaching the semi-finals yesterday at the Google Cloud UK 🇬🇧 Ping Pong Cup 🏆

It was an incredible first day at London Tech Week 2024 with a wealth of insights, knowledge sharing and connections.

🎤 The Centre Stage showcased a session on Open Banking & Embedded Finance. Many thanks to Finexos for the key takeaways summary below.

💳 Dina Rudaka moderated the discussion on 'Open Banking & the Rise of Embedded Finance' between ✯ Helen Child ✯ of Open Banking Excellence (OBE), our CEO, Stefano Vaccino and Ben Thirlwall of Stripe:

✴ Looking at the position to lend with transaction data rather than historical data has hugely positive impacts for society. SME lending is particularly exciting for the future, it has been an underserved sector and we can expect to see developments this year.
✴ There needs to be a sustainable commercial model. Premium APIs are the next step and a key opportunity between third-party providers, banks and regulators. Expect Premium APIs to become a reality this year. The difficulty is not technical, its around standards and defining a common practice.
✴ UK open banking standards are used in two thirds of countries that implement standards, helping ensure interoperability. Interoperability is more important than regulations.
✴ Other countries have learnt from the UK as a first mover but also from mistakes and tailored to their local needs. The UK needs to lace-up its trainers to stay at the forefront.
✴ The US standards being developed at present will be different. Keep a watch on what will happen, the UK will be working to ensure interoperability.
✴ It’s important to learn iteratively and engage with regulators. Open banking success will be when we use it twenty times a day without realising it and forget about the name.

2024: The Year Open Banking Payments Converge With Digital Wallets - The World Financial Review In 2024, witness the convergence of open banking payments with digital wallets, reshaping the landscape of financial transactions. Uncover the transformative potential, seamless integration, and enhanced user experiences as open banking and digital wallets align to redefine the future of payments in...

🌍 Yapily and Uncapped have joined forces to democratise access to capital for founders and entrepreneurs to grow their businesses across the UK, EU, and US!

🚀 By integrating Yapily's open banking solutions, Uncapped is enhancing its mission to provide swift, transparent funding. This means entrepreneurs can access the capital they need faster than ever, without the traditional hurdles of financial lending.

💡 Open banking data enables Uncapped to gain deeper insights into client finances, leading to quicker, more informed lending decisions. This aligns perfectly with Uncapped's commitment to helping founders grow their businesses without losing equity or control.

🌐 Yapily's extensive bank connectivity empowers Uncapped to broaden its reach. This makes capital more accessible to diverse entrepreneurs across multiple regions.

Stefano Vaccino, Yapily CEO and Founder, comments, “Our partnership with Uncapped is a testament to the power of open banking in transforming the lending sector. We're excited to see how this collaboration will empower entrepreneurs and drive real business growth across Europe and beyond.”

Piotr Pisarz, Uncapped CEO and Founder, stated "The transition to Yapily reflects our commitment to leveraging the most effective solutions in the market. Their superior technology and responsive support are pivotal in enhancing our operational efficiency and adaptability."

👉 Check out the full release: https://www.yapily.com/blog/yapilys-open-banking-solutions-fuel-uncappeds-mission-to-provide-swift

Yapily's Open Banking Solutions Fuel Uncapped's Mission to Provide Swift Financial Support to Businesses Yapily, a leading provider of open banking solutions, is delighted to announce its partnership with Uncapped, a pioneering fintech providing working capital funding to scaling brands retailers and merchants across UK, EU and US.

Are you grappling with high transaction costs, complex payment processes, or security concerns in your financial operations? What if there's a groundbreaking solution tailored for you?

🚀 Open banking is driving efficiency and innovation in financial services. Whether you're looking to enhance your business operations, or stay ahead of the competition, discover why open banking is increasingly becoming the preferred choice among Payment Service Providers!

👉 Start swiping to find out why PSPs are cutting costs and increasing efficiency with Open Banking!

Welcome👋 to our new open banking partner!🤝

The partnership will provide a faster, more seamless payment experience across Guavapay's new money management app MyGuava.

By harnessing Yapily’s open banking infrastructure to provide a frictionless user journey, Guavapay are enabling a better experience with faster top-ups of GBP 💷 and EUR💶 accounts from supported bank 🏦 accounts.

Read more via the link in the comments👇

NEWS 🗞️ alert: We've teamed up with Payhawk to provide more convenient bank account top-ups through payments and help reinvent business spending by:

💸 Simplifying the payments experience for finance teams
📈 Enabling a faster instant payment experience
🔗 Linking to more than 2000 banks across the UK and Europe

Payhawk users can easily top up their debit accounts and repay their credit accounts from a linked bank account for easy

Read more about our link in comments 👇

Open banking is an incredibly powerful tool for building products and services that cater to the unmet needs of customers.

