TrueLayer partners with multi banking app Numbrs for open banking services

Source: IBS Intelligence 2020-07-16

Financial API provider, TrueLayer has partnered with multi banking app Numbrs today in a bid to offer open banking services to the latter’s users in the UK. The integration will leverage TrueLayer’s Data and Payment APIs for enabling Numbrs’ users to combine their external bank accounts in one place.

This is expected to allow customers to manage their savings targets, control automated spending limits, gain analyses for their finances and use Payment Initiation for making payments without leaving the app.

Fynn Kreuz, the Managing Partner at Numbrs, said, “We are excited to release the Numbrs App now to the millions of UK users who are frustrated with their current experience of managing their personal finances. We have created a mobile, fast and very easy way to manage all accounts and even crypto wallets in just one app. The partnership with TrueLayer supports this goal.”

According to the companies, the partnership is expected to facilitate the creation of Open Finance-based tools for providing users with better control and visibility over spending and wealth.

Recently, TrueLayer announced its recent expansion into the Republic of Ireland with Revolut and approval by the Cabinet Office to provide Open Banking services to Government departments. Numbrs also had a full public launch in the UK after the completion of its beta programme.

Francesco Simoneschi, CEO and co-founder of TrueLayer, said, “A lot of people’s wallets are bursting at the seams with credit cards, store cards and cards from neobanks. While this is indicative of growing financial freedom and choice, it also adds a layer of complication to our finances. Add in loans, insurances, and a host of other regular financial commitments and the picture can get quite messy. This is where an innovative app like Numbrs combined with Open Banking can make all the difference.”

“By consolidating accounts in a painless way, and then providing a host of tools to help people budget and plan, Numbrs is helping people to maintain control while they enjoy the freedoms of the financial revolution. We’re delighted to work with Numbrs and look forward to helping them create even more Open Banking based services for their customers.”

TrueLayer

Numbrs

TrueLayer partners with multi banking app Numbrs for open banking services

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