Revolut has partnered with financial API provider TrueLayer to introduce open banking for retail and business customers in Ireland. The collaboration marks TrueLayer’s launch into the Republic of Ireland.
„Using our developer console, you can now securely access financial data from the Republic’s largest banks, including the Bank of Ireland, Allied Irish Bank, Permanent TSB, Ulster Bank and Revolut in Ireland. We cover over 90% of Irish retail bank accounts, adding to our coverage in Northern Ireland.”, said Matt Parish, product manager at TrueLayer.
„We are already working with companies like Revolut to bring more innovation to the market. For example, you can now use the Revolut app in Ireland to see all of your balances and transactions in one place, track spending, and set budgeting controls”, adds Matt.
Currently, a customer can only access their Irish bank accounts’ details such as account numbers, balances, and transaction histories through that bank’s own online banking service or app. As a result, customers potentially have reduced visibility of this information, as the only way to see this information regularly is through accessing multiple bank websites or apps.
Joshua Fernandes, Product Owner for Open Banking at Revolut, said: “With the rollout of our Open Banking feature, our customers in Ireland can now view and manage multiple external bank accounts, enabling them to interpret their day to day spending across all of their accounts, with the added benefit of making our offering even more relevant, user-friendly, faster and more cost-efficient for our customers. We’re delighted to see that new legislation such as Open Banking is changing our financial landscape for the better, and I’m proud that Revolut and TrueLayer are at the forefront of this experience.”
„Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”