Dutch financial services firm ING is putting weight behind open banking as part of its future business plans. The firm has said a significant part of its future operations will be in creating platforms where consumers can be matched to financial products. The firm's financial management platform Yolt, gives its one million users a comprehensive view of their finances, providing services such as peer-to-peer payments and savings advice. In the Netherlands, there are currently no regulations governing how banks should treat customers who use digital currencies.
Dutch financial services firm ING is putting weight behind open banking as part of its future business plans. The firm has said a significant part of its future operations will be in creating platforms where consumers can be matched to financial products. The firm's financial management platform Yolt, gives its one million users a comprehensive view of their finances, providing services such as peer-to-peer payments and savings advice. The firm has partnerships with insurers, energy companies and pension providers to offer users deals on the platform, receiving referral fees from these partners.