Near real-time protection
Reduce exposure to liability and fraud
Open Banking Protect helps to increase the confidence of financial institutions when approving third-party requests to protect themselves and their customers from data loss and fraud.
It provides near real time verification of third-party’s certificate, regulatory licence status and passporting permissions to support an ASPSP when deciding to accept a third-party’s request.
Single point of truth
Validates TPPs regulatory licence against all 31 EEA National Competent Authority registers and two European Banking Authority registers, as well as validating the TPP’s certificate directly with the issuing Qualified Trust Service Provider.
Uses network-level data on a given third-party provider to spot trends and changes to regular activities which could be fraudulent.
Integrates with existing systems
Can be used to augment existing fraud monitoring systems
Open Banking Connect
A universal connection to financial institutions’ Open Banking APIs
Open Banking Resolve
A centralised enquiry and dispute resolution service
Get in touch to learn more about Mastercard Open Banking Solutions and add value to your business