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Konsentus and Openitio collaborate on PSD2 implementation

Source: Konsentus

PSD2 technology platform and interface provider, Openitio, partners with identity and regulatory checking solution provider Konsentus to offer Financial Institutions a quick and easy way to comply with PSD2 MCI publishing requirements, and the imminent March 14 deadline in UK.

London headquartered Openitio delivers ready to install PSD2 interface technology as required under the PSD2 regulation. Their Modified Customer Interface (MCI) can be configured with no impact or dependency on existing systems and, set up in days.

Konsentus is the only SaaS solution in the market providing Financial Institutions PSD2 technology platform and interface provider, Openitio, partners with identity and regulatory checking solution provider Konsentus to offer Financial Institutions a quick and easy way to comply with PSD2 MCI publishing requirements, and the imminent March 14 deadline in UK.

London headquartered Openitio delivers ready to install PSD2 interface technology as required under the PSD2 regulation. Their Modified Customer Interface (MCI) can be configured with no impact or dependency on existing systems and, set up in days.

Konsentus is the only SaaS solution in the market providing Financial Institutions with real-time Third Party Provider (TPP) identity & regulatory checking services. Konsentus consolidates data across 70+ Qualified Trust Service Providers (QTSPs), 31 National Competent Authorities (NCAs) and EBA Registers, providing it in real-time to Financial Institutions through a simple cloud-based API. This enables Financial Institutions to ensure they only ever give known and regulated TPPs access to end user accounts.

Together Openitio and Konsentus offer Financial Institutions across the UK and Europe a simple, quick and easy way to comply with PSD2 regulatory requirements whilst also ensuring they are reducing their exposure to risk and potential fraud.

Brendan Jones, CCO Konsentus said “The combined Openitio and Konsentus offering removes any barriers to being PSD2 compliant. The plug and play pre-integrated solution gives Financial Institutions the confidence they need to continue innovating and growing their business without needing to worry about regulation and risk”.

Bhupinder Saini, CTO Openitio said “We are delighted to collaborate with Konsentus. Our combined solutions are easy and fast to integrate with existing systems and processes. Financial Institutions can be compliant quickly in the Open Banking ecosystem whilst knowing their customers’ data is being protected.”

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