About

- Connecting the Future of Banking to Commerce -Token is the industrys leading open banking infrastructure provider. By putting a bank in every app, Token is creating the digital connectivity shaping the future of banking-enabled commerce.Tokens open banking market platform enables banks and developers to set the pace of innovation in digital financial services, unrestrained by technical complexity and regulatory compliance.By offering value-added payments functionality together with standardised, API-based access to over 3,000 banks across Europe and beyond, Token helps banks and businesses to drive new revenues through the creation and delivery of market leading open banking payment and data experiences.

Focus

PRODUCTS & SERVICES

The solutions offered include: PSD2 Compliance: It offers turnkey PSD2 compliance solutions that enable banks and financial institutions to meet PSD2 requirements by integrating with the TokenOS cloud service. This will allow third parties (AISPs and PISPs) to access customers’ bank accounts via the TokenOS API. B2B Payments: B2B payments are powered by smart tokenization that enables buyers to authorize smart token payments, which can then be requested by the supplier from the buyer’s bank by redeeming the smart token. Account Aggregation: It enables users to aggregate customer account data with a single request. Businesses can utilize the TokenOS API to access their clients’ information such as account balance and transaction history from their accounts at other banks. Payment Initiation: It enables the Payment Initiation Service Provider (PISP) to initiate payments on behalf of their customers. The PISP can simply onboard the Token network and add the Token Quick Checkout widget to their checkout system.

REVENUE MODEL

software license fee and transaction fee

MAIN CLIENTS

Banking

financial institutions

and E-commerce companies.

PRIMARY PROBLEM SOLVED

Problems associated with PSD2 compliance for banks in EU including 1) mass security breaches, 2) disintermediation, 3) negative ROI

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

COMMENT

Token features include crypto-signed API calls; third-party developer tools; cross-border transfers using high performance shared currency ledgers hosted at central banks; a new paradigm for payments ("programmable money"); and tools for banks to manage pricing with regard to optimizing profitability for both retail and corporate transactions.