NewTech Friday: Trustly – Offering fast, simple and secure online banking payments

Digital Reinvention
12/07/2024 Interview
profile picture of Oscar Berglund

Oscar Berglund

Trustly

Business Development Europe

Swedish scaleup Trustly is an open banking pioneer and a global payment method. Qorus’ Boris Plantier talked to Oscar Berglund, in charge of their business development in Europe, to learn more about the company that recently announced the launch of AI-powered recurring payments to boost the European subscription economy.

What led to the creation of Trustly?

Several of the Trustly founding team had been working with payments on the merchant side, and had seen first-hand the problems associated with traditional payment methods. The idea, when Trustly was founded back in 2008, was to create a payment solution that would not be based on the card rails, but on those for the bank account instead. The objective is always about convenience for the paying consumer, while instant and without fraud and chargeback problems for the merchant. 

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

ESG
06/09/2024 Interview

NewTech Friday: Cloover – Connecting 1bn people to renewable energy

Jodok Betschart is the Co-Founder & CEO of Cloover, a Berlin-based startup that is building an ecosystem designed to accelerate...

SME Banking
04/09/2024 News

Revolut Business reports annual revenue of €450 million and launches Revolut BillPay

In France alone, the monthly transaction volume processed by Revolut Business reaches €860 million.

Digital Reinvention
04/09/2024 News

Warba Bank launches Kuwait’s first AI-powered personal banking advisor

This innovative service aims to enhance customer service by offering personalized financial advice through advanced artificial intelligence, making Warba the...

Digital Reinvention
03/09/2024 Study

AI at work: Turning AI potential into results

AI holds immense potential for banking, an industry still reliant on manual processes and outdated infrastructure. Generative AI could add...

Insurance
03/09/2024 Article

SWINZ: Powering innovation with InsurTree

In the rapidly evolving insurance landscape, InsurTree is setting a new standard with its innovative, cost-effective solutions designed to empower...

Insurance
02/09/2024 Study

Illuminating insurance innovation: Insights from eight years of Qorus Innovation in Insurance Awards

Innovation will be critical to the future of insurance. The demand for better products, improved efficiency and greater personalization will...

Digital Reinvention
02/09/2024 News

Atlantic Money introduces 'Portals,' challenging SWIFT

This innovative feature eliminates the need for a separate fintech app, providing the convenience of SWIFT transfers but with Atlantic...

Digital Reinvention
31/08/2024 News

Conotoxia app introduces easy price conversion in 26 currencies

The app now allows users to scan prices with their smartphone camera and instantly convert them into any of 26...