Konsentus today announced it has launched an international infrastructure platform with the ability to accelerate a country’s implementation of open banking.
The Konsentus Open Banking Hub (OB Hub), a SaaS based solution, runs in a national cloud infrastructure, has end to end functionality and helps create, support and secure vibrant open banking economies across the globe.
The OB Hub removes the complexity involved in setting up a central and secure open banking ecosystem within a country, enabling regulated entities to quickly and easily share data and execute payment transactions with each other.
I should have thought of it!
Like a web server but it serves up Swift transactions. It is an Open Banking standard, a standard which does the work of abstracting the necessary user functions from the set of Swift protocols. They put this on the cloud. Redneck Systems planned to give it away. They Beat us to it!
But there is no Defi here, that is on another ledger. The next step would be to abstract a contract language from the Swift semantics.
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