Konsentus provides identity and regulatory checking of Third Party Providers (TPPs) to ensure Financial Institutions (FIs) across Europe are PSD2 open banking compliant. Delivered on a SaaS basis through a restful API, the Konsentus solution is quick to implement. With customers and partners including Mastercard, GPS, Wirecard, PSI Pay, TPL Konsentus are the leading provider in the Fintech space. Konsentus offers:
- eIDAS Certificate Checking – Konsentus validates a TPPs eIDAS certificate(s) in real-time via the relevant QTSP. This gives the FI confidence that the TPP connecting to its open banking API is a PSD2 recognised service provider (i.e. proven identity).
- TPP Regulatory Checking – Konsentus holds a register of all regulated entities across Europe. Every time a TPP attempts to access an FIs open banking API, Konsentus checks in real-time the regulated status of the TPP and advises the FI as to what regulatory status is held and for what services.
- OAuth2.0 Tokenisation Issuance & Management Services – For certain open banking services, PSD2 schema require FIs to issue OAuth2.0 tokens (Access Tokens) to TPPs.
All the services are supported by an immutable audit log, that provides the FI with a system of record of all actions and activity that took place.