# Yolt first to connect customers through Open Banking
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-01-30
Category: BANKING
Category URL: https://financedigest.com/category/banking
Meta Title: Yolt becomes first third party provider to connect under
Meta Description: Yolt, the smart money app owned by ING, is the first third-party provider to successfully connect with CMA9 banks under the new Open Banking system. Get more
Tags: featured
Tag URLs: featured (https://financedigest.com/tag/featured)
URL: https://financedigest.com/yolt-first-to-connect-customers-through-open-bankinghtml

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Yolt, the smart money app owned by ING has become the first third party provider to complete a successful connection under the new Open Banking system.

Ahead of the official Open Banking launch on the 13 January 2018, Yolt has been working with the Open Banking Implementation Entity (OBIE) and CMA9 banks to set up APIs that will enable its users to benefit from new services.

The first successful test connection was made on 17th January between Yolt and Lloyds Banking Group, making Yolt the first third party provider to work with a CMA9 current account provider under the new rules.

As [Open Banking’s](https://www.financedigest.com/what-does-2022-hold-for-open-banking-some-predictions-from-the-ecosystem.html "What does 2022 hold for open banking? Some predictions from the ecosystem") managed roll out ends in early March, Yolt users will be able to use the app to see more information about their accounts through Open Banking, giving them more insight and control over their money. This will help make it easy to compare and find the best deals available to them.

This [follows an integration via API with Starling Bank](https://www.financedigest.com/uk-watchdog-contacts-banks-following-huge-withdrawal-of-mortgage-deals-ft.html "UK watchdog contacts banks following huge withdrawal of mortgage deals -FT") last year. Yolt also has partnerships with energy comparison platform, Runpath, and international money exchange FinTech, Moneytis.

**_Leon Muis, COO, Yolt, says:_** “ _We’re extremely proud to announce that Yolt was the first third party provider to successfully introduce an [API in the new Open Banking](https://www.financedigest.com/the-future-of-financial-services-how-apis-are-fuelling-the-rapid-rise-of-open-banking.html "The future of financial services – how APIs are fuelling the rapid rise of Open Banking") environment, designed to provide consumer with more choice and control over their money. We look forward to continue working with other [current account](https://www.financedigest.com/euro-zone-current-account-swings-back-to-a-surplus-in-june.html "Euro zone current account swings back to a surplus in June") providers to give their customers the opportunity to unthink money and enjoy life more.”‎_

**Imran Gulamhuseinwala,** Implementation **Trustee at Open Banking, says:** _“We can confirm that Yolt became the first [third party provider to integrate with a member of the CMA9 earlier this month](https://www.financedigest.com/sentiment-among-german-exporters-falls-for-third-month-in-a-row-ifo.html "Sentiment among German exporters falls for third month in a row -Ifo"). These are the first, small steps [towards genuine revolution in banking](https://www.financedigest.com/deutsche-banks-rollercoaster-ride-towards-more-stability.html "Deutsche Bank’s rollercoaster ride towards more stability") in the UK.”_


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