Investment platform Trading 212 has implemented TrueLayer's Open Banking technology to deliver an improved investment experience.
The partnership begins with Application Programming Interfaces (APIs) delivering the identification and verification of a user’s primary bank and connecting it to the Trading 212 app. From inside the app, the payments API means users can then quickly and securely fund their investment account.
Trading 212 serves more than 700,000 customers and manages over £1 billion in client assets. Chief executive Nick Saunders commented: “The ability to fund accounts instantly and securely is critical for our users - they no longer need to do manual wire transfers and wait a day or more before funds arrive in their Trading 212 account.”
Francesco Simoneschi, chief executive and co-founder of TrueLayer, added: “A new generation of investors are used to seamless digital experiences in every aspect of their lives, and now expect that in their financial services providers.
"By integrating our platform, Trading 212 has enhanced its offering to meet those expectations by offering its customers a dramatically improved account set up and funding experience, enabling them to invest with confidence.”
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