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.

Graeme Hartop, CEO Hampden & Co stated: “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.”

Mike Woods, CEO at Konsentus, commented: “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.”