Partnering with Revolut to give people greater control over their finances
In pursuit of its goal to give people greater control over their financial lives, Revolut has launched open banking for all UK customers using TrueLayer
Putting customers in control of their dataCurrently, bank account details like account information, balances, and transactions sit solely with a customer or business’ individual bank. Consequently, customers have reduced visibility into their financial health, as the only way to see the full picture is through accessing multiple bank websites and apps. This is a fragmented, broken process that leads to unfair fees, expensive overdrafts, and mismatched financial products.From now, all UK Revolut customers will be able to see everything in one place, track spending, and set budgeting controls for their Revolut and external bank accounts.
A unified gateway to balances and transactionsWhen deciding which provider to work with on its Open Banking launch, Revolut chose to work with TrueLayer due to our scalability and superior developer experience.
“The entire process to get up and running and start experimenting with TrueLayer was quick and painless. We found their API was robust and developer-friendly, and we’re already realising the benefits.”
“Delivering a seamless experience to our UK retail and business customers is hugely important for us to convert customers to Open Banking so they can begin to get instant value from the wide variety of new features we are building. Any initiative that enables more people and businesses to embrace Open Banking is good for everyone involved. When our customers say it’s easy to connect their external accounts using the TrueLayer integration, that’s a huge tick for us”