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Token.io and Konsentus launch fast PSD2 compliance solution by combining Turnkey PSD2 API with automated TPP Verification

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27th March 2019: Open banking Third Party Provider (TPP) Identity & Regulatory checking specialist, Konsentus, and turnkey open banking platform provider, Token.io, today announce a strategic partnership to provide European financial institutions (FIs) with a fast and powerful combined solution for PSD2 compliance.

With PSD2’s Regulatory Technical Standards (RTS) deadline passed, European FIs are under pressure to move quickly to deliver open APIs for testing. The Token and Konsentus partnership enables FIs to fast-track PSD2 compliance by connecting to a managed combination of two best-of-breed open banking technology platforms.

By connecting banks and FIs to its SaaS PSD2 API, Token can provide the functionality required by the RTS including readiness for external testing and readiness for full production by 14th September. Konsentus’ SaaS platform simultaneously conducts automated checking and verification of TPPs that are requesting data and payment access to banks.

Maximising their open banking connectivity and turning regulatory due diligence into a market differentiator will enable FIs to establish a serious competitive advantage in open banking, as well as establishing PSD2 compliance in the shortest possible timeframe.

Brendan Jones, Chief Commercial Officer, Konsentus, comments: “Combining our identification and regulatory checking services with Token’s open banking platform delivers a true fast-track to compliance. Together, our ‘plug and play’ proposition is really powerful, especially for those under pressure to meet the regulatory requirements.”

“The clock is counting down for banks that are not yet compliant,” adds Marten Nelson, Co-founder, Token. “Our proposition with Konsentus not only gives these players a helping hand towards compliance but puts them in a position of strength for when the game really begins later this year.”

The combined solution is based on TokenOSTM which delivers flexible, open APIs and programmable money technology, with the operational support, consent management, monitoring and reporting required to achieve compliance and develop new value-added services.

Konsentus provides fully automated (TPP) identity and regulatory checking services that ensure FIs only provide payment initiation and account information data to regulated TPPs which have demonstrably secured their customers’ consent.

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Media contacts:

Konsentus: Katrina Dixon


+44 (0) 7714 753308



Token: Beckie Richardson


+44 (0) 113 350 1922


About Token

Token is a technology company with headquarters in San Francisco and offices in London and Berlin. Token’s open banking platform helps banks achieve PSD2 compliance quickly and cost-effectively, and generate new revenue streams. It also allows banks and other players in the payments ecosystem, such as merchants and payment processors, to build bank direct payment methods and data aggregation solutions for their customers. The platform raises security, and reduces fraud and disintermediation. Unlike in-house developed solutions, Token supports the same API across all banks.

Token.io Limited is authorised as an AISP and as a PISP by the FCA in the UK and has passporting rights in an additional 20 countries.

Token’s team combines years of highly successful execution and innovation in the technology, banking and security sectors. The Token team comes from top companies like Google, Apple, Microsoft, Barclays, ACI Worldwide, HSBC, Twitter, and Square. Token’s CEO and Founder, Steve Kirsch, has invented several groundbreaking Internet technologies and has had multiple billion dollar exits.

Token is a recognised industry leader, winning Best Payments Newcomer in the 2019 Card and Payments Awards; Fintech Start Up of the Year in the 2019 FStech Awards; and the Open Banking category in the 2018 London Institute of Banking & Finance Financial Innovation Awards. Token was also named as one of the top ten companies to watch globally in the 2017 Financial Times Future of Fintech shortlist and named in CB Insights’ 2017 global annual ‘The Fintech 250’ ranking.

For further information, please consult: www.token.io or follow us on Twitter: @token_io and LinkedIn.

About Konsentus

Konsentus is a RegTech company, that was established to provide Identity and Regulatory checking 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 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.

For more information please visit www.konsentus.com.

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