Using Konsentus services, FIs enable their customers to securely participate in the open banking eco-system, confident in the knowledge that their data will only be provided to approved TPPs.
Konsentus holds the consumer consents and preferences after the FI has carried out Strong Customer Authentication (SCA) with the Payment System Users (PSUs) and issues the access token to the FI. This is passed to the TPP who uses it each time they want to access PSU data via the FI’s API. The access token binds the PSUs “explicit consents” with their nominated accounts, the period for which access has been granted and the TPP.
Konsentus provides a complete management suite of services that enable PSUs, via their online bank portal/app, to have full visibility of whom they have given consented access to, and to proactively manage those consents and preferences.