Enfuce, one of the fastest-growing fintechs in Europe, has chosen Konsentus Verify to protect its customers from unauthorised or fraudulent third parties gaining access to valuable account data and funds. Enfuce provides a modern, flexible, scalable, open banking service that is both safe and compliant. Their embedded payment experience seamlessly delivers the features and products that their customers want within a safe and secure environment.
Konsentus Verify, an infrastructure platform that enables Financial Institutions to transact securely and safely within the open banking/open finance ecosystems, is called Konsentus Verify. Verify checks a third party’s identity and regulatory status each time it attempts to access a Financial Institution’s open banking API. This information is sourced from hundreds of databases across the EEA, UK, and then passed to the Financial Institution via a single API in real time, so that informed risk management decisions may be made.
Niklas Apellund, Co-Founder & CTO at Enfuce commented: “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.”
Mike Woods, CEO, Konsentus, stated: “Enfuce is known for technical excellence and security standards. By seamlessly integrating their products into the customer experience flow without compromising on safety or speed, they are well-positioned to be at the forefront of open banking implementation across Europe.”