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Open Banking & KashFlow

Open Banking; Important Information

  • New EU requirements for the banking industry are coming into effect on 14th September 2019.
  • This will affect all of KashFlow’s UK Banks connected via Yodlee.

As a result, starting from the 12th September, some bank feeds will be unavailable.

For most banks, the old method of bank feeds or “screen scraping” is being replaced by a more secure and reliable method of gathering finance data through Open Banking API’s.
We’re currently working to get this up and running as soon as possible, but if your bank is not ready, you will have to manually import transactions through a CSV until a feed becomes available.


Manually importing bank transactions

To manually import your transactions you will need to:

  1. change the source of your bank
  2. and then follow these steps to import a bank CSV file

Bank Feed Cessation FAQ’s

I don’t use KashFlow automatic bank feeds, should I be concerned that it will affect other parts of the product?

No, the changes only affect automatic bank feeds

What happens if I import transactional bank data using a CSV file?

There will no change to this functionality

Why are the bank feeds being turned off in KashFlow?

Changes to the EU regulations, specifically PSD2, mean that bank feeds previously provided by Yodlee via KashFlow are no longer compliant. The aim of this directive is to provide new bank feeds that will improve and increase consumer protection.

What is going to happen to the existing KashFlow bank feeds after 14 September?

Automatic bank feeds provided by Yodlee will be turned off

What is the alternative to the existing bank feeds after 14 September?

To manually import your transactions you’ll first need to change the source of your bank and then follow these steps.

Will Kashflow have new bank feeds?

Yes, we are currently working on building direct bank feeds. We will be in touch via the product and the KnowlegdgeBase with further updates to keep you informed.


Bank Status

Below is a status update on the feeds which will be updated and available through OpenBanking.  If your bank is not listed below, you will need to manually import your transactions until your bank offers direct feeds in KashFlow.

 

Bank of Ireland (Current Account) (UK)Coming soon
Marks and Spencer (Current Account) (UK)Coming soon
Nationwide Building Society (Current Account) (UK)Coming soon
NatWest (Current Account) (UK)Coming soon
NatWest Bank Business Bankline (Current Account) (UK)Coming soon
Royal Bank of Scotland (Current Account) (UK)Coming soon
Royal Bank of Scotland Business Bankline (Current Account) (UK)Coming soon
Ulster Bank (Current Account) (UK)Coming soon
Danske Bank (Current Account) (UK)Coming soon
Danske Business Bank (Current Account) (UK)Coming soon
First Direct (Current Account) (UK)Coming soon
HSBC Bank (Current Account) (UK)Coming soon
HSBC Business Bank (Current Account) (UK)Coming soon
Lloyds (Current Account) (UK)Coming soon
Lloyds Business Banking (Current Account) (UK)Coming soon
Halifax Online (Current Account) (UK)Coming soon
Bank of Scotland (Current Account) (UK)Coming soon
Bank of Scotland Business Banking (Current Account) (UK)Coming soon
Allied Irish Bank (Current Account) (Ireland)Coming soon
Allied Irish Business Bank- (Current Account) (Ireland)Coming soon
Barclays (Current Account) (UK)Coming soon
First Trust Bank (Current Account) (UK)Coming soon
First Trust Bank iBusiness (Current Account) (UK)Coming soon

Contact Support for further assistance

Click here to contact our support team or email support@kashflow.com.


 

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