TOCO join forces with other Belgian fintechs to accelerate PSD2 implementation

Belgian fintechs join forces to accelerate PSD2 implementation

Interest group A78 founded to provide consumers with the service they are legally entitled to

As of today, A78 unites Belgian payment institutions licensed by the National Bank of Belgium. As a result, the new payment institutions, mostly so-called fintech companies, now have their own interest group.

Press Release

The association, of which the full name is “Association of 7 and 8”, unites all Belgian payment institutions licensed by the National Bank of Belgium (NBB) for services 7 and 8, respectively the new payment initiation services and account information services. Hence the name A78.

Rapidly changing banking landscape

The new interest group exists alongside other sector organisations such as Febelfin, which has been known since 2003 to represent the interests of the financial sector in Belgium. In practice, these are mainly traditional large banks.

However, technological and legal innovations have shaken the sector up considerably in recent years. Among other things, the European PSD2 (Payment Service Directive 2) regulations, which became applicable on 14 September 2019, opened the doors to new, mostly technological, players on the market. These players often have different needs and interests than the traditional players. A78 will represent and defend these interests vis-à-vis the government, national regulators, European or supranational institutions, traditional financial institutions and consumer organisations. It will also inform and advise its members and act as a spokesman to the media.

Joining forces for PSD2 implementation

A first important topic that will be addressed is to collect all the problems of the members concerning PSD2 connections with the Belgian banks and discuss them bilaterally with the banks and with the NBB. The so-called APIs (digital connections that the banks have to provide) often fall short. As a result, the customers of these new payment institutions cannot get the service to which they are legally entitled.

The interest group was initiated by Cake, the free banking app that will be launched this year and which allows users to manage multiple accounts from 1 app, gives advice and cashbacks and allows users to earn a penny by processing their banking transactions into insights for businesses. After consultation with the NBB about the faltering implementation of PSD2, Cake took the initiative, at the request of the NBB, to join forces with other fintech players in order to form a single point of contact for parties such as Febelfin and the NBB.

“More than 4 months after the PSD2 deadline for the banks, we are still experiencing problems connecting to the APIs of several Belgian banks. Consumers are therefore still unable to make proper use of the services of Cake and other new players even though they are legally entitled to do so. We hope, with A78, to reach a constructive solution with the banks soon.” says Davy Kestens, founder and CEO of Cake. 

“The Belgian consumer will be the primary victim of poor implementation of the new banking regulations.”

Open association

A78 was set up as an unincorporated association. The aim is to connect all players working under license 7 and 8. In the course of the coming months, A78 will be converted into a non-profit association. Then all payment institutions (including those with permits 1 to 6) will be able to join.

For the time being, the chairmanship is in the hands of Yves Bovin, Head of Legal & Operations at Cake. Once the association is fully on track, an independent chairman will be appointed.

Our Mission

A78 was created in January 2020 and aims to unite all Belgian payment institutions licensed by the National Bank of Belgium for services 7 (payment initiation services) and 8 (account information services).

A78 will represent and defend their interests vis-à-vis the government, national regulators, European or supranational institutions, traditional financial institutions and consumer organisations.

The members of A78 are Accountable, Cake, Digiteal, Exthand, Ibanfirst and Toco.

TOCO embraces a new team member🥳

TOCO Embraces a new team member🥳

We are delighted to announce we are boosting our leadership team with a Chief Commercial Officer, Olivier Constant.

Olivier has 25 years of experience within the technology industry, including almost 15 years as a Sales Director at Exact in Belgium, France, UK, Spain and Germany.

In his role at TOCO, Olivier will be responsible for putting TOCO on the map on Belgian and international soil by building a good sales organization in close cooperation with accountants and entrepreneurs.


Before taking on his role at TOCO, Olivier held various leadership positions at Exact where he worked very close with Belgian accountants by introducing Exact Online and building significant success in terms of market shares, launch of new digital ways of working and a collaborative platform.

Olivier’s experience in sales management has also helped companies like EMAsphere to expand their global sales teams and account management capacity.

