Fintecture vs TrueLayer Payments
Fintecture
fintecture.com
TrueLayer Payments
truelayer.comSide by side
| Figure | Fintecture | TrueLayer Payments |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 2 | 0 |
| Spec score · Open Banking Payment Platforms | 7.3 (#11) | 7.2 (#12) |
| Company history | Fintecture says it launched its first Open Banking transfers in 2020 after more than two years of research and development. | TrueLayer’s 2024 financial performance report says the company began in London in 2016. |
| Integrations | The maker lists CMS integrations including Shopify, PrestaShop, WordPress/WooCommerce, Magento and Oasis, and offers API integration for websites, mobile applications and business tools. | TrueLayer lists Shopify and Magento plugins and libraries for Java, PHP, C#, and JavaScript/Node. |
| Regulation | Fintecture identifies itself as a payment institution authorized and supervised by the Banque de France and ACPR under number 17248. | TrueLayer says it is regulated by the UK FCA as an Authorised Payment Institution and holds an EMI licence, and that TrueLayer Ireland is authorised by the Central Bank of Ireland. |
| Security | Fintecture says data is encrypted and its servers are hosted in a secure EU data center. | The payment page says customers authorise payments using their bank’s biometric security and that the product adheres to EU and UK strong customer authentication regulations. |
| Support | Fintecture advertises expert assistance and premium support, and its console help article says users can contact support through the chatbot. | TrueLayer says its team provides technical support and dedicated integration sales managers who scope products, run tests and troubleshoot issues. |
| What it does | Fintecture provides bank-transfer payment solutions for businesses, including Immediate Transfer, Smart Transfer and Verified Disbursement. | TrueLayer Payments lets businesses accept Pay by Bank payments directly from customers’ bank accounts. |
Plans
In their own words
Fintecture
Fintecture has no write-up on Specifiction yet; its figures are above.
TrueLayer Payments
TrueLayer Payments lets businesses accept Pay by Bank payments from customers’ bank accounts. Customers authorize payments using their bank’s biometric security; the service says funds leave accounts in real time and arrive instantly. Businesses can view and manage transaction activity in a merchant account. Payment interfaces include hosted or embedded browser pages and mobile SDKs for iOS, Android, and React Native. The Payments API v3 supports payments and payouts in the UK and EU, including merchant-account pay-ins, payments to a beneficiary, refunds, and payouts. A sandbox is available for testing without moving real money. Integration options also include Shopify and Magento plugins, plus libraries for Java, PHP, C#, and JavaScript/Node. API use requires a Console account, and most API features require a merchant account. Ecommerce plugins are available in the UK only. TrueLayer says Pay by Bank can reduce fees and card-related fraud, and that returning customers convert at up to 90%. Pricing is available on request; there is no free plan. The company lists Android, iOS, web, and API platforms.