Todd is the CEO of Token and an established operator of Silicon Valley software companies. He has a twenty-year track record of bringing ground breaking technologies to market, including e-learning, internet banking, mobile banking and now open API banking. Token is Todd’s fifth technology start-up and he has navigated his previous four to successful exits including one $2B exit. Todd joined Token in 2016 to modernize payments and drive a shift from traditional payment methods to account-to-account payments.
The past year has seen Open Banking Payments (OBP) continue their steady march into the mainstream. The numbers around Open Banking offer compelling evidence of the incredible progress that the space has made in 2021. The UK has seen a 297% growth in OBP from September 2020 to Sept 2021. Today, up to 8.5% of digitally enabled consumers and small businesses in the UK now use open banking powered apps and services. That’s a lot of progress in a short space of time, which is very exciting to see.3 January 2022