Tell.money, the Fintech solution that provides innovative and “rapidly” deployable open banking services for banks and other account providers, has teamed up with Toqio, the Fintech SaaS platform that “enables organizations to build and launch fintech propositions.”
Addressing Toqio’s PSD2 (Payment Service Directive Two) requirement to ensure that consumers and SMEs using the services of its clients have access to payments and account information through open banking channels, tell.money has “integrated its technology into the Toqio platform.”
The legislation under PSD2 is designed “to enable consumer access through third-party involvement within an improved customer authentication environment.”
The majority of Toqio’s clients need “to comply with PSD2 by having a Dedicated Interface, meaning that they are required to have compliant systems to enable ‘Trusted Third Party’ onboarding, consent management, support, regulatory reporting, and publishing of real-time performance web statistics. tell.money takes care of all the PSD2 API related activities.”
For Toqio clients, having these capabilities pre-built into the Toqio platform “removes development costs and complexities as well as accelerating the time to launch.”
David Monty, Founder and CEO of tell.money, commented:
“In conjunction with tell.money, Toqio has impressive growth plans, and we are delighted to be working with them in making the proposition for their clients as seamless as possible as far as their PSD2 obligations are concerned.”
Mike Galvin, Co-Founder and CCO, of Toqio added:
“Embedding the tell.gateway capabilities into the Toqio marketplace is an important step for us. The obligations set out in PSD2 are frequently a friction point for our clients and taking away this area of concern for them gives Toqio a clear market advantage.”
As noted by Toqio’s management:
“Why develop your own financial tech from scratch? There’s a much smarter way to do fintech. If you have an idea, we have the platform. Our white label digital finance SaaS lets you quickly launch and monetise new solutions for your customers.”
Toqio helps banks, fintech, and corporates “to bring innovative new solutions to market.”
Their flexibility allows their clients “to launch highly specific use cases on a single, shared infrastructure.”
Their fintech SaaS platform and marketplace “are ready to launch, if you’re ready to leap.”
The firm notes that you can bring them your solution, and they’ll “bring everything else – applications, web, hosting, and partners.”