By Aisling Finn on Thursday 20 August 2020
The fintech chose the destination of its second office for its first foray abroad.
Following the collaboration between the two fintechs, sync. will expand its list of supported banks to include those in Spain.
Ricky Lee, CEO of sync. and former head of product design and strategy at Revolut, 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 and credit card companies and countries.”
While sync. is headquartered in London, the fintech also has an office in Malaga and CEO Lee, who was born in Spain, added: “I’m proud to say our first open banking expansion will be in Spain.”
With TrueLayer, sync. users will be able to see personalised insights into spending across all accounts, credit cards and loans, with information being updated regularly to provide more accurate account information.
Francesco Simoneschi, CEO and co-founder of TrueLayer, said: “sync. is a great example of a company who is leveraging the power of open banking to make money work better for consumers, helping them to get a better handle on their finances.”