Konsentus

Konsentus Limited is a London-based company that specializes in providing consent and preference management services for financial institutions, enabling them to comply with the European Union's PSD2 regulations on open banking. Founded in 2018 by industry veterans, Konsentus has developed a software-as-a-service (SaaS) platform that offers identity and regulatory checking services. This platform validates eIDAS certificates and the regulatory status of third-party providers (TPPs), ensuring that each TPP is legitimate and authorized by relevant national authorities. Konsentus also issues consent management tokens, utilizing OAuth2.0 technology to facilitate the management of consumer consents. By leveraging open standards and innovative solutions, Konsentus aims to provide cost-effective compliance solutions for financial institutions across Europe, helping to protect customers and partners from the risks associated with open banking fraud.

Jim Wadsworth

EVP, Strategic Market Development

1 past transactions

Open Banking Europe

Acquisition in 2021
Open Banking Europe (OBE) facilitates collaboration among market participants to transform regulatory requirements into practical applications. The organization focuses on providing regulatory services to payment service providers and third-party providers, fostering an environment for sharing experiences and addressing challenges. By engaging with regulators and international standards bodies, OBE identifies market issues and promotes awareness while developing solutions through guidance, standards, and tools. This approach aims to enhance security for consumers during digital transactions, ensuring that stakeholders can navigate the evolving landscape of open banking effectively.
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