The partnership will use Token’s operating system, TokenOS, which offers PSD2 compliant payments and gives access to banks for third-party service providers, via an API. In addition, the deal will use Envestnet | Yodlee’s financial data platform, which enables personalised financial apps via data from more than 16,000 sources. Steve Kirsch, CEO and founder of Token, says: “When it comes to PSD2, developers are not going to support hundreds of unique bank APIs; they will only write to one common API, maybe two. “This means that banks that create their own proprietary API risk not being able to deliver the variety and freedom that customers expect in the digital age. Instead, banks should support a common open banking platform.” Funding and friendship Earlier this year, Token raised $15.7 million in Series A funding; while last year, it signed a memorandum of understanding (MoU) for digital payments with Fidor. Envestnet | Yodlee has also been busy. It teamed with Varo Money, a mobile-only banking start-up; and extended its partnership with omnichannel banking specialist Backbase.