HSBC UK kisses Consents Online’s AISP for banking data
It’s open banking time again
Account information service provider (AISP) Consents Online will provide HSBC UK with access to the transaction data of consumers from other organisations under the UK’s open banking programme.
Consents Online, a subsidiary of London-based bank data analytics platform AccountScore, will offer its consent management architecture whereby the consumers can view and control where their data is being accessed and for what purposes.
Emma Steeley, commercial director at Consents Online, says: “Our B2B clients of different sizes, sectors and countries have demonstrated the power of transaction data to revolutionise customer insights.”
Consents Online will let organisations access their financial data on an ongoing basis and, if required, revoke access at any time.
This is all done through its mobile app and website, a central hub where users can manage and view all the data consents they have granted in one place.
This deal follows hot on the heels from last week, when HSBC UK unveiled Connected Money, the “first” app from a UK bank that allows customers to see their accounts on one screen.
First and faces
HSBC has been busy recently.
With ING Bank, it executed the “first” scalable trade finance transaction using blockchain for Cargill, an international food and agriculture conglomerate.
HSBC also unleashed facial-recognition banking for corporate customers.
