Ntropy partners Yapily to expand data enrichment service in Europe

By Gloria Methri

Ntropy, an AI-powered financial data standardisation and enrichment solution, has partnered with Yapily, the open banking API infrastructure provider, to enrich financial information and transaction data for customers across the UK and Europe.

This partnership will enable Yapily’s customers to easily leverage Ntropy’s financial data and enrichment API to better categorise bank transaction data. This helps reduce manual data entry, improve fraud detection, and enhance credit risk assessment, improving experiences and helping to create better financial products.

Yapily customers with lending and credit use cases can use data enrichment to make better credit decisions, using enriched bank transactions to verify self-reported financial data, easily identify merchants and recognise income and revenues more seamlessly.

Ntropy has enriched billions of open banking transactions for FinTech lenders, financial operations providers, and digital banks. This partnership allows Yapily’s customers across Europe to benefit from Ntropy’s multi-geo and multilingual enrichment capabilities as Ntropy deepens its presence across Europe.

“We are thrilled to collaborate with Ntropy to provide high-quality, enriched transaction data, enabling valuable insights and streamlining financial operations. Together, we will continue to enable better financial products and services for all,” said Stefano Vaccino, CEO and Founder, Yapily

Nare Vardanyan, Co-founder and CEO, Ntropy added, “Yapily is a true infrastructure player and makes open banking possible across Europe via consent-based secure connections. Ntropy was built on the premise that access to data is going to be resolved and what you do with the data is the next big step. Partnering with Yapily we are making this a reality across EMEA unlocking business and consumer data and insights for our mutual customers. We were very impressed by the quality of the data and the coverage from day one and are looking forward to what you get to build on Ntropy x Yapily platform.”