Airbank and Yapily Partner to Help Users Manage Finances

​Airbank, the next generation financial management platform for European startups and SMBs, has announced its partnership with the Opening Banking infrastructure provider Yapily to help its users manage their finances with ease.

According to the official press release, Yapily's API infrastructure provides Airbank users with a smooth, simple way to connect to more than 1,500 banks across the UK and Europe including Deutsche Bank, Commerzbank, Sparkassen, Volksbanken and neobanks. Airbank selected Yapily for its strong coverage in Europe, with a specific focus on Germany, France, Spain, and the UK. Yapily's European bank connectivity enables Airbank's customers to scale and grow across Europe, delivering forecast visibility anywhere they go.

With the partnerhsip, Yapily will alleviate Airbank's customers from spending time and resources managing their finances - giving them direct access to all the financial and contextual data they need in one tool. Historically, most businesses created budgets and cash flow forecasts in manual spreadsheets which is time-consuming and error-prone. With Airbank, customers save time and costs to focus on value-adding business tasks.

In addition, the partnership also enables Airbank's customers to use its data enrichment platform and transaction categorisation engine to turn the raw data from bank accounts into meaningful and actionable insights.