Yolt, a leading UK-based, open banking platform, was permanently closed down by parent company ING Bank. Following a review of Yolt’s performance, the Dutch banking giant concluded that “it is not feasible to achieve its ambitions with Yolt”. Yolt’s consumer-facing app was also shut down as a consequence of the decision, which previously competed with open banking companies like Plaid and Bud. It appears that ING has decided to completely phase out the brand.
ING Pulls The Plug on Yolt, Shutting Down its Open Banking Operation