Sunday, November 10, 2024
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TrueLayer: Rolls out onboarding product powered by open banking APIs

TrueLayer: Rolls out onboarding product powered by open banking APIs

  • TrueLayer announces the launch of the UK’s first-ever automated onboarding product using open banking APIs
  • The first in a new generation of services built using open banking technology
  • Signup+ combines account creation with making a payment to streamline the signup process
  • It uses bank-sourced data to verify a customer’s name, address, and date of birth in seconds to speed up KYC-compliant onboarding
  • Funds are instantly available in the customer’s account so that they can get started using a service
  • Businesses who have already signed up to use the product include Remitise, Tiger Brokers, PayItMonthly and StakeMate

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