Turnkey open banking platform provider, Token.io Limited, announced on Wednesday it has teamed up with global fintech Omnio Group to deliver open banking and PSD2 compliance to Omnio’s financial institution customers. The partnership announcement comes after Token’s recent collaborations with thinkmoney and Tandem Bank, both of which are integrating TokenOS.
Speaking about the partnership, Rob Liddell, Director of Implementation & Delivery at Omnio Group, stated:
“Token has enabled us to provide our clients with a PSD2 Open Banking Hub, which delivers secure connectivity between third parties and financial institutions. Our next step is to work with Token to create innovative banking and payment experiences that meet the evolving needs of our digital customers.”
Marten Nelson, Co-Founder, Token, also commented:
“This new partnership is further evidence of how we’re building momentum in the open banking market. Both Omnio and An Post recognise that PSD2 and open banking represent a new era in banking, one that creates huge opportunities for the future of payments and data-led services. Our model enables them to look beyond today’s hurdles of regulatory compliance, integration and the management and testing of Third Party Providers. Instead they can focus on using our tools to develop and support new, revenue generating and market differentiating open banking services for their customers.”
Founded in 2015, Token’s universal open banking platform, TokenOS, allows banks and third parties to interact in a digital global financial services ecosystem. TokenOS provides one API to access all banks, with the tools to deliver best-in-class data access and payments use cases, and better open banking propositions.