ABN AMRO subsidiary Moneyou selects Konsentus for PSD2 Third Party Provider (TPP) Identity and Regulatory checking capabilities.
TPP Identity and Regulatory checking is a vital component of the PSD2 directive.
Consequently, working with Konsentus ensures that Moneyou remains PSD2 and GDPR compliant. In particular it ensures that Moneyou only provides authorised and regulated third parties with access to their customers’ transaction accounts.
Moneyou has over 500,000 customers in the Netherlands, Germany, Belgium and Austria.
As a SaaS-based platform delivered via an API, Konsentus offers a plug-and-play solution. Specifically, it will integrate into Moneyou’s in-house digital API platform and their essential core banking functions.
Moneyou selects Konsentus: ground-breaking customer centricity
The result says Konsentus is a ground-breaking customer-centric banking experience.
Theo van Bon, COO Moneyou says: “We strive to incorporate the latest technology and solutions in a smart way. This ensures that we offer a first class digital banking experience to our customers.
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By GlobalData“Konsentus supports us in ensuring we protect our customers in line with the PSD2 open banking directive. Any time our Moneyou customers access and use their accounts they can do so with complete confidence.
“In particular, that the regulatory status of any third-party payment service providers accessing their accounts has been checked by Konsentus.
Mike Woods, CEO at Konsentus adds: “We are delighted to deliver our services to Moneyou.
“As an innovative bank priding itself on offering a simple and frictionless customer experience, Konsentus is an ideal technology platform. Our solution allows Moneyou to have confidence that they can expand their services offering a consistent experience for their customers.
Earlier this month, Mastercard led a multi-million Pre Series A financing round for Konsentus.
And Konsentus’ successful fund raising follows the signing of a number of strategic partnerships.
For example, Konsentus teamed up with fintech Neonomics in May.
In addition, Konsentus signed agreements with seven partners, Epiphany Srl, Fiorano, Forgerock, Paymentology, PSI-Pay, Transact payments and Tribe in March.