Yapily will enable Adyen to deliver a streamlined onboarding experience for customers while strengthening their account verification processes. Merchants that use Adyen’s services can now welcome faster, more seamless, and highly secure onboarding experiences.

Founded in the Netherlands nearly two decades ago, Adyen is a pioneer in European fintech. Their vision of delivering a truly accessible European payments platform that enables seamless cross-border transactions and accepts multiple payment methods has seen them grow into one of Europe’s largest ever fintechs. And they now serve some of the world’s biggest companies, including eBay, Uber, and Just Eat.

Adyen’s decision to choose Yapily for data services is a real testament to the quality and coverage of our platform. Beyond onboarding and account verification use cases, this collaboration has the potential to expand further into additional open banking-driven services, including creditworthiness assessments for loan decisions and beyond. Adyen will start going live with Yapily’s Data products from January 2025 in various European regions which will be both embedded into Adyen’s Open Banking product and offered via a standalone solution.

Stefano Vaccino, CEO and founder of 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 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 its flexibility and expertise in business account connectivity. Together, we are optimally positioned to drive substantial progress within the Open Banking ecosystem.”