ING to shut down Yolt’s smart money app


Going forward Yolt will focus resources on getting its proprietary open banking solutions into the hands of businesses more quickly

ING

ING to shut down Yolt’s smart money app. Source: pexels.com

ING has announced the repositioning of Yolt to focus on the growth of its open banking technology platform, Yolt Technology Services.

Yolt intends to close its consumer-facing smart money app. Customers don’t need to take action. Yolt will notify them proactively once a final decision has been made.

ING and its businesses continuously evaluate activities, including assessing whether they are likely to achieve the preferred scale in their market within a reasonable time frame. In this context, the evaluation has led to the intended decision to close the Yolt app, which is subject to advice from the works council.


Nicolas Weng Kan, CEO of Yolt

We’ve reported that Brits more confident about household finances but admit they need to save more.

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