TrueLayer
The open banking payments network.
Overview
TrueLayer is a global open banking platform that makes it easy for anyone to build better financial experiences. Businesses of every size use TrueLayer to pay, onboard, and connect with customers across a secure network. Their APIs provide simple, secure access to payments and financial data.
✨ Key Features
- Payment initiation (Pay by Bank)
- Account information services
- Data enrichment
- Identity verification
- Variable Recurring Payments (VRPs)
🎯 Key Differentiators
- Strong focus on payment initiation
- High conversion rates for returning customers
- Expertise in specific industries like iGaming and crypto
Unique Value: TrueLayer offers a robust and secure open banking platform that excels in payment initiation, providing a seamless and cost-effective alternative to traditional payment methods.
🎯 Use Cases (4)
✅ Best For
- Enabling 'Pay by Bank' at online checkouts
- Verifying user bank accounts during onboarding
- Pulling real-time transaction data for lending decisions
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Businesses requiring extensive coverage outside of the UK and Europe.
🏆 Alternatives
TrueLayer's focus on payments as a primary use case, along with its strong performance in this area, differentiates it from competitors who may have a broader but less specialized offering.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Dedicated Support (Enterprise tier)
🔒 Compliance & Security
💰 Pricing
✓ 14-day free trial
Free tier: 100 active connected accounts and a sandbox with live bank accounts.
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