Spanish brokerage platform launches open banking payments with Truelayer

Financial API provider TrueLayer has partnered with yet another fintech, this time Spanish investing platform HeyTrade.

The partnership will see HeyTrade’s customers use TrueLayer’s open banking infrastructure to top up their accounts instantly using the fintechs Payments Initiation Service.

From today, HeyTrade’s customers will be able to seamlessly deposit funds in their accounts, helping them to not miss out on investment opportunities because the money didn’t arrive in time.

“As an increasing number of Spanish retail customers look for ways to invest, they have high expectations for how these platforms should work. Providers that don’t offer instant deposits are missing out on an opportunity to develop a deeper and more positive relationship with their customers,” commented Francesco Simoneschi (pictured), CEO and Co-Founder of TrueLayer.

“That is why we’re proud to be working with HeyTrade to bring a new investor experience to the Spanish market, supporting its customers by offering faster, more secure transfers. This also marks another milestone for us as we continue to expand in Europe and we look forward to supporting HeyTrade on its growth journey.”

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Source: Spanish brokerage platform launches open banking payments with Truelayer  – AltFi