TrueLayer is a global open banking platform. Businesses use our open banking network to securely access financial data and enable instant payments. For example, if you top up your Revolut , Nutmeg , Freetrade or Trading 212 account in the UK or Europe, you’re using TrueLayer in the background. More than half of the open banking traffic in the UK, Ireland and Spain goes through TrueLayer and our payments convert 20% higher than other open banking providers, with services that allow consumers to view their accounts in one place, or pay from their bank without having to enter credit card details. TrueLayer's APIs are fully compliant with UK and European Open Banking standards. TrueLayer will be licensed as an Accredited Data Recipient (ADR) in 2021, and will launch its first Australian API in February 2022. TrueLayer also provides electronic money services to its merchant clients and acts as a technical service provider or intermediary for regulated open banking providers. We are also planning to roll out our agent model in Australia, which helps merchants who are not regulated yet to access open banking, once Treasury finalises rules for doing so.