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Interview
Exclusive interview: Konsentus backstory and the acquisition of OBE from PRETA Friday 29 January 2021 10:12 CET | Editor: Oana Ifrim | Interview
The Paypers sat down with
Mike Woods, CEO of
Konsentus, to discuss the drivers and motivations behind the founding of Konsentus and future growth plans for the Konsentus Group following the acquisition of OBE from PRETA
What is the story of Konsentus? What are your target segments and markets reach? What problems does the company solve and for whom?
Headquartered in the UK, Konsentus was set up in January 2018 to enable financial institutions (FIs) to comply with PSD2 Open Banking regulation and to protect customer account data and funds from the risk of Open Banking fraud.
Konsentus has acquired Open Banking Europe S.A.S. from PRETA.
Open Banking Europe S.A.S., a 100% owned subsidiary of Konsentus Limited, will remain a separate operating entity which will continue to be led by John Broxis. The software solutions of Open Banking Europe will be directly integrated into the Konsentus business.
Formed in June 2017, the Open Banking Europe (OBE) initiative has been hugely successful in bringing together market participants to turn regulatory requirements into operational reality. The initiative provides its members with a collaborative environment to identify market issues and problems, championing awareness and creating solutions via guidance, standards and tools.