FinTech Alliance company Wombat has partnered with TrueLayer to improve its payments infrastructure.
In Brief:
Wombat enables consumers to invest in various portfolios based on themes that suit their values and lifestyles.
It is using TrueLayer’s payments API to enable users to instantly deposit funds.
So far, after a week, 82% of one-off deposits now go through the API.
What does this mean?
This adds to Wombat’s aim of making it as easy as possible for UK consumers to invest their money through a variety of methods, like investment ISAs and its curated Exchange Traded Funds (ETFs).
