How it works
_


Consumers download the Tokken app and link their bank accounts or credit or debit cards. Then, they use the Tokken mobile wallet at participating retailers. At the point-of-sale, money is transferred from the consumer’s chosen payment account, into the Tokken system. The transaction is recorded on Tokken’s indelible ledger, and the balance is issued to the retailer. Retailers can then use Tokken to pay bills or other suppliers, or transfer their dollar balance from Tokken to their bank.

Preventing fraud, money laundering, drug trafficking and other illicit activities remain critical functions for institutions of trust. Disrupting these activities begins with a robust data asset and a full-spectrum analytical platform built with modern technological and investigative principles.

Our approach enables productized, insight generation and exploratory investigations to be conducted in real-time using automated triggers and triage protocols brought together with advanced intelligence analytical tools.

Tokken’s Anti-Money Laundering (AML) and Know Your Customer (KYC/KAC) platform unites best practices from the US Intelligence Community and leading financial institutions for storage, analysis and disposition of alerts derived from structured, unstructured, and semistructured data sources. Tokken leverages open source and proprietary data feeds to build a fully contextualized user dossiers that inform our 100-point risk model.

 

Our History
_


Founded by a federal bank regulator in 2016, Tokken assists payments companies and banks in extending services to previously inaccessible high-risk businesses as well as to participate in newly emergent markets.

Stringent regulations impose a compliance burden and disincentivize Financial Institutions from extending services to businesses in emergent industries. As a result, law-abiding business owners are unable to obtain comprehensive financial services and are forced to find creative ways to access banking.

Tokken solves this problem by streamlining compliance using cutting-edge technologies and automated risk-management techniques. Tokken mitigates risk by creating a virtual filter to cash or digital transaction, as well as by extending a transparent and an indelible ledger to financial partners. More importantly, Tokken implements first-of-its-kind, Know All Customers (KAC) system that extends ongoing access to real-time customer data that includes merchants and consumers.

With our unique system, Tokken has the ability to trace every transaction while keeping users and their information safe and private. By utilizing blockchain technology in combination with our premier data integrity practices, we have created an indelible ledger, safeguarded from tampering and easily referenced. We have the capability to provide this information confidently and quickly, as needed, to any financial institution or regulatory entity.

 

Meet the Team
_

Lamine Zarrad

Chief Executive Officer and Founder

Lamine is an innovative thought leader and futurist in the banking industry. Lamine's background includes service as a forward deployed U.S. Marine, Global Wealth Financial Advisor for Merrill Lynch, and most recently as a Bank Examiner for the U.S. Treasury's Office of the Comptroller of the Currency (OCC).

Cory Flanigan

Chief Technology Officer

Cory builds products, platforms, and software teams with an emphasis on data, payments, and navigating complex regulatory landscapes. Cory previously delivered teams and products for companies like Groupon, Welltok, and LivingSocial, mentored software developers, and advised startups at all stages, from nascent to growth and global scale.

Rita Crague

Chief Compliance Officer

Rita is a former intelligence officer at the Central Intelligence Agency with extensive experience in data analytics, risk management, and counter-terrorism finance analysis. Rita manages Tokken's unique compliance platform which blends banking industry best practices with advanced intelligence analytic techniques.

Joshua Holley

Chief Financial Officer

Josh is a veteran of Big 4 public accounting and has worked with companies of all sizes and industries during times of transition. In addition to managing Tokken’s finances, Josh leads Tokken’s business development and partnership pipeline.

Jenaya McGowan

Director of Government Affairs

Jenaya developed educational programming and evaluation models for state and federal grants in higher education access and retention. And no, she doesn’t play basketball or volleyball. She can, however, battle you on the yoga mat where she will not likely trip or fall!

Jonmichael Chambers

Platform Developer

Jonmichael helped build the original Robocop at the age of ten and is continually disappointed that the Tokken app doesn’t require more laser cannons. He can have those laser cannons in beta by tomorrow, just give the word.

Brent Yoder

Platform Developer

Brent once lived a peaceful existence as an oracle in a hidden cave near the summit of Mount Kilimanjaro, but after the tragic death of his pet leopard, he exacted revenge on the local bandits and turned to a life of epic questing and product development.