Konsentus Launches New Ways to Access the Konsentus Verify Directory

Konsentus today announced that Konsentus’ European trusted data, Konsentus Verify, can now be accessed through [...]The post Konsentus Launches New Ways to Access the Konsentus Verify Directory appeared first on FF News | Fintech Finance.

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September 17 2024 Konsentus today announced that Konsentus’ European trusted data, Konsentus Verify, can now be accessed through an online portal, via a real-time API or a downloadable cache. Financial Institutions in the European Economic Area (EEA) can choose the delivery mechanism that best works for them. For open banking and open finance in Europe, identifying third parties and checking their identity and regulatory status is difficult – the data is disparate and inconsistent.

That’s why Konsentus has brought together the latest available source data on payment service providers (i.e. PISPs, AISPs and ASPSPs acting as third parties), electronic money institutions and credit institutions (acting as either ASPSPs and/or third party providers) into a single directory easily accessible whatever a bank’s requirements.



Konsentus has defined three different service levels to suit organisations large or small: The underlying data remains the same for the three different service levels but what changes is how it is accessed. Financial institutions can now choose the frequency of data feeds to match their business needs. With the framework for Financial Data Access (FiDA) and PSD3 on the horizon, the number of providers that will require checking will increase multi-fold as different financial verticals come together to create a common open ecosystem.

These different data sets will be incorporated into Konsentus Verify enabling Financial Institutions across Europe to seamlessly transition into open finance and beyond knowing their customers’ data is always protected. Mike Woods CEO Konsentus said : “We’ve always been known for providing a trusted source of data to our customers and we’re now delighted to be able to offer the European market the flexibility they’ve been looking for. As we transition to open finance and the ecosystem grows, financial institutions need to know they can depend upon our trusted data source for their identity and regulatory checking – whether that be manual or automated, within their environment or via an API integration.

The choice is now theirs!” Mike Woods Konsentus Konsentus News News Fintech News News.