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The word open banking as Concept on wooden cubes, business.

Tell us what you think of Open Banking – win £100


Complete our 10-minute survey on Open Banking and you could win one of five £100 Amazon gift cards.

20th Apr 2022
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AccountingWEB and iwoca are carrying out joint research to try to discover what accountants think of Open Banking, its uses in the payment space and the future direction accountants feel this technology will take. 

Complete the 10-minute survey now and you could win one of five £100 Amazon gift cards.

Open Banking is revolutionising finance

Open Banking is a powerful technology, improving the efficiency and effectiveness of small businesses in dramatic ways. But many clients and possibly many accountants are not fully aware of the benefits and different ways that Open Banking can help.

There are now over 2.5m Open Banking payments a month, compared to just 320,000 in the whole of 2018 when Open Banking was launched. A recent report by UK Finance, The Future Strategy for Open Banking Payments lays out various ways that Open Banking is evolving.

Online finance specialist iwoca is at the forefront of implementing these solutions to provide new, more flexible options for businesses and is keen to establish how the new processes are spreading within accountancy. 

The recent changes to the Open Banking regulations removed the need for clients to re-authenticate their connections every 90 days, which will make it easier for clients to use, removing one of the key barriers to adoption.

Once the survey is closed, AccountingWEB will work with iwoca to produce a whitepaper based on these results and other research into the area. All survey respondents will have the opportunity to receive a free copy of the report, as well as the chance to win one of five £100 Amazon gift cards if they are drawn at random once the survey closes at the end of April.

If you’re an accountant or work in an accountancy practice we’d love to know what you think, so please complete the survey.

Take the survey


Replies (3)

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By Winnie Wiggleroom
21st Apr 2022 07:33

Email from QBO this morning - "As part of Open Banking regulations, banks may require for connections to be reauthorised every 90 days. It looks like your connection needs to be reauthorised in order to bring your transactions up to date"

My only comment is - its still complete rubbish

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