TrueLayer offer universal APIs that allow companies to access the financial data of their end user and initiate direct bank payments.
TrueLayer were founded on the back of the UK’s Open Banking initiative, to help open data access across the finance industry. They claim to be currently responsible for 65% of all open banking traffic in the UK.
TrueLayer‘s toolkit helps their clients connect to bank data, verify accounts, and access transactions in real time. This is used to develop consumer and SMB applications in the areas of payments, online lending, PFM, robot-advisors, insurance, investment services, p2p marketplaces, and cryptocurrencies.