Contego Gets the Nod for Open Banking ID Checking

01.18.2018 - London


The UK’s Open Banking Implementation Entity has selected Contego to run ID checks and verify the bona fides of users accessing personal account data for third party development work.

In combining requirements under the UK’s Competition and Markets Authority and the European Union’s Payment Services Directive phase 2 (PSD2), the Open Banking Standard was rolled out across the country last weekend.

Contego has been appointed to support Open Banking’s identity proofing and verification processes, using a single API for high-speed onboarding. The streamlined process, in-line with government standards, includes: online application, ID verification in real-time, and mobile ID document capture.

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