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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
Konsentus New Products Launch

Konsentus launches new solutions to meet the requirements of the open data economy in response to increasing market demand 

Find out more
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