Konsentus To Accelerate Implementation of Open Banking with Its Open Banking Hub

​Konsentus, an award-winning SaaS solution provider, announced that it has launched an international infrastructure platform—Konsentus Open Banking Hub (OB Hub) with the ability to accelerate a country's implementation of open banking.

Running in a national cloud infrastructure, the solution has end to end functionality and helps create, support and secure vibrant open banking economies across the globe. Further, it removes the complexity involved in setting up a central and secure open banking ecosystem within a country, enabling regulated entities to quickly and easily share data and execute payment transactions with each other.

The OB Hub has three core components, including participant on-boarding and registration services, directory services and certificate authority.

All the above comes with a secure messaging platform for participant to participant messaging reporting and a dedicated helpdesk for support services.

Mike Woods, CEO, Konsentus, commented:“The creation of a central open banking platform enables us to help individual countries realise their open banking ambitions without having to understand, build and execute their own systems. We already deliver first-class technology that's scalable, resilient and built for maximum availability. Data consolidation, standardisation and formatting in a secure real-time, online environment are why we are global leaders in our field and the trusted partner for safe and secure open banking economies.”