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Understanding Open Finance

API Providers  (ASPSP)

Open Finance APIs can be provided by “other” types of account holders: Insurance companies, Pension funds, Wealth managers

API Client TPPs

Open Finance APIs can address different “Clients”, e.g. TPPs regulated by an NCA according to PSD2 and Organisations not regulated by an NCA

Security

Open Finance Client Identification may/may not use: NCA issued authorisation number, PSD2 eIDAScertificates and a scheme list

Contracts

Open Finance APIs might require commercial contracts between the Access Client and the ASPSP

Why Konsentus Verify

Extensible and Versatile

Konsentus Verify is extensible and versatile to support new open X opportunities

Supports Open Finance

Building on Konsentus Verify for open banking, the platform will support new open finance requirements

Supports all Schemes

The Konsentus Verify platform will support all open finance specifications (e.g. Berlin Group)

Checking of Regulated and Non-Regulated Entities

The Konsentus Verify platform will support identity and authorisation checking of all open finance participants (regulated and non-regulated entities)

Find out more

Latest news, views and insights

Go to Knowledge Hub

Money 20/20

Our team will be at Money 20/20. 7 – 9 June, Amsterdam. Get in touch to meet us there.

EBA Day 2022

Konsentus will be attending EBA Day on 31 May – 1 June in Vienna. Get in touch to set up a meeting with our team.

Open Banking World Congress

Associate sponsor of Open Banking World Congress, Konsentus’ CCO, Brendan Jones, will be discussing the impact of the Open Banking movement globally, the risks and the rewards

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