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
Konsentus COO Brendan Jones, discusses the growth of open banking, the rise in Fintechs, and how Saas can nurture this booming vertical
This episode continues to explore the world of open banking and what it means to keep it safe and secure for both the users and for those that provide data and services.
A market by market breakdown of the number of TPPs approved to provide services
Konsentus has provided a global map that highlights the developments and progressions of open banking across the globe.
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