Finologee implements Konsentus Verify technology

Thursday 2 December 2021 12:17 CET | News

Finologee has chosen Konsentus Verify to protect the institutions they serve with its ‘PSD2 for Banks’ platform from the risk of unauthorised third parties gaining access to customer data and funds.

Finologee serves more than 100 banks, institutions, and corporate clients. With its ‘PSD2 for Banks’ compliance platform, it enables 35 financial institutions to meet their regulatory obligations by providing a secure framework to permit access to their clients’ accounts by third party providers.

Konsentus Verify is an infrastructure platform enabling financial institutions to transact safely and securely within the Open Banking and Open Finance ecosystems by performing real-time identity and regulatory checking services. By checking a third party’s legitimacy and current regulatory status, each time a transaction request is made, Verify ensures that account access is never given to fraudulent third parties. 

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, Open Banking, fraud prevention, PSD2, transactions
Categories: Fraud & Financial Crime
Countries: Luxembourg
This article is part of category

Fraud & Financial Crime