Mobile banking firm, Revolut, has added American Express to its Open Banking feature, allowing its retail customers in the UK to connect their American Express and other bank accounts to the Revolut, making it possible to see all of their balances and transactions in one single app.
Currently, a customer can only access their American Express balances and transaction histories through Amex’s own online banking service or app. Having to switch between different apps is inconvenient, especially when many people have multiple accounts.
In addition, retail customers can set budgeting controls for their Revolut account and have a full picture of their spending on their non-Revolut account, giving them greater control over their entire financial lives. Revolut is working on rolling out Amex support to other countries and adding even more banks and credit cards in the near future.