London, UK, 30 May 2024 – Yapily*, a leading provider of open banking solutions across UK and Europe, is delighted to announce its partnership with mmob, an embedded finance enabler known for its universal API adaptor. This collaboration aims to simplify and accelerate the deployment of Yapily’s open banking solutions by various firms, with effective technical implementation in just two hours.
This alliance between mmob and Yapily not only accelerates the time to market for deploying Yapily’s advanced open banking solutions but also broadens the potential for more companies, regardless of size or technical capacity, to access these transformative services. Partners will be able to integrate Yapily’s functionalities as fully branded, native solutions, enriching their own offerings with minimal effort and maximum efficiency. Overall, significantly reducing the time for the partner to reach revenue.
mmob’s innovative universal API adaptor fundamentally changes how open banking solutions are deployed. Using mmob’s platform, a comprehensive open banking journey can be constructed from Yapily’s APIs, fully tailored to match a partner’s brand identity, and then integrated as a native, embedded solution within the partner’s digital channels. This integration is streamlined into a single code snippet, with effective implementation in just two hours.
The alternative would require development of the user experience, and the partner would have to manage the ongoing integration themselves. While the direct approach suits entities with substantial engineering resources, mmob’s solution removes barriers for companies with smaller budgets or less technical expertise, broadening access to advanced financial technology.
The collaboration between Yapily and mmob opens up new possibilities for a broader range of companies to leverage open banking solutions, thanks to the streamlined integration process provided by mmob’s technology. Partners will be able to deploy Yapily’s APIs as fully native, embedded solutions within their channels, all customised in their own branding.
Quote from Irfan Khan, CEO & Founder at mmob: “We are delighted to partner with Yapily to enable a wider range of clients to benefit from their open banking solution. Having a large engineering team and the expertise to handle complex technical integrations should not be a prerequisite for integrating the latest payment options for your customers. Together with Yapily, mmob will enable clients to easily embed open banking in just hours, so they can focus on what they do best - running their business.”
Quote from Stefano Vaccino, CEO & Founder at Yapily: “Partnering with mmob represents another positive step in our mission to make open banking accessible to all. This collaboration is about enabling our partners, irrespective of their technical capabilities, to quickly and efficiently harness the power of open banking. We are excited to see how this further accelerates the adoption of open banking.”
*This is a partnership between mmob and Yapily Ltd, which is a technical service provider.
About mmob
mmob is an embedded finance enabler. Its universal API adaptor enables service providers (from insurance and credit, to payments and lifestyle) to integrate within multiple digital channels (like ecommerce platforms, digital banks and marketplaces) through a single snippet of code. Providers can build a journey once with mmob and embed this multiple times with a fully customised pre-built front end for each partner. Deploy embedded services in two hours with just one junior developer.
About Yapily Yapily is Europe’s leading open banking infrastructure platform, solving a fundamental problem in today’s financial services landscape: access. By securely connecting its customers to thousands of banks across Europe, Yapily enables the access to financial data and initiation of payments, fostering innovation in financial services. The company supports a wide range of businesses, from disruptive fintech startups to established industry leaders, helping them to integrate and benefit from the transformative power of open banking. For more information about Yapily, visit: www.yapily.com.