Jeton selects Konsentus Verify open banking for safety and security

UK-based EMI Jeton, whose services are available in over 100 countries across the world, has chosen Konsentus Verify to protect its customers from unauthorized third parties gaining access to valuable account data and funds.

Jeton, a payment provider, allows its users to securely send money and pay online. Shoppers and merchants use Jeton’s trusted e-wallet and all-in-one account solution to make fast and secure payments, across 70 payment methods and 50 currencies, in more than 100 countries.

Konsentus Verify allows Financial Institutions and other entities to transact securely and safely in the open financial and open banking ecosystems. 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 registers and databases across the EEA, UK, and then passed to the Financial Institution via an API in real time, so that informed risk management decisions may be made.

Saaly Temirkanov, CEO of Jeton, commented: “Ensuring we keep our customers’ data and funds safe and secure has always been our priority. Implementing Konsentus Verify means we can satisfy growing customer demand for digital payments, confident in the knowledge that transactions are being safeguarded.”

Mike Woods, CEO, Konsentus, stated: “Jeton prides itself on its security standards and ensuring it can provide its customers with fast and secure access to data and funds. Working across markets and with multiple third parties increases Jeton’s exposure to risk, so we are delighted to partner with them so they can continue to provide trusted and secure payment solutions to their customers.”

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