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TrueLayer Prepping Launch of Breakthrough Payments System for Europe
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TrueLayer Prepping Launch of Breakthrough Payments System for Europe

TrueLayer Prepping Launch of Breakthrough Payments System for Europe

Todd Anderson·
EuropeFintechNews Roundup
·Jan. 30, 2019·1 min read

TrueLayer is currently in public beta testing for their new open banking payments service they bill as a breakthrough for the market; under the new system cash is transferred in a few minutes and the process is done with bank authentication; TrueLayer chief executive and co-founder Francesco Simoneschi tells Banking Technology: “When Open Banking was launched this was the development many people in the financial industry were waiting for. It is a new form of online payments that will add much needed competition and open the door to range of innovative applications.”; the company is beta testing with 12 firms and hopes to fully launch soon. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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