Konsentus Powering Trust in Open Ecosystems

Security and Fraud. Is Open Banking Creating new Challenges?

Brendan Jones joined an impressive panel of industry experts to discuss how security is always at the core of Open Banking and how it’s inevitable that fraudsters and scammers will present new challenges for the financial industry as the industry matures.

Share This Post

Konsentus’ Brendan Jones joined the Open Banking Excellence Campfire on Thursday 16th June to discuss security and fraud in Open Banking.

With APIs, encrypted data transfer and reduced information sharing, security is always at the core of Open Banking. However, as the ecosystem grows, it’s inevitable that fraudsters and scammers will present new challenges for the financial industry.

  • Is Open Banking fool-proof and secure when it comes to leaks, hacks and fraud?
  • What are the risks involved when personal data moves across different sources?
  • Does the consumer understand their rights and responsibilities around ‘Consent’?
  • If fraud occurs where does the risk and responsibility lie?

The industry experts shared their valuable insights, use cases and opinions.

Ali Paterson, Editor-in-Chief at FF News | Fintech Finance

Brendan Jones, COO at Konsentus
Chris Michael, CEO & Co-Founder at Ozone API
Mike Haley, CEO at Cifas
Michael Huffman, Director of Fraud at GoCardless

Subscribe To Our Newsletter

Keep up to date with all our news and publications.

More To Explore

Talk with Our Team Today

Join us on the Journey

Protect your customers transacting in open ecosystems.

Konsentus Rebrand Button - Konsentus Dot-23-23

Find out how our technology can protect your customers within open ecosystems.



On completion of this form you will be sharing your personal data with Konsentus Ltd (company number 1115059) (“Konsentus”/”we”/”us”). We will process such information for the purposes of sending you the requested information. We may also send you marketing communications and information which we consider may be of interest to you from time to time. This may include sending information by email, or us contacting you by telephone, where relevant details are provided. We rely on our legitimate interests as the lawful basis for processing your data in this way. Under certain circumstances, you have rights under data protection laws in relation to your personal data, including the right to receive a copy of the data we hold about you. You also have the right to opt out of marketing communications at any time using the details in an email sent to you or by contacting us at insights@konsentus.com.

This field is for validation purposes and should be left unchanged.

Login to your account