Fiorano Software, a leading Enterprise Middleware, Integration and API Management specialist, announced today that it has added Third Party Provider (TPP) Identity & Regulatory checking services from Konsentus, a UK based Regtech company providing live SaaS-based APIs to check TPP identity & regulatory status, to its ready-to-deploy PSD2 platform to provide enhanced support to Financial Institutions (FIs) working towards PSD2 compliance.
Whilst the first major deadline passed on 14th March, whereby FIs had to make their ASPSP interfaces available for external testing, the next major PSD2 deadline is 14th September 2019 by when FIs must demonstrate the effective application of all EBA Technology mandates, including X2SA, SCA and CSC.
Together, Mastercard and Konsentus are keen to ensure Financial Institutions have access to the right tools not only to meet their regulatory obligations, but also to enable them to realise the full potential of the open banking opportunity, whilst fully addressing their customers’ growing needs and expectations.
Konsentus is a RegTech company that was established to provide consent & preference management services to financial institutions so that they can comply with PSD2 and open banking. Konsentus issue the consent management tokens on behalf of financial institutions through a SaaS platform, enabling them to comply with EU regulation and provide open banking services to their customers, confident in the knowledge that they are only providing data to Third Party Providers (TPPs) who are regulated, and have the customers “explicit” consent to use their data.
The company was founded by three Financial Service industry veterans seeking to deliver a simple and easy way FIs can comply with the new PSD2 regulations for open access.
Headquartered in the UK, just outside of London our team of professionals are creating a world class solution for every FI in Europe. We are delivering this through utilizing the best in open standards, coupled with unique solutions and most of all a belief that we can deliver for clients a cost-effective solution to their regulatory requirements.
Fiorano Software, a Silicon Valley USA (California, 1995) based Corporation is a provider of Enterprise Integration Middleware, high performance messaging and peer-to-peer distributed systems. Fiorano operates through its worldwide offices and a global network of technology partners and value-added resellers. Global companies including NASA, AT&T Wireless, Federal Bank, Rabobank, Bank of Kigali, Commercial Bank of Africa, Canadia Bank, IG Index and the NHS have deployed Fiorano to drive innovation through open, standards-based, event-driven, real-time solutions yielding unprecedented productivity.