Future of Payments
January 22, 2025
Konsentus, a RegTech solutions business, which facilitates checking the identity and regulatory status of Third-Party Providers (TPP), enabling Financial Institutions (FIs) to be PSD2 open banking compliant, is pleased to announce an update to their TPP regulatory checking sandbox so that it now offers solutions based on the United Kingdom Open Banking Implementation Entity (OBIE) standards.
Konsentus will launch the OBIE Standards Sandbox at Pay Expo, taking place 9 – 10 October at the Business Design Centre, London, where UK Open Banking takes centre stage with Imran Gulamhuseinwala, Implementation Trustee at the OBIE providing the opening keynote on the progress made to date, and the potential and opportunities that lie ahead for open banking.
The OBIE is one of a number of organisations including: STET, The Berlin Group, PolishAPI Project etc. that are designing the specifications for the APIs that FIs use to securely provide open banking services and to support regulated TPPs and FIs to use the PSD2 open banking services. None of these standards are mandatory, and FIs can decide to develop their own APIs independently as long as they comply with PSD2 regulation.
Konsentus will announce shortly further developments to support the other standards in their Sandbox for TPP identity and regulatory checking.
With the Konsentus TPP identity and regulatory checking OBIE sandbox, FIs and developers will be able to build and test, in advance of the March 14, 2019 deadline, the essential checking services that support PSD2 open banking compliance if they are using the OBIE standards. Konsentus, with their real-time, on-line identity and regulatory checking of TPPs, assists FIs to comply with PSD2 and ensure only regulated TPPs can access Payment Service Users accounts.
Brendan Jones Chief Commercial Officer of Konsentus said “FIs now have less than 6 months to develop, test and build their PSD2 open banking solutions, before the March 2019 deadline when they need to be live for external testing. With the severe time pressure upon them, the availability of this TPP regulatory checking sandbox will be a crucial aid to the payments industry as they work towards proving their compliance, and we are pleased to announce at the time of PayExpo the launch of a solution based on the OBIE API standards.”
Konsentus will be exhibiting at Pay Expo in the Minicorn Club, which recognises some of the brightest new companies supporting the Payments industry. To arrange a demo, contact: [email protected].
Financial Institutions looking to access the Konsentus Stub APIs, Swagger documentation and OBIE PSD2 open banking regulatory checking sandbox are requested to email [email protected]
Contact:
[email protected]
+44 (0) 7714 753308
www.konsentus.com
About Konsentus: Konsentus is a RegTech company that was established to provide identity and regulatory checkign services to financial institutions so that they can comply with PSD2 and open banking. Konsentus also issue the consent management tokens on behalf of financial institutions through a SaaS platform, enabling them to comply with EU regulation and provide open banking services to their customers, confident in the knowledge that they are only providing data to Third Party Providers (TPPs) who are regulated, and have the customers “explicit” consent to use their data.
The company was founded by three Financial Service industry veterans seeking to deliver a simple and easy way FIs can comply with the new PSD2 regulations for open access.
Headquartered in the UK, just outside of London our team of professionals are creating a world class solution for every FI in Europe. We are delivering this through utilizing the best in open standards, coupled with unique solutions and most of all a belief that we can deliver for clients a cost-effective solution to their regulatory requirements
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.
We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.
Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.
Please click the button below which relates to the issue you’re having.
Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association
Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.
For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.
The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.
Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.
Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.
For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.
