Open Banking payments platform Token has strengthened its executive team with the appointments of Charles Damen from Worldpay, and Artashes Torosyan.
Damen has been hired as chief product officer and Torosyan joins as chief technology officer at Token, tasked with building out its account-to-account (A2A) payment platform.
At Worldpay, Damen served as SVP of product strategy for global real-time payments and Open Banking products.
Prior to that, he founded and led the global cross-border payments division of Thunes, enabling real-time payments to and from emerging markets.
“Owning and operating a global Open Banking network, Token has a highly strategic position in the Open Banking ecosystem and one that is difficult to replicate,” said Damen.
“By doing the heavy lifting for many of the leading PSPs, acquirers, banks and financial institutions, Token is driving the shift from card to bank payments in a way few other players are able to.”
Torosyan, who is based at Token’s Berlin office, has previously worked as CTO for German-based Open Banking data-driven loyalty and rewards platform OptioPay, and was also CTO at Artory, an art and objects registry that uses blockchain technology.
He added: “The Token platform already has deep functionality to enable simple and elegant bank-direct payments for a range of use cases, from ecommerce and bill payments, to funding an account or paying off debt via loan or credit card repayments.
“I look forward to working with the team to build out these capabilities as new use cases continue to emerge.”
Earlier this year, Token was revealed as the headline partner of Open Banking Expo’s flagship UK event in 2022 and 2023.
Token CEO Todd Clyde said: “With the expertise of Artashes and Charles behind us, Token will continue to push the boundaries of functionality beyond regulation through new open payments and data capabilities, premium APIs and value-added services.”