Konsentus Meets Global Demand for Open Banking Solutions With the Launch of Open Banking Exchange

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The regulatory authority Konsentus has recently announced the launch of its open banking international membership programme, Open Banking Exchange

Open Banking Exchange has been established to leverage the past achievements and know-how of Open Banking Europe (OBE), to enable open banking and open finance at a global scale.

The demonstrated success of OBE within Europe has triggered a global demand for a series of national and regional membership programmes to be created, enabling each community to find practical solutions to issues relating to open banking and open finance.

OBE has a proven track record of building collaborative environments that enable its members to identify market issues and implement solutions via guidance, standards and tools. In turn, this creates trusted relationships with regulators, self-regulated organisations (SROs) and national communities to implement effective and interoperable open solutions based on jurisdiction neutral technology frameworks.

Open Banking Exchange has already been successfully launched within Latin America, including Brazil, Colombia, Chile and Mexico, and is expected to be rolled out across other territories imminently.

“We’re thrilled to launch Open Banking Exchange into Latin America as it provides a central forum so that the different stakeholders within our ecosystem can effectively collaborate, share and learn from the success of OBE in Europe and ensure a smooth implementation of open banking locally,” comments Victor Rivera, Head of Open Banking Exchange LATAM. “The region is eager to embrace financial innovation and we look forward to working with all stakeholders on their journey to make the region digital.”

Mike Woods, CEO, Konsentus, added “The launch of Open Banking Exchange, following the acquisition of Open Banking Europe from PRETA earlier this year, accelerates Konsentus’ international expansion plans and positions us at the centre of open banking ecosystems as they embark on their open banking journeys.”

  • Tyler is a Fintech Junior Journalist with specific interests in Online Banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

https://thefintechtimes.com/konsentus-meets-global-demand-for-open-banking-solutions-with-the-launch-of-open-banking-exchange/