Here are some sweet stats: 🍩 90% share of checkout 🍩 85% return customer rate 🍩 90% payment conversion With numbers like these, it’s no wonder that cash-back app JamDoughnut loves Pay by bank. And so do their customers. Learn all about our partnership here: https://okt.to/bUXnRA #openbankingpayments #payments #cashbackapp #paymentconversion
TrueLayer
Software Development
London, London 48,623 followers
We power smarter, faster and safer payments for industry leading businesses across the UK and Europe.
About us
TrueLayer is Europe’s leading open banking payments network. We power smarter, safer and faster online payments by combining real-time bank payments with financial and identity data. Businesses big and small use our products to onboard new users, accept money and make payouts in seconds, and at scale.
- Website
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http://truelayer.com
External link for TrueLayer
- Industry
- Software Development
- Company size
- 201-500 employees
- Headquarters
- London, London
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Bank API, FinTech, Developer Tools, APIs, Bank Data, OpenBanking, Fintech, Open Finance, Banking, Payments, and Payments API
Products
Locations
Employees at TrueLayer
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Pietro Bezza
Founder turned VC. Founding Partner at Connect Ventures. Day 0 investor in Citymapper, Typeform, TrueLayer, Oyster, Plain, Dust, Aikido. Focus on B2B…
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Neil Chambers
Senior Engineering Manager at TrueLayer
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Joe Morley
GM Europe @TrueLayer. Chartered director and board chair in financial services. Ex-WhatsApp, Facebook
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David Buddenhagen
Updates
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🎰 Calling all iGaming Operators 🎲 We're teaming up with EGR Global for a webinar on how to master the art of signup success in the iGaming world. Join us and some of our customers to explore: 👉 Where users drop off during signup 👉 Real-world examples of open banking powering onboarding 👉 Enhancing player experience through strategic partnerships Don't miss this opportunity to level up your signup game 💥 Register now: https://okt.to/AD9QHB #iGaming #playerexperience #signup #useronboarding
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On Monday, our CEO Francesco Simoneschi shared his thoughts on the future of growth in fintech at the IFGS opening panel🎙 Yesterday, we welcomed Kevin Hollinrake, Business Minister, to our London HQ 🤝 The Minister stressed the importance of frameworks that support competition, market entry and growth, and pointed to open banking as a prime example. “It’s great to see TrueLayer using open banking to provide cost-effective, payment methods for businesses large and small across the UK,” said Kevin Hollinrake. Luca Martinetti Robert Kerrigan Jack Wilson #fintech #IFGS #openbanking #openbankingpayments #payments
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Our CEO, Francesco Simoneschi, joined the opening panel at IFGS this morning to share his thoughts on the next 10 years of growth in fintech. Spoiler alert: the future's looking big, bright and bountiful. From encouraging entrepreneurial spirit, to providing policy support and early access to capital, and investing in talent, there's lots that can be done. But there's a sense that the UK is in a critical phase and poised to take centre stage in this space. By working together, we'll make it happen 💪💪 Big thanks to Charles McManus at ClearBank, Francesca Carlesi at Revolut, Paul Taylor at Thought Machine, Iana Dimitrova at OpenPayd and Sasha Qadri for making it such an engaging discussion! For those of you attending day two of #IFGS2024, the TrueLayer team are at stand 16 and here to talk to you about everything payments. Come have a chat. #Fintech #InnovateFinanceGlobalSummit Jack Wilson Andrei Cazacu Jana Reid Henry Lee Ben Stafford
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We’re kicking off UK fintech week in truefashion™ by welcoming a new icon to the TrueLayer team. Elizabeth Glover has officially joined the rocket ship (her own words) as our VP of Marketing 🚀💥🪇 With over 10 years in developing global marketing strategies, Liz’s résumé might as well say ‘international trendsetter’. 🌍 She speaks 3 languages 🌏 She’s lived in 6 countries 🌎 She’s led teams across 3 continents And now she’s here. With us. To change the way the world pays. Let’s go, Liz. Excited by doing exceptional? Explore our open roles: https://lnkd.in/eWnG3BSh #talent #lifeattruelayer #payments #careers #marketing
