Google Cloud Taps Yapily for Open Banking Account Verification Across 11 European Markets

Quick Summary

Google Cloud has selected Yapily to provide automated bank account verification for business customers across 11 European markets. By leveraging open banking infrastructure, Google Cloud replaces manual document reviews with instant, bank-direct data, significantly accelerating the onboarding process for enterprise clients in the SEPA region.

How Does Yapily Streamline Google Cloud Onboarding?

Bank account verification is now integrated directly into the Google Cloud onboarding flow, allowing businesses to confirm their identity in minutes rather than days. By utilizing Yapily’s open banking connectivity, Google Cloud removes the friction of manual document review, which often slows down enterprise scaling. This automated system ensures that bank-sourced data is used for high-fidelity verification across 11 key European jurisdictions.

• 11 European markets covered including Germany, France, and Spain.
• Real-time verification results delivered via direct bank API connections.
• Single API integration providing access to over 2,000 financial institutions.

What Impact Does This Have on European Open Banking?

The partnership highlights the growing enterprise role of open banking beyond simple consumer payments. With over 63 million users in Europe, the ecosystem is maturing into a critical layer for compliance and identity. Yapily’s infrastructure now supports 17% of e-commerce transaction value across the continent, proving that account-to-account data is the new standard for secure business verification.

• 36 million payments per month recorded in the UK alone.
• 2,000+ bank connections maintained by Yapily across 19 markets.
• Profitability achieved by Yapily as it scales its enterprise portfolio.

"Bank account verification is one of the most practical applications of open banking, and seeing it deployed at this scale by Google across European markets is a strong signal of what enterprise infrastructure looks like today. We are proud to be part of it." said Stefano Vaccino, founder and CEO, Yapily.

FF NEWS TAKE:

This move by Google Cloud to embed Yapily’s bank account verification is a massive validation for open banking’s utility in the B2B space. It proves that the technology has moved past the 'hype' phase into essential enterprise infrastructure. By automating a historically manual compliance hurdle, Google and Yapily are setting a new benchmark for digital onboarding speed that legacy cloud providers will struggle to match without similar fintech partnerships.