There’s more to it than just that… Our platform can also be used to build loyalty among existing ones. Here are five ways to do it:
1) Take the pain out of payments 💳 🛑
2) Personalise products and services 🛎️
3) Streamline applications 📱
4) Offer flexible repayment options 🤗
5) Reward data sharing 🎁

Open banking and customer retention: 5 actionable tactics Open banking is a powerful tool for fulfilling the unmet needs of customers... and retaining them in the long term. Here's how.

With fees as low as 0.19%, open banking is improving business profitability while cementing Yotta Pay’s status as an ethically-driven 🌳 payments provider.

Using Yapily Payments,Yotta Pay allows businesses to offer a smooth checkout 🛍️ experience, which is now helping businesses achieve impressive results:
- 💰 Allowed businesses to save up to 90% on operational costs
- 🚀 Improved online checkout conversions by 200%
- 📈 Consistent 100%+ month-on-month growth in open banking payment volumes since launch
- ⏱️ Reduced the time taken for merchants to receive funds from days to minutes.

Find out how in comments 😊👇

As businesses face a growing demand for seamless payment experiences, they’re increasingly turning to their payment service providers (PSPs) for support.

The natural question being asked by is: what’s in it for me?

Quite a lot actually… We have put together a list of 10 ways you could benefit from adopting open banking, including:
🤑 Reducing payment costs
💸Refund within hours
🔒 Increased fraud prevention.

The link to the full article in comments👇

As a founding member of the Open Finance Association, we are really excited about working with the recently formed Open Finance Coalition created by the Centre for Finance, Innovation and Technology (CFIT).

The CFIT was set up following the Kalifa Review of FinTech in 2021 to position the United Kingdom 🇬🇧 as a global leader in financial innovation 🌍

Founding coalition partners include Association of British Insurers, Allen & Overy, Amazon Web Services (AWS),City of London Corporation, Experian, EY, HSBC, IBM, Innovate Finance, iwoca, KPMG, Lloyds Banking Group, Mastercard, MBN Solutions, Monzo Bank, Open Banking, Revolut, Smart Data Foundry, Zopa Bank; as well as the support of the FCA.

We believe that secure and open APIs ⚙️ are key to competition and innovation in the financial services industry. ​

If you would like to help drive the future of open banking 🏦 and open finance, please do not hesitate to contact the Open Finance Association.

Fantastic to see Yapily and a number of our customers featured in the Sifted's Rising 100: The ultimate B2B SaaS startup list, which also includes:
- Moss | Spend smarter 💸
- Juni 🤑
- Weavr.io 💱

The Rising 100 is a 2023 report from Sifted Intelligence that recognises the most promising privately held companies in Europe and Israel building businesses out of software.

The list reflects the times. The number one spot? Taken by a company that provides tools for the chief financial officer; a job that has rarely been more important for a startup’s survival.

Enjoy 😉 Full report in the comments

Happy 😃 happy 🥳 6th Birthday 🎂 to the whole Yapily ! 🎉

We would especially like to thank 🙏 all of our customers for making the last six years a reality 🌳 that was born from an idea 💡at the dawn of 🌅

Looking for inspiration on how to make the most of open banking?

Look no further! We’ve selected the most impactful use cases including the FinTech Futures Best Open Banking Solution in the UK award 🏆 winner, Emma!

Learn how:
- 💪Emma made transferring money easier and more secure with their new P2P feature
- 🪄Yonder transforms access to finance for millions of underserved consumers with their analysis of income and expenses
- 💰Soldo has processed over £6 million in open banking payments, helping thousands of businesses from SMEs to large businesses across the continent.

Discover how you can supercharge your financial strategies with our guide! https://bit.ly/3oS7OJM

20 open banking use cases you should know about Learn 20 innovative open banking use cases, including reduced fraud, tailored financial services, and more. Read now to stay ahead of the competition.

Hot🔥off the press, European Commission's financial data access and payments package announcement! 📣

Read all about it in Nicole Green's, VP Product Strategy, Operations & Policy latest article delving into the details of the PSD3 directive, where she writes that "Exciting times are upon us for open banking 🏦 in the EU 🇪🇺!"

With the announcement of the revised Payments Services Directive ( ) and Financial Data Access ( ) legislative packages we now have concrete proposals for how will move forward and evolve towards . So, what’s in these proposals - and how will it impact the industry?

