Oct 7, 2019
UK, 7 October: RegTech company Konsentus led the field at the Emerging Payments Awards by being recognised in three categories for their first-class PSD2 Open Banking solution.
Industry experts from the world of payments were joined by rising FinTech stars to celebrate achievements from the past year. Konsentus’ Third Party Provider (TTP) Regulatory & Checking solution was confirmed by the acclaimed panel of Judges, chaired by John Chaplin, as being a game-changer for PSD2 Open Banking implementation, winning in:
As a SaaS-based platform delivered via an API, Konsentus offers a plug-and-play solution that will integrate into Financial Institutions’ existing platforms, enabling them to create a seamless user experience mitigating risk and reducing fraud.
Mike Woods, CEO Konsentus commented “This accolade confirms Konsentus’ place as a leader in the Open Banking market. I am honoured that we were selected from such an esteemed shortlist in all three categories and were able to share in the success with our partners and clients who joined us on the night”.
Konsentus has a go to market strategy of working both directly with Banks and Financial Institutions along with key industry partners such as Mastercard.
Jim Wadsworth, SVP Open Banking, Mastercard, said “We identified Konsentus as a leading player in the Open Banking ecosystem with significant potential which is why we selected them to join our StartPath programme as well as utilising their SaaS solution as part of our European Open Banking offering. Their identity and checking service is easy to use, cost effective and simple to integrate with.”
John Chaplin, Chair of Judges of the Emerging Payments Awards commented: “The Emerging Payments Award winners represent the best of the best in our industry. All the finalists submitted great entries but the winners, in the view of the judges, are truly outstanding and deserve many congratulations”.
Konsentus, a RegTech company, provides Identity & Regulatory checking services for Account Servicing Payment Service Providers (ASPSPs) so that they can comply with PSD2 Open Banking access to accounts. Issued through a SaaS based platform, the solution enables ASPSPs to provide open banking services to their customers, confident in the knowledge that they are only providing data to Third Party Providers (TPPs) who are regulated and have customers’ explicit consent to use their data.
Headquartered in the UK, Konsentus has created a world class solution for Financial Institutions across the European Economic Area (EEA). Delivered through best in class standards it provides clients with a cost-effective solution to help deliver their regulatory requirements.
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