Truelayer reveals new Dublin HQ for European expansion

Open banking infrastructure provider TrueLayer has been authorised by the Central Bank of Ireland (CBI) as a payments institution and launched a new European headquarters in Dublin as it gears up for further growth on the continent.

Becoming a recognised payments institution means the company can offer payment processing services.

Truelayer, which has an overall corporate headquarters in London, will see former WhatsApp and Facebook executive, Joe Morley, TrueLayer’s vice president and general manager for Europe and its newly appointed chief operating officer for Europe, Leigh-Anne Cotter lead the Dublin base.

In Europe, it says it now offers more than 90 per cent coverage of all major European markets and accounts for more than half of all open banking traffic in the UK, Ireland and Spain.

The choice of Ireland for its European HQ  was in part motivated by Dublin’s growing status as both a financial and tech hub.

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Source: Truelayer reveals new Dublin HQ for European expansion – AltFi