In the interconnected world of open data ecosystems, trust is non-negotiable. The rapid exchange of sensitive data between participants through open APIs demands a reliable system to verify identities, validate regulatory permissions, and safeguard interactions.
As open ecosystems grow to embrace new participants, establishing trust at the point of interaction becomes essential. Trust is built on three core principles:
Knowing exactly who you are interacting with
Verifying participants have the correct permissions and are permitted to operate
Ensuring the data exchanged is accurate, secure, and unaltered
Without these elements, the promise of innovation in open ecosystems risks being undermined by inefficiency and mistrust. That’s where Directory Services play a crucial role.
Directory Services act as the backbone of open ecosystems, enabling all participants to verify, authenticate, and interact confidently.
Without a trusted directory, the ecosystem risks delays, fraud, and inefficiencies that could erode confidence in open banking systems.
Konsentus Directory Services, a core element of the Konsentus Open Trust Platform, provide a trusted, centralised repository of real-time information about third party fintechs and financial institutions. Our services integrate seamlessly with your systems to enhance operational efficiency, mitigate risk and enable secure API connectivity with real-time updates.
Confirm that third parties (i.e. fintechs) and financial institutions are legitimate and authorised
Maintain adherence to regional and global regulations, reducing risk exposure
Enable real-time verification for frictionless and secure API calls
Konsentus specialises in creating secure and transparent open ecosystems, and has a proven track record in supporting European Open Banking since the very start. Our Open Trust Platform and Directory Services ensure real-time access to the data you need to verify participants and build trust across the open value chain. By leveraging our centralised technology solutions, you gain peace of mind, knowing your ecosystem operates within a secure network of verified and compliant participants.
