UK-based online investment service Wealthify announced on Thursday it was formed a partnership with Yolt, an ING created smart thinking money app, for an in-app integration.
According to Wealthify, the integration will enable its customers to view their investments within the Yolt money app. This will create what the company believes “a new era of transparency” and enable users to have one holistic overview of their money in one place. Wealthify also claimed this is the first time in the UK that a money app is able to show users investment balance along with other financial accounts including their bank account, credit card, and savings accounts and even pensions.
“Wealthify and Yolt share an ambition to empower users to take control of their finances. We both strive to challenge the way people think about money and help users to make smarter financial decisions in a simple and straightforward way.”
Speaking about the integration, Wealthify’s Chief Investment Officer, Michelle Pearce-Burke, stated:
“We fully support Yolt’s vision of the future of banking: effortless functionality, complete transparency and seamless access to top quality and relevant products and services, providing more choice and information to better enable consumers to make the right purchase decisions. Open Banking offers a game-changing level of accessibility to banking services that is akin to how our proposition is democratizing investing, by breaking down barriers and making information and choice ubiquitous.”
Pearce-Burke went on to add:
“We’re excited to be working in partnership with Yolt to be able to offer their customers easy access to Wealthify investment services through the in-app Marketplace.”