We let you in on a little inside info about Olivier 🤫

Beside his international sales career, Olivier is passionate about cycling. “Cycling is gaining new popularity as a healthy and environmentally sustainable form of transportation. But cycling, for me, is also a way to keep my balance in life. And in the end I just love to challenge myself. Every year I try to climb at least one impressive mountain.”

Just some of the reasons Olivier was happy to join our TOCO team…🤗

“When you’re looking for a new role, there are certain things you look for in a company,” says Olivier. “Do they have a good leadership? Are they people-focused? Do they have great ambitions? And lastly, do they have a solution that is innovative and forward thinking? TOCO has all of above.”

“TOCO is a fast growing fintech,” comments Olivier. “They have been growing at an amazing pace and have already closed key partnerships, I am really looking forward to support them on this journey. Taking TOCO to the next stage of their vision is my number one goal.” 

“We are incredibly pleased with the arrival of our CCO. Given the rapid growth of TOCO in recent months and in order to be able to respond to market demand, there could not have been a better timing for Olivier to join our team. His experience and his absolute expertise within the accounting sector are a great asset to TOCO. Olivier and I already worked together in the past, being in a client-supplier relationship, so we are not strangers to each other.” explains CEO Philippe Kimpe


STARTER VAN DE WEEK: TOCO, het financiële kompas van elke ondernemer


GENTBRUGGE – Toco is een nieuwe onmisbare applicatie voor ondernemers. Je volgt er je financiële administratie mee op de voet. Je verschillende bankrekeningen worden samengebracht in één portaal waar ook al je documenten, facturen, transacties en gegevens over je boekhouding te vinden zijn. “We halen de complexiteit van boekhouden weg door het financieel beheer van jouw onderneming in 1 handige applicatie aan te bieden”, zegt CEO Philippe Kimpe.

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Wolters Kluwer in Belgium and TOCO will work together to better help Entrepreneurs and Accountants with accounting

Wolters Kluwer in Belgium and TOCO will work together to better help Entrepreneurs and Accountants with accounting

"Let every user generate an impact faster for his organization"

18th of November, 2019 – Wolters Kluwer, enters into a collaboration with TOCO. This is a start-up from Ghent, which offers a platform that helps entrepreneurs, bookkeepers and accountants to organize and optimize their work as efficiently as possible.

Today, many bookkeepers, accountants and entrepreneurs deal with an ever-increasing financial burden. This creates a lack of structure. In order to tackle that problem and to extend the robust user experience for customers of its accounting, tax and office software, Wolters Kluwer Belgium will collaborate with the Ghent start-up TOCO. TOCO is a platform that helps simplify financial administration for SMEs and accountants thanks to software specially developed for this purpose.

Wolters Kluwer, Tax & Accounting, Belgium will create open integration opportunities between its software and the platform that TOCO has developed. Through more efficient communication and the easy exchange of documents such as invoices and official declarations, the cooperation between accountants and entrepreneurs can be greatly optimized and digitized. As a result, we meet the demands and expectations of our users and we help them to quickly and correctly generate impact for their organization in a smooth, intuitive way. As a result of the collaboration, any end user would be able to reap the benefits of the long history of Wolters Kluwer domain expertise and domain knowledge.

“Our strengths complement each other perfectly, so that we will support our customers – independent bookkeepers, accountancy offices and entrepreneurs – even better in their daily financial reporting. By opening integration between our software packages and the TOCO platform, the end user can have a more user-friendly, digital experience,” says Ronny De Goedt, Managing Director for Wolters Kluwer Tax & Accounting Belgium.

By integrating TOCO in Wolters Kluwer Tax & Accounting Belgium software packages, a lot of information will be able to automatically flow from the platform to the software packages, which means that every user will work more efficiently. Adding documents to their file faster helps ensure that entrepreneurs can consult updated financial insights more often and faster. The TOCO platform also allows you to make payments. TOCO, for example, has the option to pay with QR codes and a PSD2 license is now also being applied for.

 “We are proud that Wolters Kluwer Belgium offers us this opportunity. Our software supports accounting firms and SMEs in their daily administration and communication. We want to form an easily understandable financial compass and to relieve the end customer as much as possible. The automated process saves time for the accountant, which means that they can invest more time in providing advice to the end customer, ”says Philippe Kimpe, CEO of TOCO.

