Yapily API

Yapily is a London-based financial technology company that provides an open banking API platform that enables third-party applications to access bank account information and initiate payments securely. It was founded in 2017 by Stefano Vaccino, who previously worked at Goldman Sachs, and is backed by various investors, including Lakestar, Holtzbrinck Ventures, and LocalGlobe.

Yapily’s technical infrastructure is built on a microservices architecture, utilizing Docker and Kubernetes to manage containerized applications. It also uses Apache Kafka as a message broker for real-time data streaming between different components of its platform.

To ensure security and data protection, Yapily is compliant with industry standards such as PSD2, GDPR, and ISO 27001. It uses OAuth 2.0 authentication and authorization protocol to secure its APIs and ensure that only authorized applications can access the data.

Yapily offers several APIs to developers, including Account Information API, Payment Initiation API, Confirmation of Funds API, and Data Enrichment API. The Account Information API allows developers to retrieve account information, including balances and transactions, from multiple banks in a standardized format. The Payment Initiation API enables developers to initiate payments directly from bank accounts, while the Confirmation of Funds API verifies whether sufficient funds are available in a bank account before making a payment. The Data Enrichment API helps developers to categorize and analyze transaction data to gain insights into user spending habits.

Yapily has been highly supportive of developers and offers several resources to help them integrate with its platform. It provides detailed documentation, sample code, and a developer portal where developers can access support and connect with other developers working on similar projects. Additionally, Yapily provides a sandbox environment where developers can test their applications without accessing real bank data.

Yapily has not had any notable security breaches to date. However, the company takes security seriously and has implemented several security measures to ensure that its platform is secure and protected against potential threats. It conducts regular security audits, implements security protocols such as two-factor authentication, and adheres to industry standards to ensure the confidentiality, integrity, and availability of its platform.

In terms of future plans, Yapily plans to expand its presence globally and continue to develop its platform’s capabilities. It aims to add support for more banks and financial institutions worldwide and offer new features and services to developers to help them build innovative applications. Additionally, the company plans to expand its team and invest in research and development to stay at the forefront of open banking technology.