TrueLayer, Europe’s leading provider of Open Banking and financial APIs, has partnered with business current account and digital admin assistant ANNA Money.
The partnership will enable ANNA to provide its customers with enhanced Open Banking-based services including account aggregation and financial data which will make VAT calculations via its assistant app much faster and easier.
There are also potential plans to integrate TrueLayer’s Payments API into ANNA’s platform. This will enable ANNA’s customers to also make and receive payments via the cheaper, faster and more secure route of payment initiation.
TrueLayer provides an interface between financial institutions and third-party applications over an API. This allows companies to capitalise on new Open Banking and PSD2 rules by providing secure, clear and simple access to banking infrastructure.
Designed for freelancers and small businesses, ANNA provides a business account and debit card, as well as financial admin, invoicing and tax support.
TrueLayer’s work with ANNA is the first in a series of new partnerships the company plans to announce in the coming weeks which cover a range of different industries.
Francesco Simoneschi, CEO and co-Founder of TrueLayer, said: “This partnership is another great example of Open Banking working exactly as it was envisioned. ANNA is now able to offer two additional services that its customers will find incredibly useful.
“We’re looking forward to working closely with ANNA on more integrations which will provide even more services to its customers.”
Nikita Filippov, Chief Product Officer at ANNA Money, said: “Companies from start-ups to the established have engaged Open Banking technology with varying degrees of usefulness. It appears the majority of implementations are doing the basics in allowing access to transaction data from multiple sources.
“By partnering with TrueLayer we’ll be able to offer new, really useful applications of Open Banking.”