AccountsIQ announces partnership with Tink open banking platform
Award-winning financial management software company AccountsIQ has selected Tink as its open banking technology partner to streamline bank account connectivity. This partnership will improve user experience of the accounting software platform and provide more security and control over financial data. The new open banking connectivity will be rolled out to AccountsIQ’s users in Q1 next year.
Darren Cran, Chief Operating Officer explains,
We’re delighted to be developing a new seamless connection with Tink that will allow users to connect each bank account in their (usually multiple entity) organisation to their local bank with statement feeds 4 times per day. These businesses will gain hugely from automated processing, real time reporting and improved liquidity from faster settlement times.”
AccountsIQ’s open banking integration will provide a seamless connection, facilitating access to banks in the UK and Ireland for bank feeds, and providing API integration for payments and receipts. Users will be presented with a simple workflow to enable them to set up and manage the connections to their banks, and to sync with their banks periodically for new transactions that will be imported into the system for reconciliation purposes. This secure integration is operated under a European Directive called PSD2 [Payment Service Directive 2] to ensure API access to statement data.
AccountsIQ’s mission is to simplify how Finance teams capture, process and report the results of multi-location businesses. The vision is to be the most connected and easy to use Cloud Financial Management System for multi-entity groups and franchises. The Tink powered open banking integration will be an important first step in AccountsIQ’s innovation strategy towards more automated processing and will be followed by a number of other valuable product innovations.
Helping our customers improve their working life experience in finance is part of our DNA and this partnership will help remove manual reconciliation and aid the digitisation of finance functions everywhere.”
Rafa Plantier, UK and Ireland country manager at Tink added:
Accountancy is one of the strongest open banking use cases for businesses, and we are proud to be partnering with AccountsIQ to take seamless account connectivity to its customers in Ireland and the UK.”
For more information on Tink Open Banking or AccountsIQ’s award-winning cloud accounting platform or a no obligation consultation on how AccountsIQ can accelerate your business, please get in touch on 0203 598 7350 or request pricing.
AccountsIQ’s award-winning financial management software simplifies how finance functions capture, process and report the results of multiple location businesses.
Built for the cloud, AccountsIQ is ideal for dynamic businesses that are growing locally or internationally, via subsidiaries, acquisition or through a franchising model, enabling anytime-anywhere processing, while allowing easy central control and consolidated reporting of results. Its unique consolidation engine, along with its ability to integrate with other applications, makes it easy to scale.
Tink is Europe’s leading open banking platform that enables banks, fintechs and startups to develop data-driven financial services. Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools. Tink connects to more than 3,400 banks that reach over 250 million bank customers across Europe. Founded in 2012 in Stockholm, Tink’s 365 employees serve 14 European markets out of 13 offices.