Konsentus Powering Trust in Open Ecosystems

Konsentus and Software AG sign global open banking partnership

Software AG (Frankfurt TecDAX: SOW), has signed a commercial partnership with Konsentus to help banks securely participate in the open banking ecosystem.

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Open banking and open finance level the playing field in financial services and provide opportunities to innovate around customer service and new financial products. However, while this ecosystem increases the number of connections, the correlating increase in security and management requirements can stifle some organizations. Konsentus and Software AG are addressing these security and control challenges for banks, whilst also allowing them to capitalize on the customer experience opportunities of open banking in a cost controlled manner.

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