7
VOTE
Status
Planning to do
Workspace
Reckon One
Categories
Banking
Created by
Guest
Created on
Aug 14, 2020
RELATED IDEAS
More Bank Data Feeds please
I am not comfortable with the use of third party Yodlee for bank data feeds for my clients as it would require them to breach bank terms and conditions by providing their password to someone else. Direct Bank Feeds are the only way to go.
Some feeds require logging back in (https://help.reckon.com/article/t5h2ox7mlk-kba-5549-yodlee-feeds-do-not-automatically-update) so Yodlee is not a workable solution in many situations, particularly if I am doing books for clients remotely.
I can't expect them to keep logging in just to generate the feed if their bank account is impacted.
Please add direct bank data feeds for:
Macquarie Cash Products
RABO Direct
Members Equity Bank (ME Bank)
and any others you can
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ADMIN RESPONSEAug 16, 2020
Hi Denise. We share your frustration. The plan was to wait for the CDR "open banking" - see https://www.accc.gov.au/focus-areas/consumer-data-right-cdr-0
Unfortunately this project has seen many delaying tactics by the finance sector of up to 18 months which would have seen all the banks you mention, and more, be mandatory participants earlier this year.
Due to these delays, the 4 majors only went live in July, with all tier 2 institutions due in July 2021 (if there aren't more delays). As we have already invested heavily in Open Banking, and with the institutions only offering these feeds into the future, we, like yourself, have to frustratingly wait for the feeds to come online.
Also Suncorp... If Open banking is implemented with the institutions, why are these institutions not yet available in reckon one as direct bank feeds?
ING for example
There appears to be banks that are currently live with Open Banking that are not currently available on Reckon One.