Adyen will go live with Yapily’s data products in various European regions which will be embedded into its Open Banking product, and offered via a standalone solution.
Open Banking infrastructure platform, Yapily, has agreed a partnership with PayTech firm Adyen.
The latter says it will use the former’s data features to “streamline onboarding and strengthen account verification, giving even more merchants across Europe a faster, more seamless, secure experience”.
This also marks the beginning of a relationship in which Yapily and Adyen will continue to explore additional Open Banking driven services, including creditworthiness assessments for loan decisions and beyond.
Adyen will go live with Yapily’s data products in various European regions which will be embedded into its Open Banking product, and offered via a standalone solution.
Stefano Vaccino, CEO and Founder at Yapily, said, “Adyen is one of the leading financial technology companies in the world, and their decision to integrate our platform is a testament to the quality and extensive coverage of our API.”
”We’re excited to be helping Adyen deliver solutions that reduce financial friction and improve the customer experience for businesses. Merchant onboarding and account verification are just the tip of the iceberg, and as this relationship grows, we look forward to enabling Adyen to develop more impactful and innovative solutions built on our open banking infrastructure.”
Blanca Ferrero, Global Head Open Banking & Settlement at Adyen, said: “Open Banking serves as a strategic enhancement to our core value proposition, empowering us to develop scalable and innovative use cases across shoppers, businesses, payments, and data.”
“To meet the diverse needs of our merchant base, establishing a global reach for Open Banking services is of paramount importance. Yapily represents a valuable addition to our Open Banking portfolio, distinguished by their flexibility and expertise in business account connectivity. Together, we are optimally positioned to drive substantial progress within the Open Banking ecosystem.”
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