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Payments General

Konsentus selected by Moneyou for PSD2 TPP identity and regulatory checking

Friday 21 June 2019 | 09:34 AM CET

Moneyou, a subsidiary of ABN AMRO, has selected Konsentus, a UK-based regulatory tech provider, to support the rollout of their PSD2 Open Banking offerings.

Konsentus will provide Moneyou with third party provider (TPP) identity & regulatory checking – a vital component of the Second Payment Services Directive – and allow Moneyou to remain PSD2 compliant. It will also ensure that it remains complaint with the General Data Protection Regulation (GDPR) as they only provide authorised and regulated third parties with access to their customers’ transaction accounts.

As a software-as-a-service (SaaS) based platform delivered via an API, Konsentus offers a plug-and-play solution that will integrate into Moneyou’s in-house digital API platform and their essential core banking functions.

Konsentus helps financial institutions comply with their PSD2 obligations by the 14 September 2019 mandates.

More: Link
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