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TrueLayer and Freetrade form Open Banking relationship

Source: TrueLayer

TrueLayer​, the leading technology company building financial infrastructure that’s open to any business, anywhere in the world, today announced its collaboration with ​Freetrade​, offering new capabilities to its more than 200,000 customers.

Freetrade is an award-winning, commission-free investing app, with a mission  to get everyone investing. In line with its goal to create an easy-to-use app,  Freetrade has implemented TrueLayer’s Open Banking Data and Payment  APIs.   

Using TrueLayer’s platform, Freetrade customers can easily connect their  primary bank account to the Freetrade app, offering quick and secure funding  using Payments Initiation. This dramatically improved process allows Freetrade  customers to fund their account with confidence and make timely investment  decisions.   

Francesco Simoneschi, CEO and co-Founder of TrueLayer, commented:  “ ​ We’re delighted to work with an innovator like Freetrade, supporting it to  continually improve its investment platform. At TrueLayer we believe money  should be able to move fast and securely and streamlining the payments  process makes a tangible difference to consumers. Freetrade’s customers now benefit from faster, highly secure transfers using Payments Initiation. That  gives them real peace of mind that they can fund their selected account,  make agile investment decisions and proactively build their portfolio.”   

Adam Dodds, CEO of Freetrade, added: “Open banking integration is an  essential step on our mission to get everyone investing, allowing customers to  add funds seamlessly and with confidence. Partnering with TrueLayer, we’re  pleased to be able to offer our customers a dramatically improved account  funding experience. TrueLayer’s innovative technology is enabling us to  introduce and optimise a seamless funding experience that will further help  our customers meet their financial goals.”  

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