​For the Independent Software Vendor (ISV), open banking enables the development of innovative, data-driven applications that deliver enhanced functionality and seamless financial services integration. With access to secure banking APIs, ISVs can create software solutions that incorporate real-time payment processing, automated account reconciliation, and personalised financial insights, catering to diverse industries such as retail, healthcare, and logistics. 

Open banking also supports compliance with regulatory standards, reducing the complexity of managing financial data securely. By leveraging open banking, ISVs can expand their value proposition, offering clients streamlined operations, improved cash flow management, and superior user experiences, all while staying ahead in a rapidly evolving digital landscape.

Xero and Quickbooks are two partners of fumopay who today have integrations to our payment services, enhancing their product offering and giving users more choice and simplicity to their payment processes. 

 

See  Accounting for more info on this type of integration.

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