Open Banking platform TrueLayer has appointed a new country manager for Sweden as it launches its expansion into the country.

Karl Hagner, a former executive at payments company Adyen, who will be based on Stockholm, will be tasked with defining and managing commercial strategy in the country, alongside TrueLayer’s chief revenue officer Max Emilson.

The company’s expansion in the region comes after the company added connectivity to banks in Austria, Belgium, Denmark, Finland and Portugal through PSD2-compliant APIs.

The London headquartered firm said it has seen demand for its Open Banking platform, comprising payments, payouts and access to financial data, rise in recent months.

Hagner will focus on scaling commercial operations and supporting existing TrueLayer clients to expand into Sweden.

Commenting on his appointment, Hagner said: “Working in the payments industry, I’m fascinated by emerging trends and solutions that merchants will require to deliver the best possible experiences to meet consumers’ changing expectations. It is clear that Open Banking is delivering that, with its ability to solve payments pain points in ecommerce, B2B, wealth and FinTech.”

“It’s also an exciting time to join TrueLayer as it expands. With a strong customer base and proven Open Banking expertise we can support innovative services that will benefit Swedish consumers and businesses.”

Max Emilson, chief revenue Officer at TrueLayer, said: “We are bringing together experts to supercharge our European growth, adding experienced leaders in France, Germany and now Sweden. Karl’s payments and ecommerce knowledge, coupled with his experience of scaling teams in Sweden and Canada will be invaluable to us as we grow in the country.”

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