Smart Consent Management for Regulated Platforms
Regulated platforms such as banks, lending services, insurance providers, and investment apps must collect, manage, and track user consent with transparency and compliance. Open Banking enables these platforms to build a secure, user-friendly consent framework that respects data privacy laws while delivering a seamless user experience.
Challenge
Navigating complex regulations like GDPR, PSD2, and UK Open Banking standards can slow down product growth. Manual tracking and unclear consent flows lead to poor UX, data misuse risks, and audit issues.
Solution
With Open Banking-enabled consent management, platforms can implement automated, transparent consent journeys. These allow users to understand what data is being shared, for what purpose, and for how long—while giving them the power to manage or revoke access anytime.
Features, Benefits & Services
Granular Consent Controls
Dynamic Consent Dashboard
Regulatory-Compliant Audit Trail
Benefits for Regulated Platforms
- Boost Trust and Transparency
Enhance customer confidence by clearly showing how their data is handled.
- Accelerate Onboarding and Renewals
Automate recurring consent renewals, saving time for users and compliance teams.
- Reduce Legal Risk
Stay aligned with UK and EU compliance requirements while minimising fines and disputes.
