Trustly, an innovator in open banking payments since 2008, has taken a significant step in its ambitious growth trajectory by appointing Henrik Wallström as its Chief Technology Officer (CTO) for European operations. With this strategic decision, Trustly aims to further solidify its position and expand its technological capabilities in the rapidly evolving landscape of open banking. Trustly’s unique platform allows consumers to make direct payments from their bank accounts without the need for cards, providing a streamlined alternative for businesses and consumers alike. This approach has contributed to the company’s rapid global expansion, on track to process a remarkable $100 billion in transaction volume annually, underscoring the broader industry shift towards open banking solutions over traditional card payments.
Wallström’s appointment comes at a pivotal time for Trustly, reflecting the company’s commitment to scaling and technological prowess. His extensive background in scaling technology platforms, particularly through his previous tenures at Sinch and Klarna, positions him as an invaluable asset in Trustly’s ambitious expansion plans. At Sinch, Wallström not only led global technology teams but also played a crucial role in integrating acquired companies, creating a cohesive and unified technical platform. This experience is expected to be instrumental in driving Trustly’s growth forward, ensuring that the company’s technology infrastructure can support increasing transaction volumes and new user adoption.
Wallström’s Vision for Trustly
Since 2008, Trustly has been a pioneer in open banking payments. To boost its ambitious growth, the company has recently named Henrik Wallström as its Chief Technology Officer (CTO) for European operations. This move aims to further enhance Trustly’s technological edge and fortify its presence in the evolving open banking landscape. Trustly’s platform uniquely allows consumers to make direct payments from their bank accounts without the use of cards, offering a streamlined alternative that’s appealing to both businesses and consumers. This innovative approach has fueled Trustly’s rapid global expansion, with the company on track to process an impressive $100 billion in transactions annually, highlighting the industry’s shift towards open banking over traditional card payments.
Wallström’s appointment is timely, demonstrating Trustly’s commitment to scaling up and enhancing its technological capacity. He brings deep expertise in scaling technology platforms from his previous roles at Sinch and Klarna, where he led global tech teams and integrated acquired companies into cohesive platforms. His experience is expected to be pivotal in Trustly’s expansion plans, ensuring that the company’s tech infrastructure can handle increasing transaction volumes and new user adoption effectively.
