01/17/2018

Member News

Consents Online Ltd is Delighted to Announce its Authorization from the UK Financial Conduct Authority as a Registered Account Information Service Provider ("AISP")

LONDON, UK (PRWEB UK) 16 JANUARY 2018 Consents Online Ltd, part of the AccountScore group of companies which specializes in transaction data analytics for consumer and business lending, is delighted to announce its authorization from the UK Financial Conduct Authority as a Registered Account Information Service Provider (“AISP”). Consents.online provides a single place where consumers can control the information they share with third parties with complete transparency. Initially managing the sharing of bank transaction data obtained using the UK’s new Open Banking systems, consents.online will evolve over time to facilitate the sharing of other information including credit card, insurance, social media and mobile accounts. Open Banking is a UK government backed scheme aimed at promoting competition within retail financial services. The ability to securely share banking transaction information with authorized third parties, will allow customers to take advantage of a new wave of innovative products and services currently under development. Emma Steeley, Commercial Director at Consents Online Ltd, said: “Our B2B clients of different sizes, sectors and countries have already demonstrated that transaction data has the power to revolutionize customer insights and processes. Today, Open Banking has captured the imagination of thought leaders in innumerable businesses, preparing to implement extraordinary transformations to the benefit of their customers. However, we believe that widespread adoption of Open Banking is contingent upon customers’ confidence in their ability to control who can access their data and for what purpose. consents.online will pave the way to widespread data sharing in the UK.”

For further information, please contact: Donnie Price Donnie.Price@AccountScore.com 402.332.8162

Consents Online Limited (consents.online) is an online platform at the forefront of Open Banking in the UK. The company carries out the collection and storage of bank transaction data belonging to the consenting customers of its B2B clients, in addition to providing a customer-facing platform where those customers can monitor access to their bank accounts and control what they share, with whom and on what terms. Through an easy to use website or mobile application, customers can not only view but also manage, amend and revoke consents to their information. Consents.online is a subsidiary of AccountScore Holdings Ltd, the parent of a group of businesses involved in the provision and analytics of bank transaction data including AccountScore Limited, described below.

AccountScore Limited (AccountScore) is a highly innovative global data and analytics business that provides actionable insights and analytics on bank transaction data for clients - typically banks and financial services companies, that want to make better informed decisions during their customer assessment processes. Headquartered in London, with market presences in the USA and India, AccountScore has launches planned in additional global markets throughout 2018.