Konsentus RegTech service will be used by Hampden & Co to ensure a secure implementation of the second Payment Services Directive (PSD2)
UK, 12 September 2019: Konsentus and Hampden & Co announced today that Hampden & Co has selected leading RegTech provider Konsentus to support the roll-out of their offering to implement the second Payment Services Directive (PSD2) for their Private Banking clients.
PSD2 is an industry-wide programme enabling banking clients to better harness the value of their transactional banking data. Konsentus’ regulatory and identity checking solution will be integrated into Hampden & Co.’s digital banking platform to ensure access is only given to fully authorised and regulated third parties.
As a SaaS cloud-based platform powered by an API, Konsentus offers a simple solution to check the identity and regulatory status of Third Party Providers enabling
Financial Institutions to minimise the risk and provide an easy to use service for their clients.
“At Hampden & Co we aim to provide our clients with an exceptional banking service. While this is primarily delivered in person by our Private Bankers, we know that many of our clients also value the convenience that digital services can bring. This will enable our clients to take advantage of the freedoms offered by PSD2, while being confident they are receiving a secure and trusted experience. It has been great to work with Konsentus and to implement their straightforward solution.”
“We are delighted to provide our regulatory & checking services to Hampden & Co. By offering a fast, secure and easy to implement solution, we will enable Hampden & Co to provide their clients with an effortless experience, confident in the knowledge that account data will only ever be provided to third parties who are fully authorised."
About Konsentus
Konsentus is a RegTech company that was established to provide consent & preference management services to financial institutions so that they can comply with PSD2 and open banking. Konsentus issue the consent management tokens on behalf of financial institutions through a SaaS platform, enabling them to comply with EU regulation and provide open banking services to their customers, confident in the knowledge that they are only providing data to Third Party Providers (TPPs) who are regulated, and have the customers “explicit” consent to use their data.
The company was founded by three Financial Service industry veterans seeking to deliver a simple and easy way FIs can comply with the new PSD2 regulations for open access.
Headquartered in the UK, just outside of London our team of professionals are creating a world class solution for every FI in Europe. We are delivering this through utilizing the best in open standards, coupled with unique solutions and most of all a belief that we can deliver for clients a cost-effective solution to their regulatory requirements.
About Hampden & Co
Hampden & Co became the first UK private bank to be established in a quarter of a century when it opened for business in June 2015. Headquartered on Edinburgh’s iconic Charlotte Square and with a London office in Mayfair, offering a full suite of banking services which they tailor to the needs of individual clients. In 2018, Hampden & Co won Private Bank of the Year (UK) at the Spears Wealth Management Awards.
