Identifying Third Party Providers and their current regulatory status before sharing customer data is essential. Any data breaches could result in brand and reputational damage or regulatory sanctions and fines.
There’s a natural tension between being ‘open’ and being secure.
We deliver confidence in Open Banking, helping Financial Institutions to be both open and secure.
Our cloud-based Software as a Service (SaaS) solution consolidates data from a multitude of regulatory databases and registers, providing the information to our customers in real-time enabling them to comply with PSD2 Open Banking access to accounts. Available through simple RESTful APIs, our easy to implement, real-time TPP checking & validation service helps Financial Institutions reduce risk, limit liability and fight fraud by ensuring data is only ever given to legitimate and regulated Third-Party Providers (TPPs).
We provide easy access to our sandbox and technical team to support our customers through development, integration and testing.
From sandbox to go-live in less than a week, our service is easy to deploy.
We remove complexity for real bottom-line benefits.
We reduce the risk of fraud and warrant the data we supply.
TPP Regulatory data no more than an hour old.
A single API means no need to integrate separately with multiple registers.
Cloud-based architecture for scalability & availability, 24/7.
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)
26th May 2020 @ 3pm BST. In Plain English, PSD2 and the ‘Access to Accounts’ part of the regulation.
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?
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 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 by contacting us at insights@konsentus.com. For further information on how Konsentus and its partners will process your data, and your rights in relation to your data, please click here.
