The UK’s newest private bank, Hampden & Co, has recruited a new tech provider as it looks to implement the EU’s latest payment security directive.

The private bank will deploy technology from regtech provider Konsentus, as it rolls out the second Payment Services Directive (PSD2) for clients.

PSD2 has two key aims – to further enhance security and to ensure banks give client data to third party providers where the client has asked for them to do so.

Konsentus’ regulatory and identity checking solution will be integrated into Hampden & Co’s digital banking platform to ensure access is only giv...