Yolt, Digital DRA to help customers tackle debt

Tuesday 21 December 2021 10:40 CET | News

Open Banking provider Yolt has partnered with The Digital Debt Resolution Agency (The Digital DRA), a UK-based start-up aimed at helping people better manage their debt.

This follows on the news that Yolt was closing its consumer-facing smart money app, repositioning itself to focus on B2B clients. Its strategic partnership with The Digital DRA will harness Open Banking payment and data services to improve debt resolution in the UK. Yolt’s Account Information Service and Payment Initiation Service, provided to The Digital DRA, will help customers fill out income and expenditure forms or budget planners, and manage their online payments.

The partnership is built on the belief that Open Banking can help people whose personal circumstances have changed and who need to manage their debt through affordable repayments. A venture of ING, Yolt was established in 2016, starting out at ING Labs as a money management app for retail customers in the UK.

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Keywords: partnership, Yolt, Open Banking, ING
Categories: Banking & Fintech
Countries: Europe, United Kingdom
This article is part of category

Banking & Fintech