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.

Wolters Kluwer reported 2018 annual revenues of €4.3 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 18,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S.(WTKWY).

For more information, visit, follow us on Twitter, Facebook, LinkedIn, and YouTube.

About TOCO

The financial compass that keeps your business on track.

Strong in all its simplicity. TOCO supports companies in their daily administration and communication.

Nowadays, there are many tools that simplify the hassle of financial administration.
However, making them work together can be a challenge.
We are breaking the standard and pushing the boundaries of financial administration.

As an entrepreneur, you use TOCO to load documents and share them with your accountant. But also invoice creation, recognition, payment and processing is effortless. From 1 application you connect with all your service providers such as your bank, accountant, government and payroll provider. TOCO integrates seamlessly with Silverfin.

If you are an accountant, you will only need one platform to connect with all your customers. Avoid quarterly stress thanks to the continuous inflow of ready-to-work information. Repetitive tasks are automated, for more time for advice. Tailored to your customers, that’s the only way to become a valued business partner.

TOCO is a unique ecosystem that connects partners, data and third party software. TOCO is a Ghent startup created from the accountancy sector and supported by a technology company.
TOCO consists of a diverse team of professionals with backgrounds in accounting, banking, IT and payment solutions.

TOCO has a PSD2 license in application.

For more information, please visit and follow us on Facebook, LinkedIn and Instagram.

Contact TOCO

Philippe Kimpe – CEO

Together Connected NV
+32 475 494249 –


Contact Wolters Kluwer

Ellyne Temmerman – Manager, Marketing

Wolters Kluwer, Tax & Accounting, Belgium

+32 4 97 81 65 33 –

TOCO 4x nominated for the FFF Awards!

The voting has been opened and TOCO has been nominated in 4 categories!

Would you like to give us a helping hand?

    1. Surf to
    2. Choose your language
    3. Go to the following 4 categories
    • E-facturation, paperless and cloud solution
    • ERP or CRM for accountant
    • Optimization solutions
    • Collaborative platform

And always choose TOCO! – Voting is possible until 18th of November.

The TOCO team is eternally grateful to you!

Press release: Xerius and TOCO join forces for a new role for accountants.

Antwerp and Ghent, 13 May 2019 – Xerius and TOCO will actively assist and inspire bookkeepers and accountants so they can better help their customers achieve their ambitions. The  current wave of digitalisation offers many new opportunities.

While new technologies, and even banks, are taking over repetitive tasks, the modern SME needs more personal advice and a clear insight into their business figures. As a result of the time freed up by automation, bookkeepers and accountants are able to communicate better with their customers and thus provide an appropriate service. Reinventing oneself is not a must, but rather a logical and natural evolution for the profession.

The market is also asking for an all-in-one solution: accounting package, communication module, easy connection with service providers, social secretariats, and integration with reporting tools, such as e.g. Silverfin. TOCO is such a collaborative instrument. It is an online platform that gives the company direction, while the bookkeeper remains in control and has more time to advise the entrepreneur.

Xerius is now joining this new portal and will become an integrated TOCO functionality. In the TOCO solution, Xerius now provides an up-to-date overview of the SME’s social contributions. The entrepreneur will also be informed when he has to pay these. Moreover, accountants can easily connect with their customers, right from the portal. In the long run, entrepreneurs will even be able to onboard to Xerius via TOCO.

Franky Haesevoets, Managing Director, Xerius: “Today’s customer is looking for an integrated solution that gives him a clear overview of how his company is performing at a glance. At Xerius, we strongly believe in platforms such as TOCO to connect with our customers. And very important, the bookkeeper or accountant always has an overview of the status of the customer. This will strengthen his advisory role.”

Philippe Kimpe, CEO, TOCO: “Our mission is to become the entrepreneur’s financial compass. The collaboration with Xerius is an enormous step forward on the road to a more efficient management of every SME”.

See TOCO in action at Silverfin’s Fast Forward 2019, May 14, Ghelamco Arena in Gent.

For more information about Xerius

For more information about TOCO