Yapily
Description
Yapily: Leading Open Banking Infrastructure
Yapily is a London-based fintech founded in 2017, functioning as a high-performance open banking infrastructure layer. The organization provides a unified API that connects over 2,000 financial institutions across 19 countries. Yapily's primary mission is to enable "frictionless finance" by allowing businesses to securely access financial data and initiate payments directly through their customers' bank accounts.
Key Services and Technology
Yapily's architecture is built on a "bank-to-bank" model, bypassing traditional card networks to reduce transaction costs and increase security. This technical core supports a wide range of modular products, including:
- Instant Pay by Bank: Direct bank payments for immediate settlement.
- Variable Recurring Payments (VRP): Flexible, secure recurring payments.
- Real-time Data Enrichment (Data Plus): Enhanced financial data insights.
Strategic Focus and Market Impact
Strategically, Yapily empowers developers and innovators across sectors such as iGaming, lending, and e-commerce. Its philosophy emphasizes transparency and efficiency, positioning open banking as a robust solution to the complexities of legacy financial systems. With extensive European coverage and a recent partnership with Google for bank verification, Yapily serves as a critical intermediary for enterprises seeking to build modern, data-driven financial experiences.
Products & Services
Open Banking Payments (Pay by Bank)
Yapily provides an API-led infrastructure to embed instant "Pay by Bank" options. This includes Single Payments, Variable Recurring Payments (VRP) for flexible subscriptions, and Bulk Payments for processing multiple transfers in one click. These solutions reduce transaction fees and eliminate card fraud.Financial Data & Enrichment (Data Plus)
This service offers real-time access to comprehensive financial data from over 2,000 banks. Data Plus goes further by providing transaction categorization and data enrichment, helping businesses understand customer behavior, verify income, and deliver personalized financial experiences.Yapily Connect (Licensing-as-a-Service)
For businesses that do not have their own open banking license, Yapily Connect provides a regulated gateway to access PSD2 services. This allows companies to go live quickly by leveraging Yapily's existing licenses in the UK and EU to initiate payments and retrieve account data securely.
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