Yapily Data

What Yapily Data is

Yapily Data is an Open Banking API for retrieving bank-held financial information after users give consent. It can return account details, balances, transactions and identity information, as well as direct debits, scheduled and periodic payments, account statements and statement files. Consumer, business and corporate accounts are supported, with multi-entity support. Yapily standardises the information it receives, and says one integration can connect to more than 2,000 banks across 19 countries. Data refresh is real time.

The bank connection can be embedded in a customer’s application, with customer-facing screens hosted and controlled by that customer. Users choose a bank and authorise access through the institution’s required flow, including redirect flow. Use cases include personal finance management, financial profiling, reconciliation, credit risk assessment and affordability decisions. An optional Data Plus add-on provides transaction categorisation and enrichment. Yapily says the API uses bank-grade encryption and OAuth2, and that Yapily is ISO 27001:2013 certified. Implementation assistance includes documentation, ready-made tools and expert support. Accessing AIS requires AISP registration unless the customer uses Yapily Connect to access the service without a Third Party Provider licence. Yapily is headquartered in London; pricing is tailored to business needs and available by contacting its team.

Who it suits

Yapily Data suits businesses building financial applications or workflows that need consent-based bank data, including finance management, reconciliation, profiling, credit risk and affordability use cases. It is also relevant to teams that need data across consumer, business or corporate accounts and want to control the embedded customer-facing experience.

Limits

AIS access through Yapily Data requires AISP registration unless using Yapily Connect. Transaction categorisation and data enrichment require the Data Plus add-on.

Getting started

1. Visit the Yapily Data product website.
2. Contact Yapily’s team to discuss tailored pricing.
3. Arrange access to the Open Banking API and choose a supported connection flow.
4. Set up customer bank selection and authorisation in your application.
5. Register as an AISP for AIS access, or use Yapily Connect instead.
6. Add Data Plus if you need transaction categorisation and enrichment.

Verdict

Choose Yapily Data if your application needs real-time, consent-based bank information across supported account types and geographies. Its standardised data and embedded connection model suit customer-facing financial services. Consider the AISP requirement and contact-based pricing when assessing fit.