UK, 7 May 2025: Konsentus today announced that DenizBank AG – a well-established universal bank operating in Austria and Germany and part of the DenizBank Financial Services Group – has selected Konsentus to safeguard its open banking transactions. This strategic partnership supports the bank’s range of retail and commercial banking products, ensuring robust regulatory compliance, operational efficiency and security in a fast-evolving digital landscape.
As DenizBank AG continues to grow its presence in Austria and Germany, the bank identified the need for a secure, scalable and cost-effective infrastructure that aligns with its internal business processes and meets evolving regulatory expectations. By integrating Konsentus Verify, the bank will automate the complex process of Third Party Provider (TPP) validation – an essential component for maintaining a compliant and secure open banking ecosystem.
“Konsentus Verify stood out as a solution that not only delivered on compliance and risk mitigation but also aligned closely with our internal operations,” said Darijo Batinic, CRO of DenizBank AG. “As a deep-rooted player in the Austrian and German markets, we needed a solution that was quick to implement, cost-effective and capable of adapting to regulatory developments like PSD3 and FiDA. Konsentus’ customer-centric approach and outstanding support made the decision easy.”
Konsentus Verify delivers real-time, standardised data on regulated entities across the European Economic Area (EEA), enabling financial institutions to eliminate the risks of relying on unreliable data sources which could otherwise lead to unauthorised third-party providers (TPPs) accessing customer account data and funds. This enables banks like DenizBank AG to reduce operational overhead while redirecting resources to focus on strategic growth and delivering exceptional customer experiences.
“DenizBank AG is committed to providing innovative and secure digital banking services, and we are proud to support them in delivering compliant open banking experiences,” said Brendan Jones, CCO, Konsentus. “Our platform is designed to scale with our clients’ needs – helping them meet regulatory obligations today while staying ahead of tomorrow’s challenges.”
This collaboration reflects DenizBank AG’s dedication to future-proofing its operations with technology that supports sustainable growth, regulatory readiness and operational resilience.
About DenizBank AG
DenizBank AG was founded in 1996 and is subject to the Austrian Banking Act. The bank is a member of the statutory uniform deposit protection scheme AUSTRIA GmbH. DenizBank AG is part of the DenizBank Financial Services Group, which has been owned by the Emirates NBD Group since 2019. The Emirates NBD Group’s network includes locations in 13 countries, currently serving more than 20 million customers.
About Konsentus
Konsentus provides specialist advisory services and technology solutions to support the national implementation of open finance ecosystems. Subject matter experts, Konsentus advisors have a proven track record in navigating complex, multi-stakeholder ecosystems and understanding individual regulatory and market requirements.
Konsentus’ award-winning technology enables open banking ecosystem participants to seamlessly identify each other and safely interact within a secure and trusted environment.
ISO 27001 certified, Konsentus is active across 37 markets and counts many of the largest global financial institutions as clients.
Contact
Press@konsentus.com
