Fintech Enfuce Selects Konsentus Verify for Secure Open Banking

​​Enfuce, which claims to be one of the fastest-growing Fintech firms in Europe, has reportedly chosen Konsentus Verify in order to protect its clients from unauthorized/fraudulent third parties gaining access to account data and funds.

Enfuce offers a modern, flexible, scalable, open banking service that is “safe” and compliant.

Their embedded payment experience offers the features and products that their clients want within a secure environment.

Konsentus Verify is an infrastructure platform supporting financial institutions with transacting safely and securely within the open banking and open finance sectors.

Verify checks a third party’s identity and regulatory status every time it tries to access a financial institution’s open banking API.

The information gets sourced in real-time from various databases and registers across the EEA and UK and then gets passed back to the financial institution in real-time via a single API, so informed risk management decisions are made.

Niklas Apellund, Co-Founder & CTO at Enfuce stated:

“Providing our customers with a fast and efficient PSD2 API which enables the secure exchange of data and funds is our primary focus. Embedding Konsentus Verify into our wider managed service offering will allow us to deliver on this promise to our customers.”

Mike Woods, CEO, Konsentus, said:

“Enfuce is known for technical excellence and security standards. By seamlessly integrating their products into the customer experience flow without compromising on safety or speed, they are well-positioned to be at the forefront of open banking implementation across Europe.”

As covered, MyApp, complementing Enfuce’s turnkey solution Card as a Service, is a white-label mobile app “with all the features of a modern card management.”

With MyApp, Enfuce now “allows its customers to move to market with their new payment products in a more complete form.”

As explained in the update, the advantage of a white-label app is that it “saves time and money for app development.”

MyApp is developed, released, and maintained by Enfuce which means that “no resources are required from the customer to either build or keep the app up-to-date and secure.”

The business can “concentrate on their payment product and let Enfuce help to launch the app in as fast as eight weeks.”

Matti Rusila, Director of Product at Enfuce, said:

“Mobile apps are today seen as a mandatory part of any card product. We don’t want it to be a constraining factor for our customers. Instead, we help them with our development. MyApp supports our customers when they want to test their new products on the market with the features and branding they choose.”

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