23 May 2018
Visit response.ncr.com

HSBC collaborates with Xero, Sage and Intuit for customer data exchange

26 September 2017  |  5239 views  |  0 Source: HSBC

HSBC is expanding its existing bank feed services with the launch of a new online tool that enables small and medium sized companies to establish a data feed from their bank account to their accounting software.

This collaboration will enable business customers to connect their bank accounts to their choice of accounting package using a digital solution and establish a secure, reliable transaction data feed.

Nadya Hijazi, Global Head of Business Banking Digital at HSBC said: “Enabling small and medium sized business customers to establish and manage their transaction data flow will save them time and effort. The solution eliminates the need to manually import or enter transaction data instead it automatically synchronises every 24 hours.”

Customers will be able to manage their finances more efficiently and access up-to-date, user-friendly, customised data on their financial position with a few clicks, which will help them to make better informed decisions about their business.

“This digital solution provides customers with the financial information they want, when they want, and where they need it - rather than having to visit their online banking site to retrieve the information,” continued Nadya.

“This service is one of the first of a series of innovative digital solutions we are developing for SME customers and we’re excited to be addressing some of the challenges these customers face on a day-to-day basis.”

For UK based business and corporate customers, the online solution will be available on Xero and Sage in the next few weeks and will soon be available on Intuit’s QuickBooks. For Hong Kong based customers the tool will similarly be available on Xero in the coming weeks. The digital solution will be rolled-out to HSBC customers in additional countries and territories in 2018.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.niceactimize.comvisit www.ebaday.comVisit www.vasco.com/news/mobile-first

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
10080 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8856 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7524 views comments | 8 tweets | 5 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
7054 views comments | 17 tweets | 22 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
7038 views comments | 7 tweets | 11 linkedin

Featured job

Package guide £250-300K
London

Find your next job