ClearAccount, powered by consents.online, has today become the first Personal Finance Manager to utilise the newly implemented Open Banking API framework
ClearAccount will only be accessible through Open Banking for
consents.online is a platform that enables clients to access transaction data and provides a place where consumers can control what information they share with whom and on what terms, with complete transparency. Initially managing the sharing of bank transaction data obtained using the
consents.online is part of the
Open Banking is a
Open Banking APIs mean that a customer is never asked to disclose their username and password with any institution other than their bank - maximising security for the consumer and improving conversion rates for financial and technology providers.
We look forward to working with our B2B clients of different sizes, sectors and countries to demonstrate that transaction data provided under PSD2 has the power to revolutionise customer insights and processes."
-Ends-
For further information, please contact:
+44 (0)207 030 3000
About consents.online (https://consents.online/)
Consents.online take care of three key areas or responsibility for their clients:
1. Provision of a branded, customer facing consents management platform which takes care of the regulatory requirement to provide transparent and editable consent management.
2. Taking responsibility for regulatory compliance and data integrity.
3. Providing a unified platform allowing easy integration to B2B customers.
consents.online is introduced to customers via its B2B clients. When consents.online's' clients ask for access to transaction data they introduce consents.online during their sign up journey, describing it as their trusted partner which:
1. Collects data for them,
2. Providing visibility into what data is being accessed, and
3. Helps customers to control access in the future.
Once a customer has given consent, the system connects to their bank and pulls transaction data for the client. The customer is then given access to consents.online via the website or the iOS or Android app, where they can control and monitor those consents. If a customer has provided consent to multiple parties to access multiple sources of information, all of the consents given can be managed in one place.
consents.online is a subsidiary of
Taken together, consents.online and
About
For banks and financial services providers, key benefits are as follows:
- Accurate identification of salary and other sources of income;
- Detailed disposable income assessments;
- A complete listing of financial service and other regular commitments;
- Visibility into missed payments or returned direct debits;
- Identification of problematic behaviour indicative of likelihood to default - such as repeated online gambling
Headquartered in
The management team has extensive experience in working with bank transaction data and has spent the last two years delivering innovative products and solutions to clients helping to lead the way in Open Banking in the
Read the full story at http://www.prweb.com/releases/2018/03/prweb15310650.htm
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