News

UK-based Yapily announces expansion in Lithuania

Thursday 14 January 2021 14:53 CET | News

UK-based fintech Yapily has announced plans to set up the company’s third European office in Vilnius, Lithuania, according to the official press release.

Yapily joins a growing number of UK fintechs including Revolut, Curve, and Square that chose Lithuania as the location for its European hub. Yapily was established in 2017, shortly after the EU’s second Payment Services Directive (PSD2) granted third-party access to customer data of financial institutions. The legislation, which aims to stimulate competition in the financial services market, compelled providers of such services to innovate their API and open banking practices.  

Yapily connects businesses to banks and financial institutions using a single open API. Using the platform, companies can access their customers’ account information and gain a holistic financial view without having to build and maintain hundreds of APIs of their own. Powered by a secure and regulated service, Yapily manages and facilitates the connection to fetch information and initiate payments while ensuring PSD2 compliance.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: UK, Yapily, expansion, Lithuania, fintech, Revolut, Curve, Square, PSD2, API, Open Banking, banks, financial institutions
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Lithuania
This article is part of category

Banking & Fintech