TrueLayer, the British fintech giant and Europe’s leading bank payment network, has just strengthened its market position by appointing Basil Bailey to head its Irish subsidiary and European operations. With a European payment institution license and under the regulation of the Central Bank of Ireland, Basil Bailey brings his unparalleled payments industry experience to lead this dynamic growth phase of the company. As TrueLayer reaches over 10 million users and rapidly expands in the e-commerce sector with its bank payment option, the company continues to transform the financial landscape in Europe with its newly inaugurated European headquarters in Dublin.
New Leadership at TrueLayer: Basil Bailey Leads the Irish Subsidiary and European Operations
Open banking takes a new turn with the appointment of Basil Bailey as CEO of TrueLayer Ireland and General Manager of the company’s European operations. Known for his impressive background in the payments industry, Basil Bailey brings valuable expertise at a time when TrueLayer is redefining payment methods through their Pay by Bank solution. His appointment comes in the context of rapid adoption by online merchants. With over 10 million users already acquired, TrueLayer is experiencing significant growth. Indeed, the company, which has processed over $64 billion in payments, recently opened its European headquarters in Dublin, thereby strengthening its presence on the continent.
The Impressive Background of Basil Bailey
Basil Bailey is far from a novice in the field. With a prolific career, he has held leadership positions at JPMorgan’s, Fiserv, and PayPal, solidifying his reputation in the payments sector. As a former Chief Commercial Officer of Orbiscom and after the acquisition by MasterCard, he continued his successful path as Vice President of Global Strategic Alliances. The combination of his years of experience in payments and his leadership skills offers TrueLayer a unique perspective to navigate through the turbulent waters of high-tech finance.
TrueLayer’s Growth Ambitions
TrueLayer has recently been authorized by the Central Bank of Ireland as a payment institution, and has made Dublin its new European headquarters. This strategic initiative supports TrueLayer’s rapid expansion in the European market. TrueLayer’s co-founder and CEO, Francesco Simoneschi, expressed his enthusiasm for Basil Bailey’s arrival, emphasizing that Ireland and Europe represent crucial growth markets. With major brands like Ryanair and Just Eat joining their clientele, TrueLayer continues to expand its influence while enhancing the open banking experience through solutions like payment initiation.
