Konsentus solution supports checking of Open Banking Implementation Entity (OBIE) issued certificates

Share this post

Konsentus today confirms that its Third-Party Provider (TPP) identity and regulatory checking solution can verify and validate the identity of TPPs who have been issued with Open Banking Implementation Entity (OBIE) Directory issued certificates, as well as those who have been issued with eIDAS certificates by Qualified Trust Service Providers (QTSP) in accordance with PSD2.

Konsentus, provides TPP identity and regulatory checking services to help Financial Institutions comply with PSD2 Open Banking. The Konsentus solution consolidates data in real-time across a multitude of databases and registers to ensure Financial Institutions only ever provide data to TPPs who are regulated and have customers’ explicit consent to use their data.

The identity checking element of the Konsentus service is based on the validation of a TPP’s eIDAS certificate.

The OBIE Directory Certificate Authority mimics the behaviour of a QTSP with the certificates they issue, therefore Konsentus can validate the certificates in the same way as it does for the QTSP issued certificates.

With access to the OBIE Directory root keys, the Konsentus platform can check and validate the identity of TPPs to securely interact with Financial Institutions who have implemented the OBIE API read/write specifications, in the same way that it does for TPPs using eIDAS certificates. The response, provided to the Financial Institution, will indicate that the certificate was issued by the OBIE Directory as opposed to a QTSP.

Mike Woods, CEO Konsentus commented “Our solution can verify and validate a TPP regardless of whether they are using an eIDAS certificate or an OBIE issued certificate to identify themselves. Financial Institutions across the EEA can be confident that our plug and play SaaS solution is quick and easy to implement, helping them identity potentially fraudulent TPPs, therefore reducing risk and mitigating fraud”.

More To Explore

Membership

Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.

Welcome

Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?