TrueLayer

TrueLayer is a pioneering enterprise based in Europe, focusing on developing an open banking payments network. It aims to revolutionize the financial industry by simplifying the process of payments, thereby facilitating smooth transactions between banks, individuals, and businesses. Born from the urge to expand the realms of open banking, TrueLayer operates on a robust platform, helping connect brands and big-thinkers across the United Kingdom and Europe. Its products offer the functionality to accept and send instant bank payments on any platform, be it a website or an application.

The company is known for its user-oriented services, which include the optimization of payments through its powerful product offering such as Payments, Payouts, and Signup+. TrueLayer boasts an annualised TPV of $35 billion, exhibiting the massive transaction volume facilitated by its platform. Moreover, TrueLayer's secure platform permits immediate enrolment by authenticating with the user's bank app, eliminating the need for manual card details entry. Significantly, the company also provides an integration toolkit to aid faster building with TrueLayer, including embedded and hosted payment pages, platform plugins, mobile SDKs, and backend libraries.

TrueLayer's role as a facilitator in the financial industry is increasingly essential to drive efficiency and ease of transactions. The company's commitment to future-proof solutions not only echoes through its services but also its tech-forward approach, envisioning bank-to-bank transactions potentially outpacing traditional card processing mechanisms. TrueLayer’s offering can affect several industries, offering streamlined services for E-commerce, iGaming, Financial Services, and Crypto industry needs. Furthermore, TrueLayer's compliance with the UK's Financial Conduct Authority guidelines solidifies their stance on maintaining high security. Thus, TrueLayer is a trusted and innovative player in the open banking field, far-reaching in its beneficial impacts to multiple sectors.

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