Sunday, December 22, 2024

Xero taps Flink to give North American SMEs greater access to banking data

  • Xero partners with Flinks, a leader in open banking, for secure access to 20+ direct bank connections and high-quality transaction data in Canada and the US.
  • Flinks, with the largest network of financial institution partners in North America, offers new and secure high-quality bank feeds, including connections with the National Bank of Canada and EQ Bank, as well as US-based banks.
  • Increased access helps Xero customers in North America save time on manual data entry and reconciliation, improving visibility of money for small businesses and advisors.
  • Xero and Flinks are committed to enhancing bank feeds, addressing the industry challenge of reliable banking data in North America, and championing the benefits of open banking for improved outcomes.
  • Seamless integration of data into the Xero platform is crucial for small business success, and the partnership aims to empower businesses to elevate their financial operations.
  • Both Xero and Flinks understand and advocate for the benefits of open banking, emphasizing responsible data use and providing better outcomes for small businesses.
  • The partnership ensures that Xero’s customers can swiftly benefit from new banks entering the market or improving their bank feeds through Flinks’ fast integration of new API feeds.

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