Open banking service provider Yolt Technology Services has been picked by Dutch accounting software provider Jortt to provide PSD2-compliance API technology.
Through the partnership, Jortt will be able to automatically fetch transactions and balances for SME businesses through its accounting software.
The new account information services (AIS) from Yolt will remove the need for Jortt users to download and re-upload MT-940 and CSV files. This will give users a real-time view of businesses finances, lowering costs and boosting precision.
Following the integration with Yolt, Jortt is no longer building and maintaining connections with individual banks.
Jortt CEO Hilco de Roo said, “We chose YTS as our open banking provider because of its can-do mentality. As of our first introduction, we have been moving forwards rapidly – getting things done! Whether it’s about legal or technical advice, YTS is an experienced partner with a problem-solving approach.
“YTS’ API technology will bring new and improved functionalities to our platform, empowering our mission as a business: ‘fully automating your accounting’. Our focus is on how we can transform accounting so that it meets the highest demands of the entrepreneur of today and tomorrow, and YTS’ open banking services fully match that ambition.”
Copyright © 2018 RegTech Analyst
