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TrueLayer, which is responsible for about 65% of all open banking traffic in the UK, wants to leverage the Visa partnership to work with a huge network of businesses and banks to develop open banking services and applications to provide tangible benefits to customers.
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“We want to scale open banking to a level where it manifestly impacts every aspect of financial services for consumers,” he says. “[This] requires large, established players to come on board and work with startups like us. Visa has been one of the most successful ‘fintech’ companies ever created, [and] we ultimately have a lot to learn from them.”
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