TrueLayer Prepping Launch of Breakthrough Payments System for Europe

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 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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