Open banking - have you switched?

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Certain bank feeds attached to accountancy software packages will no longer work come September.

The industry-wide change comes thanks to the introduction of Open Banking regulations, which means third party bank feed providers such as Yodlee will not work as of September 14.

Open Banking allows you to share data and financial information without sharing login details or passwords, it also promises to offer improved reliability.

Further information on how your accountancy software provider is making the changes, and what you need to do next can be found on the links below:

Xero

FreeAgent

QuickBooks

Sage

If you have any problems switching your bank feeds please contact Anna or one of the team on 01244 343504.