Find out more below in the comments👇

Go 🏁 Pleo! Launching🚀 Yapily powered open banking wallet top-ups in France 🇫🇷 and the Netherlands 🇳🇱… always innovating and improving the payment experience👏 Way to go Pleo!” Congrats! 🎉

As our CEO Stefano Vaccino said "Payments innovation remains at the heart of the most successful user experience. Pleo’s dedication to improving the ease and speed with which its customers can top-up their wallets 👛 through has been a resounding success, proven by rapid adoption from its user base and continued geo-expansion 🌍"

Full article in comments 👇

Unlike ‘shiny new’ technology that creates a buzz before fizzling out, open banking solves a real problem that’s changing how money flows between consumers, businesses, and across borders. But what does this mean for card networks?

Get the answer to this question and more 👉 https://bit.ly/3OZHO9M

Open banking vs card networks: the future of payments In the digital payments landscape, open banking and card payments are often compared. While open banking won't replace everything about card payments, it can certainly improve its inefficiencies. We explore how in this article.

Open banking is shaping our financial lives in more ways than we might realise. Did you know by 2024 it’s estimated that 132.2 million of us will be using open banking! 🤯

In our latest blog post, we're sharing six products and services that are powered by open banking technology, and trust us, you might be surprised to see what's on the list!

We’re talking about:
📊Accounting software
💼Business banking apps
💰Personal finance management

Check it out now to discover how open banking is transforming the way we manage our finances. 👉 https://bit.ly/3BRce6i

6 products you didn't know were powered by open banking Over half of consumers have never heard of open banking. But many of us already use products and services powered by open banking… we just don’t realise it.

🕵️‍♂️ So, you're on the hunt for an open banking provider? Whether you're just starting or already have a shortlist, it's crucial to find the perfect fit for you. 🤝

📋 Fear not! We've got your back with a complete guide to help you evaluate your options. 💪 Here are some of the areas you should focus on:

1️⃣ Bank Coverage: 🏦
Are they aligned with your preferred financial institutions? Don't settle for less! Ask the right questions and ensure they've got the connections you need 💸

2️⃣ Product Functionality: 🛠️
Can they do the things you need them to do? Dig deep and uncover the secrets of their product offerings. From payment processing to data analytics, make sure their functionalities match your goals. 🚀

3️⃣ Customer Experience: 😍
Will they enable you to give your customers the VIP treatment? The journey matters! Find out what their existing customers have to say. Is their support top-notch? Are they responsive and reliable? Remember, a happy customer is a loyal customer! 🎉

📖 To get the scoop on the right questions to ask in these areas, we've got your complete guide ready! 🎉 It's time to unlock the secrets of finding the perfect open banking provider for your business. 🗝️💼

https://bit.ly/3oxoMNh

Open Banking Buyers Guide Looking for an open banking provider? Here are the questions you need to ask to ensure you get the right solution for your business.

It’s been almost two weeks since Money20/20, can you believe it?

Our team wanted to share with you the key open banking takeaways from Europe’s largest fintech event.

Here’s the low-down on open banking at :
- 🔮 The future of digital payments with , crypto and beyond
- 🤖 How AI, and are disrupting finance
- 🪪 Strong focus on and enablement.

Discover open banking highlights from the Yapily booth in our blog "What’s hot 🔥 in open banking at Money 20/20?" in the comments below 👇

Are you tired of complex payment processes and eager to provide an easy, fast and simple checkout experience for your customers? Look no further!

Open banking offers a range of payment types, each serving a unique purpose. Our guide will assist you in evaluating and selecting the perfect options for you. Here’s a sneak peek of what you’ll find:

😏 Discover how you can provide a seamless payment experience across all touchpoints, whether it's online, face-to-face, or in-app with Yapily Payments

👋 Bid farewell to cumbersome payroll procedures! Submit your entire payroll with just a few clicks, saving valuable time and ensuring an efficient process with Bulk Payments.

🔄 Easily initiate refunds and have them instantly credited to your customer's bank account with Virtual Accounts.

If you're intrigued by the idea of offering open banking as a payment option but aren't sure where to start, this blog post is a must-read.
https://bit.ly/3MV5kSH

The complete guide to open banking payments Open banking has multiple payment types… and they each serve a different purpose. This guide will help you evaluate and choose the right ones for your company.

📲👋 Have you ever downloaded an app, only to delete it shortly afterwards because it was too complicated or confusing to use? Us too. In fact, 90% of us have ditched an app because it didn’t meet our expectations. 😔

From the moment we sign up to the moment we sign out, we expect it to be seamless. And if it’s not, we’ll tell our friends about it. But for service providers, that means one thing must be prioritised: user experience. 🙌

💡 The key takeaway? User experience is everything. Open banking could be your secret weapon, check out how below 👇
https://bit.ly/3oR45vU

What makes a good user experience, and how can open banking help? Here’s what every business needs to know about user experience in open banking, and how to make the most of it.