• Yolt Technology Services has reached 1 billion open banking calls following its expansion across Europe.
• Usage of YTS’ API will likely accelerate further, though financial services players’ in-house developments could pose a challenge to growth. 
• Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here.

YTS has surpassed 1 billion API calls—single uses of its API—experiencing 10% month-on-month growth in the past year, per AltFi. Launched in 2017 by ING Bank, YTS provides financial institutions (FIs) and tech firms with three services, underpinned by API technology: account information services, payment initiation services, and data enrichment.

Business Insider Intelligence

YTS’ growth is down to its expansion across Europe, with the coronavirus pandemic further boosting use of its infrastructure.

• YTS expanded its coverage throughout Europe. It announced back