AccountingWEB – Can Open Banking drive a quiet revolution in accountancy?

Since its launch in 2018, progress on the flagship Open Banking initiative has been incremental and occasionally inconsistent. Will the removal of a significant obstacle to adoption and an increasingly diverse range of products in the space help Open Banking deliver on its promise to accountants?

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By The Armalytix Team — 30 June 22
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Accounting Press — 9.02.22
AccountingWeb – Open Banking authentication changes: a bumpy start but a brighter future for accountants

While the relaxation of Open Banking authorisation rules will help accountants provide long-term efficiency gains for their clients, patchy bank implementation means they should manage their expectations about when to expect the changes.

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Accounting Press — 16.03.22
AccountingWeb – Open banking four years on: What’s changed for accountants?

Use cases for open banking are multiplying and while it may not yet be appropriate for every firm, there are overarching benefits that are worth accountants keeping an eye on.

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