TradeCore, ComplyAdvantage and TrueLayer partner to bring greater innovation to UK financial services

19 August 2020: Fast growth fintech, TradeCore, has today announced two new partners to its TradeCore platform. ComplyAdvantage, a global technology company transforming financial crime detection, and TrueLayer, a leading technology company building financial infrastructure that’s open to any business, anywhere in the world, to continue its mission to bring greater innovation to UK financial services, join key ecosystem partners to help reduce the time it takes to launch new and exciting fintech propositions.

TradeCore, which launched its new fintech platform last month is on a mission to drive faster innovation within the fintech industry, reducing costs and helping founders, CTOs and product directors to focus on what makes their new fintech stand out.

The partnership will see TradeCore integrate its ecosystem with ComplyAdvantage and TrueLayer, further supporting TradeCore’s creation of a ‘one-stop-shop’ for fintechs. A platform that guides fintechs through the complexity of the sector, including compliance or costly processes and regulatory or licensing hurdles – and reduces overall time-to-market. The new partnerships will strengthen TradeCore platform’s ability to serve anti-money laundering (AML) compliance and open banking solutions.

ComplyAdvantage’s AML infrastructure, enables customers to speed up customer onboarding cycle time, review live financial crime insight and automate manual labor-intensive processes – all of which is available to TradeCore customers. They will then remain compliant through Know your customer (KYC), and are able to optimise all digital opening strategies through harnessing ComplyAdvantage’s API.

“Partnering with companies that are reducing customer friction while meeting their compliance obligations is a key part of our mission at ComplyAdvantage ” says Founder and CEO, Charles Delingpole of ComplyAdvantage.

“Not only do customers have a better onboarding experience, but by taking advantage of automation and best in class data, businesses are better able to identify who they want to work with and can apply a risk-based approach with greater accuracy than ever before.”

TrueLayer has developed market-leading APIs that support firms to build best-in-class digital services and enable developers across any industry to reinvent financial services. Through TrueLayer’s Payments API, TradeCore customers can enjoy the benefits of open banking, delivering a seamless and secure payments experience – transferring money, making deposits and managing accounts – at a much faster pace.

Francesco Simoneschi, CEO and co-Founder of TrueLayer, says: “With this collaboration, using our Payments API, TradeCore can ease a lot of pain points by improving the security, speed and availability of transactions. Ultimately this means TradeCore’s clients can quickly build products and services that offer a highly secure fully integrated payments experience. This has the benefit of reducing operational costs and risk as well as providing an enhanced user experience.”

Stefan Pajkovic, founder and CEO at TradeCore comments: “We want to help fintechs avoid what we call the fintech spiral of death. Whereby fintechs fail to launch due to the complex challenges in compliance, set-up and resources needed to get to market. With support from our partnerships with the likes of ComplyAdvantage and TrueLayer, the TradeCore platform is able to offer credible payment solutions to our customers. Allowing our fintechs to innovate and launch products and services quickly and securely to the market.”

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About ComplyAdvantage

ComplyAdvantage is the financial industry’s leading source of AI-driven financial crime risk data and detection technology. ComplyAdvantage’s mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 500 enterprises in 75 countries rely on ComplyAdvantage to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies. The company actively identifies tens of thousands of risk events from millions of structured and unstructured data points every single day. ComplyAdvantage has four global hubs located in New York, London, Singapore and Cluj-Napoca and is backed by Ontario Teachers’, Index Ventures and Balderton Capital. Learn more at

About TrueLayer

TrueLayer is the leading technology company building financial infrastructure that’s open to any business, anywhere in the world. We enable everyone to benefit from financial technology by making it easy to integrate data, payments, and financial services into any application. Founded in 2016, TrueLayer is connected to major banks globally, backed by leading venture capital including Tencent, Temasek, Northzone, Anthemis, and Connect Ventures, and trusted by some of the biggest names in fintech including Revolut, Crunch, and Zopa.

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