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Payments General

TBB chooses Token and Icefire for PSD2 compliance

Tuesday 25 June 2019 | 12:44 PM CET

Turnkey Open Banking platform provider, Token, has been chosen by Tallinn Business Bank (TBB) to deliver PSD2 compliance in partnership with technology provider Icefire.

Icefire is integrating Token PSD2 into the bank’s infrastructure to establish compliance with the Second Payment Services Directive (PSD2) before the September 14th deadline.

This announcement follows recent partnerships with Tandem Bank, thinkmoney group, and Sberbank Slovenia and Croatia, cementing Token’s status as Open Banking platform provider across Europe.

Token offers transaction-based PSD2 API. As it is cloud-based, it gives TBB both flexibility and scalability when initiating and managing transactions. Now, TBB can be accessed by any regulated TPP in Europe. The bank gains crypto-based security and programmable money technology together with the operational support, consent management, monitoring and reporting needed to succeed.

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