RegTech solutions provider Konsentus has today announced success after being shortlisted in the finals of the Cards and Payments Awards 2019, within the category for the Best Payments Industry Newcomer.
The nomination will see Konsentus go head to head with industry innovators Arro Money, ClearBank, MuchBetter and Token in the annual awards ceremony, which recognises the highest levels of customer service, business excellence and innovation across both UK and Irish cards and payments industries. Now into its fourteenth year, the highly-acclaimed awards ceremony brings together the best organisations operating in the sector, before an independent panel of industry experts select winners from the shortlisted nominees.
Since its inception, the Konsentus mission has been to build confidence in open banking, delivering a unique end-to-end proposition combining Third Party Provider (TPP) Identity and Regulatory checking with access token issuance to ensure Financial Institutions (FIs) can meet their PSD2 open banking regulatory requirements. The Cards and Payments Awards 2019 nomination has served as recognition of the company’s innovative and much-needed proposition as FIs race to design and build their TPP solutions for external testing by March 14th 2019. This nomination quickly follows being finalists in the Payment Awards, BBVA Global RegTech Open Talent event and Money2020 Europe.
The Cards and Payments Awards 2019 were held on Thursday 7th February 2019 at The Grosvenor House Hotel, in London’s Park Lane.
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.