About this episode
In today’s episode, Martin speaks with Eline Blomme, who is VP of products at Truelayer. Founded in 2016, Truelayer is a fast growing UK fintech that has become one of Europe’s leading open banking payment platforms. In our conversation, we discuss variable recurring payments, or VRPs for short, which are an important new way to initiate recurring payments via new open banking technology. VRPs offer significant economic as well as social benefits to all stakeholders. VRPs can be used in two different ways — sweeping and non-sweeping. Sweeping enables customers to automatically move money between bank accounts in their name and arrange recurring payments — for example to repay a loan or move funds to a savings account. Non-sweeping use cases include fixed and variable subscriptions, allowing businesses to take payments for things such as energy bills, rental payments and streaming services. Eline explains why VRPs are considered important and what Truelayer is doing to advocate for their wider use.
Listen to the episode
Episode Links
Linkedin: https://www.linkedin.com/in/eline-blomme-b2b18733/
Email: eline.blomme@truelayer.com
Guest Bio
Eline is Vice President of Product at Truelayer where she focuses on open banking for the eCommerce segment as well as developing relevant value-added services on top of payments. Eline has been working in the payments industry for almost a decade. Prior to Truelayer, she was responsible for the Digital Commerce product management team at Worldline, which is the largest merchant acquirer and payment processor in Europe and the 4th largest payment player worldwide.
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Martin Koderisch is a Former Principal in the London office. He has 20 years of experience as adviser and operator within financial technology industry with a focus on payments. He specialises in accelerating digital transformation of client businesses through industry expertise, data analytics, and fintech enablement. His approach seeks to bridge the gap between strategy and execution with hands-on delivery of value creation initiatives to achieve growth, control or operational efficiency outcomes. He previously held senior leadership roles within industry at Mastercard, Citibank and start up Luup Payments covering digital product innovation, operations, and commercial partnership development. He hosted and produced EDC's popular podcast ‘Leaders in Payments and Fintech’ podcast available on major podcast platforms.
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