2024 in review: the key fintech trends of the year
FinTech Futures reflects on the key trends and developments that shaped the fintech sector in 2024.
TrueLayer
TrueLayer reportedly reduces headcount by around 25% to cut costs in push for profitability
City AM reports that TrueLayer cut 71 jobs in September, citing sources familiar with the matter.
TrueLayer extends Series E by $50m amid rising tax losses
The raise comes after TrueLayer’s tax losses rose nearly 40% to £55.6 million last year.
TrueLayer names former Banked exec Lisa Scott as new chief strategy officer
Scott previously served as Banked’s CEO for Europe.
TrueLayer appoints former PayPal director Michael Brown as head of e-commerce
Brown joins the open banking payments network from PayPal, where he was director of UK enterprise sales.
Open letter calls on UK government to boost SME credit access
The letter has been co-signed by Codat, Atom Bank, Funding Circle, Iwoca, Allica Bank, SPRK Capital and others.
2022: Top five payments stories
FinTech Futures takes a look back at some of the year’s top developments and stories in payments.
Social trading platform Naga taps TrueLayer for A2A payments
Naga users will be able to top up their accounts using A2A payments authenticated via biometrics.
European fintechs join forces to make open finance a reality
The OFA wants to usher in an era of open finance in much the same way the EU’s 2016 PSD2 did for open banking.
European open banking platform TrueLayer to shed 10% of workforce
Despite “significant growth” in payment volumes over the last 12 months, the firm is looking to cut 40 employees.
The Credit Thing goes live with TrueLayer’s recurring payments API
The Credit Thing will now use TrueLayer’s recurring payment API for improved customer experience.
FinTech Futures: Top five stories of the week – 6 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
NatWest partners paytechs to offer new payment option via Variable Recurring Payments
The “industry first” deal will allow for transactions to be conducted near instantaneously.
Aussie banking app Douugh taps TrueLayer for open banking data access
Australia’s Consumer Data Right framework enables the sharing of customer data between banks and fintechs.
NatWest and TrueLayer conduct first series of variable recurring payment transactions
NatWest is the first of the nine largest UK banks to conduct VRP transactions in a live environment.
Fintech funding deals globally 20 September – 26 September 2021
Featuring Sorare, MarketFinance, Dapper Labs, Airwallex and TrueLayer.
London gains new unicorn as TrueLayer raises $130m in Series E round
Open banking payments firm raises largest round yet from Tiger Global Management and Stripe.
Open banking – supporting businesses during a critical phase
84% of UK SMEs are frustrated with their current banking experience.
HeyTrade and TrueLayer team for new retail investing app in Spain
HeyTrade and TrueLayer will deliver “a new investment experience using open banking payments”.
UK fintech TrueLayer lands $70m Series D led by NY investor Addition
TrueLayer claims payment volumes have grown by 600 times in the last 12 months.
UK fintech TrueLayer launches its payments API to rival cards
PayDirect claims just a 3.5% payment failure rate.
TrueLayer nabs former Amazon and AmEx exec as new CPO
Ossama Soliman joins TruLayer as its new chief product officer.
Trading 212 integrates TrueLayer’s open banking platform
The API allows users to quickly and securely fund their investment account, using payments initiation.
TrueLayer raises $25 million in Series C funding round
New injection brings TrueLayer’s total raised to $72 million.
TrueLayer and sync. partner up on Spanish expansion
UK-based aggregation platform taps TrueLayer to boost its service.
Truelayer signs payment initiation deal with UK government
The open banking firm has been added to the Payment Acceptance Framework.
Capital on Tap integrates TrueLayer to boost SME lending service
Capital on Tap has also created new services to aid COVID-affected businesses.
Revolut launches open banking for all UK retail and business customers
Its new offering has been built in partnership with TrueLayer.
Tandem Bank signs up TrueLayer for account aggregation
The UK challenger’s 800,000 customers will gain access to their other accounts in-app.
TrueLayer integrates with Revolut to access open banking data
Emma will be the very first integration.
Video: fintech news weekly round-up – 11 June 2019
This week, news about JP Morgan’s Chase, Visa, and more!
TrueLayer gains $35 million investment
Chinese tech giant, Tencent Holdings, led the latest round of funding.
TrueLayer joins with ANNA to offer open banking to SMEs
ANNA hopes to launch further new features in the future.
TrueLayer unveils payments API
UK firm launches it in the name of open banking and PSD2.
TrueLayer launches data API in Germany
Ahead of the one-year anniversary of open banking.
TrueLayer receives $7.5m funding from Northzone
Aided by existing investors Anthemis and Connect Ventures.
Plum first chatbot to integrate Monzo and Starling
Users can link bank accounts without having to share login details.
TrueLayer API right fit for Anorak’s life insurance
“First” application of PSD2 into this market.
TrueLayer integrates with Starling Bank for Open Banking push
TrueLayer can use Starling Bank’s API to securely access financial data.
TrueLayer makes Zopa an open banking player
API developer platform partnering with UK financial services company for launch of products.
