Fintech
Top 10 Open Banking Companies Driving Innovation and Insights
5. Token.io
Token.io is a leading provider of open banking-based account-to-account (A2A) payment infrastructure. The company offers leading connectivity solutions to over 80% of bank accounts across 20 European markets via a single API. The fintech claims its technology enables low-cost, real-time bank payments with high success rates and instant settlement. Today, its solutions are used by leading financial institutions and payment service providers, including BNP Paribas, HSBC, and Nuvei. Token.io remains focused on providing tools to improve cash flow and enhance the payment experience for merchants and consumers.
4. True layer
Founded in 2016, TrueLayer is a European account-to-account payment infrastructure provider that offers APIs that allow businesses to securely connect to their customers’ bank accounts. The company’s technology facilitates instant bank payments, account verification, and data access for various industries, including e-commerce and financial services. Working to provide frictionless and convenient payment solutions, reduce fraud, and improve user experiences, TrueLayer has partnerships with leading financial institutions and is actively working with regulators to shape the future of open banking.
3. Tinker Bell
Tinkerbell is a leading European open banking platform that provides financial institutions and businesses with innovative solutions through a single API. Founded to transform the banking industry, today ink connects to over 3,400 banks and financial institutions across Europe. The company offers services including account-to-account payments, financial data access and transaction enrichment. In June 2021, Visa acquired Tink for $2.2 billion, recognizing its significant impact on the fintech landscape. Tink’s technology enables businesses to develop data-driven financial products, improve lending processes and enhance payment experiences for millions of customers.