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With the introduction of PSD2 and open banking regulations, financial institutions are tasked with complying with new standards for consumer data and privacy protection. Konsentus is a startup that provides consent and preference management services to these institutions, ensuring that they are able to meet regulatory requirements while giving consumers control over their data.
Consent Management Tokens: The Solution for Compliance
Konsentus provides consent management tokens on behalf of financial institutions through a SaaS platform. These tokens are used to grant access to consumer data to third-party providers in compliance with PSD2 and open banking regulations. Each time a token is used, Konsentus checks that the third party is regulated, ensuring that the consumer’s data is secure.
Konsentus also provides preference management services, allowing consumers to specify exactly which data they want to share with third parties. This empowers consumers to control their data while allowing financial institutions to comply with regulations.
Founded by Industry Veterans
Konsentus was founded by three Financial Service industry veterans seeking to deliver a simple and easy way for financial institutions to comply with the new PSD2 regulations and open banking. Headquartered in the UK, just outside of London in the M4 technology corridor, their team of professionals is creating a world-class solution for financial institutions across Europe.
Best-in-Class Technology and a Cost-Effective Solution
Konsentus delivers their consent and preference management services through utilizing the best in open standards, coupled with unique solutions. They believe in delivering a cost-effective solution to meet their client’s regulatory requirements.
Their platform is easy to integrate with existing financial technology systems, making it simple for financial institutions to begin using their services. For consumers, Konsentus provides a transparent, secure, and efficient way to share their data with third parties.
Konsentus is a startup that is truly at the forefront of innovation in the finance industry. By providing consent and preference management services to financial institutions, they are helping to ensure that consumers’ data is protected while also allowing financial institutions to comply with new regulations. With their easy-to-use platform and commitment to innovation, Konsentus is well-positioned for growth in the years to come.
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