Konsentus Secures Open Banking Deal with Enfuce in Finland

Finnish fintech firm has selected Konsentus’ infrastructure platform, Verify, which allows financial institutions to transact within open banking and open finance ecosystems. 

Reading-based Konsentus is worth reading about as it has picked up an open banking deal with Finnish fintech firm Enfuce.

Enfuce has selected Konsentus’ infrastructure platform, Verify, which allows financial institutions to transact within open banking and open finance ecosystems.

Verify is a SaaS solution that checks a third party’s identity and regulatory status each time it attempts to access a financial institution’s open banking API. The information is sourced in real-time directly from the databases and registers across the EEA and UK and passed back to the institution via an API.

Niklas Apellund, Co-Founder and CTO at Enfuce, comments: “Providing our customers with a fast and efficient PSD2 API which enables the secure exchange of data and funds is our primary focus. Embedding Konsentus Verify into our wider managed service offering will allow us to deliver on this promise to our customers.”

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Enfuce offers payment and open banking services to banks, fintechs, financial operators and merchants.

It was established in 2016, has 100+ employees in the Nordics and has close to 16 million end-users on its platform.

Konsentus was incorporated in 2018.

Last month it got a deal with payment provider EMI Jeton, whose services are available in over 100 countries.

That fintech firm chose Verify to protect its customers from unauthorised third parties gaining access to account data and funds.

Prior to that, Finologee, a digital platform operator of compliant systems and APIs, selected Verify to protect its clients using its ‘PSD2 for Banks’ platform.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.

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