Revolut has announced that its business customers in the UK can make connect into the Intuit QuickBooks Online accounting platform via Open Banking APIs, according to AltFi.
The move is the first time that Revolut has collaborated with a third-party provider to use the new Open Banking government-mandated APIs.
By connecting accounts with QuickBooks financial management software through Open Banking, business owners are able to get close to real-time updates on their payments, expenses and cash balances.
Revolut says the Open Banking integration with Quickbooks reaffirms Revolut’s commitment to “democratise” access to business accounts,
Domenico De Fano, Product Owner at Revolut for Business said: “It was only natural that we would team up with QuickBooks for this project, not only is it the world’s largest cloud accounting provider, but we also share the same customer-driven values; to deliver a best in class service through innovation.
“We understand the importance of accurate, secure and fast information to our customers, that’s why we invested the time to get the best connections in place
„Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”