FinExtra: Open banking regtech Konsentus closes funding round
Konsentus closes investment round led by Conviction Investment Partners
Providing a common API for third parties to connect to banks is a win-win solution. Financial institutions don’t have to build their own API and third parties have access to all the financial institutions that have implemented your API.
However, providing an API alone is not enough to provide your customers with PSD2 regulatory compliance. Simply integrate the Konsentus solution to provide Third-Party Provider identity and regulatory checking services on behalf of your customers.
Our cloud-based Software as a Service (SaaS) solution consolidates data from a multitude of regulatory databases and registers. We provide this to you in real-time enabling you to validate the identity and regulatory status of TPPs before passing their request for data or payment initiation through to your customers.
Available through simple cloud-based RESTful APIs, our easy to implement service helps you ensure your customers only ever give end user data to legitimate and regulated Third-Party Providers (TPPs), helping them reduce risk, limit liability and fight fraud.
We provide you with easy access to our sandbox and technical team to support you through development, integration and testing.
Konsentus closes investment round led by Conviction Investment Partners
15th September 2020. Konsentus agrees with the FCA’s proposed changes to Article 34 of the UK-RTS which would amend the open banking identification requirements (eIDAS certificate) for UK third-party providers (TPPs).
14th October 2020. Register now for a detailed discussion on the Konsentus Q3 TPP Tracker and API projections for selected countries.
Analysis of different open banking adoption rates and how API volumes in selected countries within the EEA could be affected
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