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TrueLayer

TrueLayer’s open banking platform empowers iGaming operators with a complete digital payment solution – combining one-click player onboarding with instant deposits, limitless winning withdrawals, secure account verification, and affordability checks. All customisable within your platform.

This secure, cost-effective solution enables iGaming operators to deliver a superior player experience that is higher-converting and reduces risk associated with fraud compared to cards and other payment methods.

Founded in 2016, TrueLayer provides open banking payment and data services across Europe, and is trusted by leaders such as Leo Vegas, Smarkets, Revolut, Bambora, Trading 212, and more.

truelayer.com/industries/igaming

Products & Services

  • PayDirect - A complete payment solution combining one-click player verification with instant payment deposits and withdrawals.
  • Instant bank payments - Player deposits and withdrawals that settle instantly, save you 80% on fees vs. cards, and convert 40% higher than cards.
  • Affordability checks - Analyse real-time data from your player’s bank, such as balances and transaction history, to identify at-risk players and put spending caps in place.
  • Account and identity verification - Instantly verify account ownership and identity based on what’s on file at the bank. Streamline player onboarding, and accelerate your KYC and AML process.

Industries Served

  • iGaming
  • Payment service providers
  • Ecommerce
  • Cryptocurrency
  • Wealth and trading
  • Digital banks
  • Fintech

Clients Include

  • LeoVegas
  • Bambora
  • Smarkets
  • Revolut
  • Trading 212
  • Moonpay

Client Testimonials

“We identified open banking as a technology innovation that we wanted to look into in 2019 and decided ultimately that this was a strategic choice for us, because of all the good things it brings for the player: the safety and the instant payments, but also the benefits for operators too.

We’ve seen very good pickup – obviously everything that is new takes time to get user adoption, but the adoption we see now is pretty good. Open banking has taken quite a significant part of the share of newly depositing customers. What we’re even more happy about is that the people who have chosen open banking for their first deposit, come back and use it frequently. And not only that, they also show higher average deposits than what we see with cards or wallets.”

– Christian Reinheimer, Group Director Payments Product, LeoVegas

“If you can pay in instantly, you should be able to get your funds out instantly. Other payment options like Visa Direct let you do this, but it’s only applicable to a small portion of customers. Wallets can be instant, but it’s not actually back to your bank account – if you want to use those funds elsewhere you have to initiate the process of getting it back to your bank account. Open banking ‘plus’ through TrueLayer is a no brainer here: it’s money in and out straight away – without the poor UX and operational overheads of manual bank transfers.”

– Natalie Dunne, Head of Payments, PaddyPower Betfair
TrueLayer | Quartz Events Quartz Events

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