Subscribe
|
|
|
|
|
|
|
News

Konsentus launches Open Finance solution

Thursday 1 July 2021 09:13 CET | News

Konsentus has announced that it has expanded its product range to help accelerate the digital transformation journey from Open Banking to Open Finance.

Konsentus Verify, an Open Banking fraud and risk management service, is ready to support Open Finance. The company has responded against a backdrop of increasing risk and fraud concerns, brought about by the expanding Open Data economy, to enable Konsentus Verify to validate Open Finance participants – both regulated and non-regulated organisations. 

In addition to checking EU and UK regulated payment service providers, Konsentus Verify can validate data from Open Finance schemes, premium (API) schemes, and trusted organisations.

The technology solution has been built to adapt and scale in response to the complex and changing regulatory landscape. Konsentus Verify for Open Finance brings together disparate data from regulated and non-regulated sources into a single platform. This enables a financial institution to verify in real-time the identity and current authorisation status of a third party through a single interface, regardless of the authorisation scheme. 

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: Open Banking, Open Finance, Open Data Economy, product launch, Konsentus
Categories: Banking & Fintech
Companies:
Countries: United Kingdom
This article is part of category

Banking & Fintech

::: more





Industry Events

Free Headlines ::: subscribe now
RSS ::: follow ThePaypers via RSS ::: connect
LinkedIn ::: connect with ThePaypers on LinkedIn ::: connect
Twitter ::: follow ThePaypers on Twitter ::: follow
Facebook ::: like ThePaypers on Facebook ::: like