IMP Software and Yapily Introduces Open-Banking-base Reconciliation to the Education Field

The leading European banking infrastructure platform, Yapily, announced its partnership with IMP software. It is a leading provider of a unified financial management and budgeting platform specially built for multi-academy trusts and the wider education sector.

The open banking infrastructure of Yampil offers direct integration into IMP finance, IMP software’s core finance module, which allows finance teams to connect securely to their bank accounts. It further enables data access with live transactions and automates reconciliation workflow without leaving the system.

According to Precedence Research, the open banking systems market size accounted for USD 32.60 billion in 2025 and is predicted to increase from USD 38.63 billion in 2026 to approximately USD 176.87 billion by 2035, expanding at a CAGR of 18.40% from 2026 to 2035 due to the strict regulatory mandate, government's initiatives, expansion of fintech initiatives, and expansion of API-based ecosystems and embedded finance.

A co-founder and chief executive officer of IMP software said, “What Yapily has built makes it possible for us to do something MAT finance teams have been asking for years: connect directly to the bank and reconcile against live transaction data without ever leaving the platform. It removes one of the most persistent workarounds in MAT finance, and replaces it with something secure, automated, and built for the way trusts actually work.”

The integration is basically built on the API layer of Yapily that serves the security and compliance expectations of the finance sector and eliminates the need for credential sharing or file handling. Thus, payment initiation capabilities are evolving in a way that education finance teams manage, reconcile, and act on their financial data in real-time.

A recent report by Precedence Research highlights that the open banking systems market is benefiting from rapid digitalization that allows seamless collaboration between conventional banking systems with fintech companies and increasing demand for customized financial services globally by consumers.