Open banking fintech TrueLayer to open operations in Dublin

Fintech company TrueLayer, which is backed by Chinese tech giant Tencent, has begun hiring for a new Dublin office as part of a greater push in Europe.

The British company develops open banking tools for banks and other fintech companies that allow them to link up services.

It is hiring auditors and legal personnel that will report to an Irish chief executive at the company. The office is expected to be up and running early to mid-next year. TrueLayer declined to comment on how many people will be employed in Dublin.

TrueLayer, which has raised over $70m (€59m), is part of a wave of start-ups in the open banking space. The sector has been driven by the EU payment rules that require that financial services companies allow other firms access to certain data.

This allows banking apps to link up with other services, for example, showing a user’s balance from one bank in another app.

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Source: Open banking fintech TrueLayer to open operations in Dublin – Independent.ie