Konsentus today announced that two senior members of the commercial team at the Open Banking Implementation Entity (OBIE), have joined Konsentus as VP, Business Development, to scale up operations as Open Banking takes off across the UK and Europe.

Paul Hughes, most recently, Head of Business Development at the OBIE, also held senior positions at Vocalink, U.S. Bankcorp (Elavon), RBS and Barclays. He is joined by Peter Mortlock, a senior Sales Executive from OBIE whose extensive payments experience includes roles with Vocalink, Snatch and Verifone.

Konsentus is the only SaaS based API solution in the market that protects Financial Institutions from the risk of fraud through deployment of its real-time Third-Party Provider (TPP) identity & regulatory checking services. When a Financial Institution gives access to a TPP through their dedicated interface, they need to be confident that they are not putting their customer’s data at risk. Konsentus Verify is a solution that Financial Institutions can quickly and easily deploy performing PSD2 TPP Identity & Regulatory checking on their behalf to help reduce fraud and mitigate risk.

Paul Hughes stated: “This is a really exciting time to be joining Konsentus. They have a world-class product, Konsentus Verify, which is cost-effective and easy for Financial Institutions to implement, and ensures they protect themselves from Open Banking related fraud and risk. The quality of the data Konsentus provides is unsurpassed in the market – no matter where in the EEA a TPP request is made, Financial Institutions can be confident that their customers are being protected.”

Mike Woods, CEO at Konsentus, commented: “I am delighted that Paul and Peter have joined the team at Konsentus. They both bring a wealth of industry and C-level engagement experience with them, winning multi-million-pound contracts for previous organisations they’ve worked for and will be a real asset to Konsentus.”