Open Banking Partnership with tell.money

Tap Global Group plc (AIM: TAP), the innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, is pleased to announce it has entered into a strategic partnership with tell.money to integrate its open banking gateway into the Tap Group platform. Open banking is a framework that allows consumers to securely share financial data with third-party providers through standardised APIs, with their consent.

tell.money's gateway solution provides the regulatory-compliant infrastructure required to meet the requirements of the Revised Payment Services Directive ("PSD2"), a critical component for offering users a true payment account experience for their fiat balances. This integration enhances the Company's platform architecture, ensuring compliance with the highest standards of open banking regulation.

This development is a cornerstone of Tap Group's strategy to build a fully regulated bridge between traditional finance and blockchain technology. By integrating this advanced open banking architecture, Tap Group can expand its product offering for its growing base of over 390,000 individual and business registered users. The new functionality establishes a foundation for a future suite of advanced financial services, powering a more personalised offering through seamless connectivity with banks and financial institutions, strengthening the Company's competitive edge and its commitment to regulation-first innovation.

Arsen Torosian, Chief Executive Officer of Tap Group, commented:

"This represents a pivotal step in Tap's ambition to become the ultimate FinTech 'Super App'. We have always focused on doing the hard work first, building a fully regulated and profitable business. This partnership goes beyond the integration of a new feature on our platform; we are installing the foundational banking infrastructure that will unlock a new tier of financial services for our 390,000+ registered users.

"By integrating tell.money's robust, PSD2-compliant technology, we are enhancing our regulatory architecture and delivering a top-tier open banking experience for our customers. This is a fundamental building block that strengthens our platform and provides the launchpad for future product innovation, moving us decisively closer to offering a complete, all-in-one financial solution."

David Monty, Chief Executive Officer of tell.money, commented:

"We are thrilled to partner with Tap Group, a company that is clearly at the forefront of financial innovation. Tap's regulation-first approach and its vision for bridging the crypto and fiat worlds make it the ideal partner for us. Our mission is to make it simple for forward-thinking companies like Tap Group to meet their regulatory obligations and build competitive, secure products.

"By leveraging our solution, Tap is demonstrating a clear commitment to compliance and innovation. We are proud to welcome them into the open banking ecosystem and look forward to supporting their growth as they continue to build the next generation of financial services."

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About tell.money

tell.money is a market-leading open banking SaaS platform enabling account providers to join the ecosystem and meet their regulatory obligations. tell.money supplies account servicing payment service providers (ASPSPs) with the technical capability to offer open banking services to their customers through fully PSD2-compliant solutions that support multiple API standards. Its mission is to make financial technology a force for good by enabling an open ecosystem that helps clients remain compliant and competitive. Learn more: https://tell.money/