Independent research shows that UK EMIs are exposing themselves to potential enforcement action by the Financial Conduct Authority by not having PSD2 Open Banking compliant interfaces in place.
Nine months after the regulation went live, nearly three-quarters of EMI Brands in the UK have yet to implement a PSD2 Open Banking compliant interface
Independent research finds 74% of UK Electronic Money Institutions are still not PSD2 Open Banking compliant, risking FCA enforcement action.
A Mastercard interview on combatting Open Banking fraud with David Head, Vice President for Open Banking Product Management (Mastercard) and Brendan Jones, Chief Commercial Officer (Konsentus)
Mastercard’s Q1 report leverages Konsentus’ data to show the countries with the greatest growth over the past few months and the types of services third parties are being approved to provide.
What data held is held in the EBA Registers and are there any inconsistencies and gaps? How might Financial Institutions be impacted when they rely on this data alone to verify the regulatory status of TPPs?
Raconteur’s report in The Sunday Times on the Future of Payments featuring an article by Mastercard and an overview of the Konsentus solution.
UK, 27th April 2020: Konsentus today announced that two senior members of the commercial team at the Open Banking Implementation Entity (OBIE), have joined Konsentus.
16th April 2020. Watch the recording to hear Norfico and Konsentus discuss their recent White Paper “The Tricky Encounter”
A market by market breakdown of the number of TPPs approved to provide services