Banks Europe

Yolt Technology Services partners with Jortt to provide PSD2 services to the online accounting platform

Accounting software provider Jortt has enlisted leading open banking provider Yolt Technology Services to incorporate Account Information Services into its business

Yolt Technology Services (YTS)https://yts.yolt.com/, the leading European open banking provider, has been chosen by Dutch accounting software provider Jortt to provide API technology to power its services.

By choosing YTS’ PSD2-compliant API solutions and investing in open banking technology, Jortt will be able to automatically fetch transactions and balances for SME businesses using its accounting software. YTS’ Account Information Services (AIS) integrations will remove the need for Jortt’s 40,000 users to repeatedly download and re-upload MT-940 or CSV files. This will give users the most up-to-date picture of their business’ finances in real time, saving time, reducing costs, and increasing precision across the process.

With the unified YTS API, Jortt will no longer need to build and maintain connections with individual banks and all information will be received in a simple, standardised format.

YTS’ latest partnership with Jortt is part of its ongoing commitment to helping like-minded businesses experience the potential in open banking technology and the transformative impact it can have on business efficiency, cost reduction and the front end user experience.

Hilco de Roo, Chief Executive Officer at Jortt, commented:” 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.”

Leon Muis, Chief Business Officer at YTS, commented: “I’m thrilled Jortt has chosen YTS as a partner to support its open banking strategy, and I’m confident our API technology will be truly transformational for the business and its customer base. Increasing security and value-added services are core components of YTS’ offering, and we look forward to working closely with Jortt to deliver increased value and a seamless digital experience for its users.”

Author

  • Editorial Director of the The Fintech Times

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