Revolut uses ‘open banking’ to let you aggregate other bank account data within its app



Revolut, the European banking and money transfer app that now claims over 10 million customers, has partnered with open banking API provider TrueLayer to add bank account aggregation features to its app.

The new functionality means that Revolut’s  U.K. customers — both consumer and business — can now connect their external U.K. bank accounts to Revolut, enabling them to see all of their bank balances and transactions, regardless of which of their U.K. bank accounts the data resides in. Known as account aggregation, the feature is designed provide a more complete view of your spending and other transactions, and was one of the early promises of open banking.

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