London, UK, 28 March 2024 - Yapily, one of Europe’s leading open banking infrastructure players, has been named as a supplier on Crown Commercial Service’s Open Banking Dynamic Purchasing System (DPS). This designation allows Yapily to bid for open banking services tenders issued by various UK public sector organisations using the Dynamic Purchasing System (DPS).
Yapily’s inclusion in the DPS marks a significant step in its strategy to deliver solutions more widespread across the government and public sector. The company’s innovative solutions for account information and payment initiation are well positioned to enhance the efficiency of financial operations across public sector bodies, contributing to a more transparent and accessible financial ecosystem. By leveraging Yapily’s robust infrastructure, the public sector could access real-time financial data and initiate payments effortlessly, paving the way for more responsible spending and improved financial health assessments.
Yapily is poised to deliver an end-to-end solution to the UK’s public sector. They are a pioneer in bringing sweeping and commercial VRPs to market, and together with their established retail and business payments and data solutions, they can support a multitude of public sector use cases pertaining to consumers and businesses. CCS estimates that the DPS will generate a sales pipeline worth as much as £800m over the next eight years.
Stefano Vaccino, CEO of Yapily, stated, “We are proud to become an approved supplier on CCS’s open banking DPS framework. Our appointment represents a pivotal moment for Yapily to enhance experiences and drive efficiencies whilst also exposing to a high volume of people who will benefit. This will help raise awareness and drive adoption of open banking. We are looking forward to working closely with the UK public sector to introduce efficient, transparent and fair financial services that meet the needs of various organisations and the communities they serve.”
Notes to Editors
__About the Crown Commercial Service __
Crown Commercial Service (CCS) is an Executive Agency of the Cabinet Office, supporting the public sector to achieve maximum commercial value when procuring common goods and services.
To find out more about CCS, visit: www.crowncommercial.gov.uk Follow us on Twitter: @gov_procurement LinkedIn: www.linkedin.com/company/2827044
About Yapily Yapily is Europe’s leading open banking infrastructure platform solving a fundamental problem in financial services today: access.
It securely connects its customers to thousands of European banks allowing them to access financial data and initiate payments. In this way, Yapily enables innovative companies to embed the power of open banking into their products and services, creating better and fairer financial services for everyone.
Yapily’s customers range from disruptive fintechs to industry leaders operating in a number of verticals. It counts Intuit Quickbooks, Pleo, and American Express among hundreds of businesses using its platform today. To date, Yapily has raised $69.4 million in funding and continues to scale across Europe.
To find out more about Yapily, visit: www.yapily.com/ Follow us on Twitter: @YapilyLtd LinkedIn: www.linkedin.com/company/yapily