UK, 12 September 2019: Konsentus and Hampden & Co announced today that Hampden & Co has selected leading RegTech provider Konsentus to support the roll-out of their offering to implement the second Payment Services Directive (PSD2) for their Private Banking clients.
PSD2 is an industry-wide programme enabling banking clients to better harness the value of their transactional banking data. Konsentus’ regulatory and identity checking solution will be integrated into Hampden & Co.’s digital banking platform to ensure access is only given to fully authorised and regulated third parties.
As a SaaS cloud-based platform powered by an API, Konsentus offers a simple solution to check the identity and regulatory status of Third Party Providers enabling
Financial Institutions to minimise the risk and provide an easy to use service for their clients.
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.
Hampden & Co became the first UK private bank to be established in a quarter of a century when it opened for business in June 2015. Headquartered on Edinburgh’s iconic Charlotte Square and with a London office in Mayfair, offering a full suite of banking services which they tailor to the needs of individual clients. In 2018, Hampden & Co won Private Bank of the Year (UK) at the Spears Wealth Management Awards.