Open banking guide:
Key element to
Consider before
Choosing a provider
Self-employed individuals typically have limited resources and require tools that simplify their administration. They seek online solutions that reduce manual work, centralize information, and minimize human errors.
MyFinance is an online accounting software for self-employed individuals. Their core value is to make bookkeeping simple and convenient. MyFinance takes customer feedback very seriously and continuously strives to improve their software to provide an efficient and user-friendly experience.
One of their most requested features was the ability to automatically import bank data into the software. MyFinance understood the urgency to offer automated reconciliation. However, they knew that developing the technology to connect to multiple banks is complex and time-consuming. To speed up their go-to-market, MyFinance partnered with Ponto.
Thanks to Ponto’s frictionless onboarding process, MyFinance integrated automated reconciliation into their software in just a couple of weeks! Today, MyFinance uses open banking APIS to offer their customers direct access to all their bank data without leaving the application and having to manually download statements or transactions from their banks.
“We wanted to provide self-employed individuals and small businesses with a way to access all their bank data directly in the software without manually downloading statements and transactions from their bank. We chose Ponto for their transparent price, solid APIs, and excellent customer support.” Wietse Klijn, CEO and Founder at MyFinance.
Recap:
• Use case: Accounting software
• Pain point: MyFinance wanted to provide their customers with a convenient way to automatically upload bank data into the software.
• Solution: Account Information Services