TrueLayer has opened up its new European headquarters in Ireland.
In Brief:
The open banking business has been authorised as a Payments Institution by the Central Bank of Ireland (CBI).
TrueLayer currently operates in 12 European markets.
Joe Morley, VP and General Manager for Europe, and Leigh-Anne Cotter, COO for Europe, will head up the Irish office.
What does this mean?
Like many firms, TrueLayer has established itself in Dublin following Brexit-related trade restrictions making it more difficult to operate between the UK and Europe. Co-Founder Francesco Simoneachi says that Ireland “mirrors” much of the UK’s successful traits when it comes to FinTech, such as a strong regulator and attitude to innovation.
