Konsentus was established to provide Third Party Provider (TPPs) identity & regulatory checking, ensuring Financial Institutions (FIs) are PSD2 open banking compliant.
There are 9,000+ FIs in Europe that must comply with PSD2 open banking. Under PSD2 open banking an FI cannot deny access to a TPP if they are appropriately regulated; but how does an FI know if the TPPs are who they say they are and whether the TPPs are appropriately regulated. Konsentus has developed a SaaS based solution using restful APIs capable of performing a check on every transaction, Konsentus operates across all 31 National Competent Authorities working with the EBA TPP Register and 70+ QTSPs to ensure FIs never provide data to unregulated TPPs. The options are
Konsentus offers three services around PSD2 open banking:
All the services are supported by an immutable audit log, that provides the FI with a system of record of all actions and activity that took place. Working both through partners or providing services directly, Konsentus is the leading TPP identity and regulatory checking solution in Europe. The commercial structure is that the services are offered with no set-up or joining fee but with a service availability charge and a small transaction fee.
Headquartered in the UK, just outside of London in the M4 technology corridor our team of professionals are creating a world class solution for every FI in Europe. We are delivering this through utilizing the best in open standards, coupled with unique solutions and most of all a belief that we can deliver for clients a cost effective solution to meet their regulatory requirements.