Toqio Announces Evolution of Platform to Accelerate Embedded Finance Adoption

PaaS
05.12.2023 10:30 am

Toqio, the market’s premier configurable embedded finance platform, has announced a major shift from being a simple SaaS financial service development portal to being a fully customizable embedded finance orchestration platform. The company has also announced Kunal Galav as its new VP of Product to keep building and improving powerful and user-friendly tools to enable customers to create financial service experiences that matter.

Coming from Mambu with extensive experience in driving business growth within large companies and fast-growing scale-ups, Kunal has led global product, partnership, and innovation teams with a track record of rapidly scaling new business ventures. On joining Toqio, Kunal said, “Toqio’s ambition to redefine financial services really spoke to me as I’ve always loved to build new solutions that help businesses scale. I’m excited to join the team during such a crucial phase for the company and am looking forward to everything we will build together.”

Throughout the past year, Toqio’s platform has evolved tremendously as part of its goal to meet the needs of large companies seeking to integrate corporate embedded finance into their B2B ecosystems. With the finance market in upheaval, Toqio’s new platform focus provides a viable safe haven for corporate financial empowerment, genuine market decentralization, and increased financial inclusivity.

Toqio makes creating and integrating financial services simple. Instead of wasting time and money building something in-house, Toqio offers companies a quicker, cost-effective way to embed financial products. With Toqio, companies can bring their concept to market in just a few weeks, saving considerably on development, maintenance, and personnel costs.

“The financial service industry is constantly evolving and we all need to keep up with current developments so no one is left behind. As the world’s premier embedded finance platform, we’re constantly working on new and better tools to give our clients the ability to create, customize, and launch bank-grade digital solutions. In 2023 we changed our ideal customer profile (ICP), our focus, and our direction. We are re-emerging from our chrysalis,” said Eduardo Martinez Garcia, CEO and Co-Founder of Toqio.

In alignment with this, Toqio’s main updates this year included the development of its product along two paths. One is reactive, with ongoing improvements that address usability issues, while the other is proactive, with enhancements that include new features, capabilities, and additions to its API. The top developments this year include:

The introduction of low code workflow editing, which gives customers the ability to use a drag-and-drop digital system to customize financial services;
Dynamic menu management, making the Toqio platform output even more customizable and relevant;
A full Toqio Marketplace beta, where reputable third-party providers offer easy-to-install financial service modules, giving Toqio customers extremely deep customization capabilities;
Numerous platform feature enhancements and interface improvements, including a full redesign of several popular tools, massively expanded UI customization capabilities, tighter compliance and security options, and many others.

The company is launching “Embedded in the Market”, a new podcast series to discuss how embedded finance is reshaping the industry.

Rising Star Award

In November, Toqio was presented the Deloitte UK Technology Fast 50 award as the Oracle NetSuite Rising Star. Fast 50 Rising Star awards recognise the innovation and achievements of UK tech businesses who are leading the way but have not been in operation for four years and therefore cannot yet enter the Deloitte Technology Fast 50 rankings.