Open banking technology provider Yolt has been granted a PSD2 license from the Dutch central bank De Nederlandsche Bank (DNB).
The license will allow the technology vendor to offer open banking services independently across the European Union.
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In February this year, Yolt secured its PSD2 licence from the UK’s Financial Conduct Authority (FCA).
The two licenses allow the fintech to offer open banking services in the UK and EU positioning it as a key player in the market.
Earlier, Yolt provided these services through its shareholder ING’s PSD2 licence.
Yolt claims to offer access to over 600 banks across Europe with 95% coverage in the UK and 90% in most countries.
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By GlobalDataAdditionally, its clients have access to cash flow analyser tools, account information services and open banking payments.
Recently, Yolt revealed its plans to pull the plug on its consumer-facing smart money app to focus on open banking.
At the time Yolt CEO Nicolas Weng Kan said: “Our mission has always been to accelerate the adoption of open banking.”
At the start of this year, the Dutch central bank issued a PSD2 licence to open banking platform ibanXS.
Founded in 2019, the platform is said to be connected to over 1500 European banks across 22 countries.
Last month, payment technology giant Mastercard acquired open banking technology provider Aiia to enhance its capabilities.
Mastercard stated that Aiia’s API is connected to over 2,700 banks across Europe.
