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Overview
TrueLayer is an open banking provider covering both account data and payment initiation across the UK and Europe on PSD2 rails.
Products include account information, instant bank payments, payouts and refunds, account-holder verification, and variable recurring payments in the UK. The user authorises access in their own bank's app or web flow, so the authorisation experience is set by the bank rather than by the integrator.
Common use cases
- Take an instant bank payment instead of a card payment
- Read account and transaction data under PSD2
- Verify the name on a bank account before payout
- Set up variable recurring payments in the UK
Key Features
- PSD2 account information across UK and EU banks
- Instant bank payments (payment initiation)
- Payouts and refunds over open banking rails
- Signup+ for verified account-holder onboarding
- Data enrichment and categorisation
- Variable recurring payments in the UK
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