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🤔 Indeed, instant payments will take a bit of time, but not that long since we're not starting from zero. TrueLayer CEO Francesco Simoneschi notes that many banks and payment providers already support real-time payments but some continue to charge their customers high fees for their use, which has slowed down adoption to the point where real time currently represents only about one in six of all euro credit transfers. 💬 “The demand is there from both consumers and merchants. Merchants in particular have been calling for a competitive alternative to cards, and these rule changes will make sure all Europeans have access to real-time payments and won’t be charged a premium to use them.” Some hard facts: 📆 The first big deadline is 9 January 2025 - by which all eurozone banks must be able to accept instant transfers. By this date, end-user fees must also be brought down in line with non-instant transfers. Changes to the ways transactions are screened against sanctions lists also kick in (1x a day and when lists are updated). 📆 The second big deadline is 9 April 2025. By this date, all Member States must amend national laws to allow Payment and E-money Institutions to join payment systems directly. A big, big jolt to competition which continues to be under-appreciated. 📆 The third big deadline is 9 October 2025 - by which banks must be able to also send instant transfers, and implement the new IBAN/name verification system. There's an even longer timeline for non-eurozone banks to implement instant euro transfers too, by 2028. Plenty of time. 🧠 Last but not least, perhaps one big lesson for the future from all of this is to not wait for regulation but get ahead of it by offering your customers the best services possible rather than the bare minimum. You'll not only have happy customers and a thriving business, you'll also be less stressed about regulatory requirements which you may already have covered. https://okt.to/vdUx1L #instantpayments #confirmationofpayee #openbanking
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What’s the secret to delivering a winning signup experience in iGaming? Find out by joining our webinar, co-hosted with EGR Global on 24th April 🎙️ 🔍 Topics we'll explore: 👉 Understanding user drop-offs during signup 👉 Real-life case studies from major operators utilising open banking for onboarding 👉 Collaboration with partners to enhance the player experience Don't miss these valuable insights to help you convert signups into loyal players. Register now: https://okt.to/mCeZPL See you there 🎙️💥 #iGaming #playerexperience #signup #useronboarding
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Whether their thing is tantalising takeaways, once-in-a-lifetime holidays or any of the all-important bits in between — innovative brands are owning their own payment experience 🥡📦👟🎫🪴✈️ At MRC Barcelona, Joe Morley and Lyndsay Skehan, Associate Principal Business Analyst at Just Eat Takeaway.com, will chat about something they both love (and could talk about forever) — customer-centric checkouts. Hopefully, they can keep to the 45-minute slot ⏲️ You’ll find team TrueLayer at stand 101. Pop by to say hi or pre-book a meeting here: https://okt.to/9Fbuai See you in Barcelona 🪇🇪🇦 #MRC #merchantriskcouncil #payments #openbanking #paymentexperience
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Joe had to be in makeup at 6 am for this one ☕️🐓 On Monday morning, Joe Morley joined the BBC's World Business Report with Sally Bundock to chat about the eagerly awaited new EU regulations around instant payments that came into force. Instant euro payments have been around since 2017, but adoption hasn't been widespread due to a lack of availability and high costs. “These new EU rules that have come into place address both availability and cost.” “Bringing together open banking and instant euro transfers offers a very robust alternative to card payments across the European Union,” said Joe. With success in the UK, we’re readying instant payments for ecommerce in the EU. Watch this space 🪇🇪🇺 Back in 2022, we outlined the EU Commission’s proposal and a few missing pieces: https://okt.to/Z7c5qt #instantpayments #payments #openbankingpayments #fintech
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We’re kicking off UK FinTech Week by heading to the Innovate Finance Global Summit on 15 April 🚁🏛 On the morning panel ‘Generation unicorn: CEO perspectives on the next decade of growth’ our CEO Francesco Simoneschi will discuss what lies ahead for the fintech industry with: 🎙️Francesca Carlesi — CEO UK, Revolut 🎙️Iana Dimitrova — CEO, OpenPayd 🎙️Charles McManus — CEO, ClearBank 🎙️Paul Taylor — CEO, Thought Machine You’ll find Jack Wilson, Jana Reid and Henry Lee in the Expo Hall at stand 16, ready to talk National Payments Vision, variable recurring payments and much more 🪇 #IFGS2024 #InnovateFinanceGlobalSummit #UKFinTechWeek #payments #openbankingpayments #recurringpayments #VRP #fintech