Bankdata and Konsentus Team Up to Keep Danish Banking Safe
Good news for Danish banks and their customers: Bankdata, the IT powerhouse behind the country’s biggest banks, has just chosen Konsentus Verify to shield every one of its clients from rogue third‑party providers (TPPs). The move comes at a time when the EU’s PSD2 law has opened the doors for open banking—but with that freedom comes a risk of fraud that can’t go unchecked.
What’s at Stake?
Under PSD2, regulated TPPs can now initiate payments and peek into customers’ account data. While that’s great for users, it also means banks must vet each partner thoroughly. A single slip‑up could let a malicious party siphon sensitive information.
Enter Konsentus Verify
Think of Konsentus Verify as the bank’s bodyguard. It’s a software‑as‑a‑service API that does two things:
- Identity check – make sure the TPP is who it claims to be.
- Regulatory compliance – confirm the provider is fully authorised by the relevant authorities.
Because it’s API‑based, it plugs straight into a bank’s existing risk framework. “We’re the only solution on the market that gives real‑time, foolproof checks for TPPs,” says Konsentus. After installation, banks can rest easy knowing every partner is locked in compliance mode.
Why Bankdata agrees
Senior Consultant Allan M. Thomsen explained the decision: “We pick new tech that helps our banks grow and stay competitive. Our clients need to feel confident opening up their data to third‑party services. Konsentus Verify fits right beside our current risk tools, guaranteeing that only properly regulated TPPs, with user consent, can access accounts.”
CEO’s Take
CEO Mike Woods added: “Bankdata builds and runs high‑quality IT systems for our partners. We’re thrilled they see how Konsentus Verify can offer a safe, secure Open Banking experience—protecting against fraud the way a detective protects a vault.”
Broader Impact
With Bankdata’s endorsement, a growing list of financial institutions is tightening their gates against unauthorized or fraudulent TPPs. The result? A safer, more trustworthy open‑banking ecosystem for everyone.
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