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Token and Fidor Bank in Open Banking partnership

Token has announced the launch of its demo Open Banking mobile app, integrated with digital-only German challenger, Fidor Bank. This enables banks and other stakeholders to experience the front-end of a PSD2 compliant digital payments platform in which they can set their own fees for integration with PISPs and AISPs. Token co-founder, Marten Nelson, will be demonstrating the app live today at FinovateEurope 2017 in London, alongside Stefan Weiss, Head of APIs and Open Banking Platforms at Fidor Bank.

“We are glad to unveil the availability of Token on Fidor’s Open Banking platform FidorOS at FinovateEurope, to support banks that use our platform to easily adopt future payment scenarios, such as the upcoming PSD2 standard,” comments Ge Drossaert, Member of the Board of Fidor. “The synergies between Token and Fidor’s technologies greatly strengthen banks’ role in the new payment landscape. Not only do they reinforce data and payment security in an open environment, they also pave the way for new revenue streams for banks that want to play a key role and strive to innovate.”

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