Our most precious resource is time. That's why we are always looking for ways to give it back to you. Open Banking technology is designed for a digital and on-the-go world, where controlling and having a global view of your finances is easier than ever.
On January 1, 2021, a new directive called PSD2 (Payment Service Directive 2) was implemented in most EU member states.
This includes a wide range of regulations to improve security and drive innovation in electronic payment services. One of these standards allows banks to connect with Third Party Providers (TPPs) through APIs. This is the famous Open Banking concept.
To connect with your bank, HeyTrade works with Truelayer, a global platform that securely connects your bank account to our app.
Although Open Banking is a relatively new concept, it is revolutionizing the way personal finances are managed. In HeyTrade's case, this technology allows you to start trading faster, without having to wait the 2 to 3 days that transfers usually take.
We hope this information has been useful to you. If you have any questions, please contact us through our chat system, or drop us an email at firstname.lastname@example.org. We will be more than happy to help you! 😊