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We’ve Expanded to the UK and Enrolled in the Open Banking Directory

Today is a big milestone for Quovo—we’re now officially enrolled in the Open Banking regime as a Registered Account Information Service Provider (RAISP), regulated by the Financial Conduct Authority. The registration, which is applicable across all European Economic Area (EEA) states, makes Quovo the first US-based financial account data provider to join the Open Banking directory. We’ve also opened an office in London to support our growth and operations in the region.

As an RAISP, we serve as a third party provider that enables consumers to share their financial data, permissioned by their explicit consent, with banks and fintech companies. We can now offer account connectivity and data insights to fintech companies and financial institutions in the UK and across the EEA —Just as we have for our partners in North America, such as Betterment, SoFi, Stash, and Wealthfront.

“Giving consumers the ability to access and control financial data is a critical component of Open Banking, and Quovo’s connectivity facilitates that access. Unlike many other RAISPs, Quovo is uniquely positioned between consumers, fintech apps, and financial institutions,” said Lowell Putnam, CEO and Co-founder of Quovo. “As banks across the UK and the EU continue to develop their technology to make customers’ financial data portable, we’re looking forward to partnering with more of the region’s incumbent institutions in the CMA9 and startup newcomers alike.”

Quovo retrieves customers’ financial account data, including account balances, holdings and transactions, cash flow patterns, and account holder details, to provide a holistic view of their finances. Our platform can access customer financial data at all banks with Open Banking-compliant APIs, which include those of the CMA9 (Santander, Royal Bank of Scotland Group, Lloyds Banking Group, HSBC, Barclays, Allied Irish Bank, Bank of Ireland, Danske, and Nationwide Building Society) and UK-based challenger banks, Starling and Monzo.

“Over the coming months, PSD2 regulations will continue to take effect and being an RAISP will support Quovo’s expansion beyond the United Kingdom,” said UK Country Manager Kelley Byrnes. “Our connectivity has the potential to enrich the financial lives of millions of consumers across the EEA.”


Reach out to our team if you’d like to learn more about our connectivity to consumer financial accounts in the UK or EEA.

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