Business banking
Requirements:
Offer single and multiple jurisdiction banking; digital onboarding including automated KYB fraud checks, fully compliant with the jurisdiction(s) selected open and manage multiple accounts in a variety of currencies; safe and secure transaction management; launch via white-label, top tier mobile and/or web apps; define user roles and permissions; expense management; connection to accounting system.
Toqio’s solution:
Select one of our default BaaS providers to reduce risk and get started quickly; define administrative functions, account types, and user roles; create fully secure data pathway connections; incorporate KYB tools as part of the default customer journey.
Consumer banking
Requirements:
Full service, high security, bank-grade app or web solution for consumers; must have a unique, branded look and feel; up-to-date, contemporary user experience; tailored to market and user base; manage multiple language versions; can adapt to trends by incorporating new functions quickly; simple onboarding including KYC checks; create and manage multiple accounts quickly and efficiently.
Toqio’s solution:
Similar to our B2B banking solution, a B2C build exploits the Toqio Platform’s versatility by giving you modules to add as required. Starting with core banking functions (accounts, transactions, etc.) you can expand your offering by adding services like card or reward programmes, FX support, concierge services (event tickets, reservations, etc.) and more.
Lending solutions
Requirements:
Digital customer journey that captures critical user information; connect with multiple data sources, including credit risk engines, to obtain the data required to make a low-risk decision on lending; fund distribution and collection functions; simple onboarding; compliance and KYB checks; customize the customer’s unique journey according to their specific assessment profile.
Toqio’s solution:
We offer a system that can be tailored to the needs of various companies: a lender with manual or semi-manual processes seeking to digitalize; a lender with digital capabilities that wants to add services; a company with no lending capabilities that wants to enter the market. Our fully scalable solution can handle existing and future transaction volumes, define automated and tiered processes, provide real-time views to monitor processes and offer intercession points, and include KYB checks to increase security and reduce fraud.
Payments and FX
Requirements:
Create and manage multiple user roles; provide users with physical or virtual account cards; set spending limits to user accounts/cards or use a “pre-pay” model to ensure consistent budgeting; empower users to make payments for international trade; real-time FX functions for international teams or consumer users; able to connect with existing accounting services.
Toqio’s solution:
We provide a company with the ability to manage all its payments easily from one place; all transactions can be monitored and reviewed; tiered processes based on transaction amounts or other criteria can be created with different approval processes; spend limits can be set with global defaults and tweaked for specific users or according to pre-defined roles; all functions can include FX integration to cover accounts in numerous currencies.
What our customers say
Movepay has decided to work alongside Toqio due to its clarity on the process of creating our product apart from being able to integrate with our banking provider in a safe and trustable environment. We have a great dedicated team to our project with Toqio and it helps us to build our platform alongside market players that are looking to make the financial market an easier and smooth process for all.
Bruno Vecchio, Head of Business Operations, Movepay
