Enfuce chooses Konsentus Verify for secure Open Banking

Monday 20 June 2022 12:20 CET | News

Enfuce has chosen Konsentus Verify to protect its customers from unauthorised or fraudulent third parties gaining access to account data and funds.

Enfuce provides a flexible, scalable, Open Banking service that is both safe and compliant. Their embedded payment experience delivers the features and products that their customers want within a safe and secure environment.

Konsentus Verify is an infrastructure platform enabling financial institutions to transact safely and securely within the Open Banking and Open Finance ecosystems.

Verify checks a third party’s identity and regulatory status each time it attempts to access a financial institution’s Open Banking API. The information is sourced in real-time directly from the hundreds of databases and registers across the EEA and UK and passed back to the financial institution in real-time, through a single API, so informed risk management decisions can be made.

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Keywords: partnership, Open Banking, fraud prevention, data, compliance
Categories: Fraud & Financial Crime
Companies: Enfuce, Konsentus
Countries: World
This article is part of category

Fraud & Financial Crime




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