Open banking app sync. has partnered with UK banking infrastructure TrueLayer to roll out a smart banking beta for Spanish banks.
Under this partnership, TrueLayer will provide account-to-account payments capabilities to sync..
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This will enable sync. app users to transfer funds to anyone, anywhere, without sharing bank or card details.
TrueLayer updates account data quickly and provide personalized insights into spending to the app users.
Founded in 2016, TrueLayer is backed by venture capitalists like Tencent, Temasek, Northzone, Anthemis, and Connect Ventures, and trusted by major fintechs including Revolut, Crunch, and Zopa.
TrueLayer co-founder and CEO Francesco Simoneschi said: “sync. is a great example of a company that is leveraging the power of open banking to make money work better for consumers, helping them to get a better handle on their finances.”
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By GlobalDatasync. leverages open banking technology to enable its users to send money to other users for free.
Currently, sync. supports several banks and fintechs across the UK.
Through the beta program, sync. will add banks in Spain to its growing list and encourage more customers to use its app.
The company intends to expand into mainland Europe by adding banks such as BBVA, Santander, and CaixaBank to its open banking platform.
It will provide a unified view across all bank accounts, allowing app users to consolidate all their finances.
sync. CEO Ricky Lee said: “Syncing all your finances to manage your money in one app is at the heart of what we do, and TrueLayer enables us to give that vital information to our users.
“We are looking to expand our open banking offering massively in the upcoming weeks and months with more banks, credit card companies, and countries.”
