Bucharest, July 17, 2024
Finqware, a leader in open banking and bank data aggregation solutions, proudly announces the implementation of its advanced infrastructure within the Keez accounting automation platform for SMEs. This strategic integration marks an important step in revolutionizing how Romanian entrepreneurs manage their daily financial operations.
Through Keez’s newly launched “Online Statements” service, platform clients now benefit from a fully automated daily receipt of bank statements directly from bank infrastructures, without any additional effort on their part, that is without the need to download / upload monthly statements from banks digital platforms. This is made possible by Finqware’s robust and flexible infrastructure, ensuring secure and efficient connectivity to all banks in Romania, including Revolut.
In the context of the European PSD2 (Payment Service Directive 2) directive, which promotes innovation and adaptation of banking services to new technologies, the integration of Finqware with Keez facilitates access to the benefits of Open Banking. Keez clients can now allow their accountant to view bank transactions under enhanced security conditions, significantly simplifying financial and accounting processes.
Cosmin Cosma, CEO of Finqware, stated:
“We are thrilled to collaborate with Keez to bring the benefits of open banking to SMEs in Romania. Through this integration, we support entrepreneurs in streamlining their financial processes and focusing more on growing their businesses.”
Implementing Finqware’s technology within Keez offers numerous advantages for entrepreneurs:
- Quick and automated access to bank statements: Entrepreneurs no longer need to manually download bank statements from banking applications. Everything is now automatically done at the beginning of the day, saving valuable time.
- Complete financial overview: Details about incoming and outgoing payments are automatically correlated with data from issued and received invoices, providing a clear and updated picture of the company’s financial status.
- Increased efficiency for accountants: Accountants can start analyzing data immediately after the last calendar day, significantly reducing the time required to generate final income, expense, and tax reports.
About Finqware:
Finqware is a fintech company dedicated to developing innovative open banking and financial data aggregation solutions. Through its advanced technology, Finqware facilitates secure and efficient connectivity to various banking data sources, helping companies optimize their financial operations.
For more information, please visit our website at www.finqware.com or contact us at contact@finqware.com.
