Award-winning financial management software company AccountsIQ has selected Plaid Financial, a world-leading open banking platform, as its technology partner to streamline bank account connectivity. This partnership provides more security and control over financial data and customers can enjoy the speed and convenience of automated bank reconciliations combined with the reassurance of Plaid’s secure, encrypted connections.
AccountsIQ’s open banking integration using Plaid provides a seamless connection, facilitating access to banks in the UK, Ireland and overseas for bank feeds, and providing API integration for payments and receipts. Users are 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...
