Intuit Australia has engaged SISS Knowledge Providers as an outsourced service supplier to facilitate Open Banking knowledge feeds for Intuit’s QuickBooks prospects throughout Australia.
As Intuit’s expertise associate, SISS has enabled the important integration that connects Intuit QuickBooks’ prospects with their banking knowledge by way of Australia’s Client Knowledge Proper (CDR) framework.
Open Banking knowledge feeds are actually being rolled out progressively for QuickBooks prospects, with Commonwealth Financial institution of Australia and Nationwide Australia Financial institution connections already dwell, and over 100 different monetary establishments to comply with.
Intuit is in search of CDR knowledge assortment and sharing consents from its Australian QuickBooks prospects as an integral a part of the brand new buyer sign-up course of for the Intuit QuickBooks On-line accounting platform in Australia.
Present QuickBooks prospects also can change their present financial institution feeds to the vastly superior Open Banking financial institution feeds.
“SISS is delighted to assist Intuit’s Open Banking knowledge feeds as their chosen outsourced service supplier,” mentioned Grant Augustin (pictured proper), Founder and CEO at SISS Knowledge Providers.
“The advantages of Open Banking for small enterprise house owners and their trusted advisors embody real-time knowledge sync, time effectivity, simplified money circulation, higher consumer insights and enhanced safety requirements,” Augustin added.
Intuit and SISS have a robust present enterprise relationship spanning 10 years in Australia. As an Accredited Knowledge Recipient, SISS permits Intuit to entry over 100 Open Banking APIs on behalf of Intuit’s QuickBooks prospects.
“As a long-standing expertise associate working with Intuit to energy ‘accounting-grade’ knowledge, we’re constructing on 10 years of expertise and the sturdy basis of regulatory compliance and technical excellence that each events have,” Augustin mentioned.
Lara Thompson (pictured left), Head of Partnerships APAC at Intuit, mentioned, “As the primary monetary administration software program supplier to realize Accredited Knowledge Recipient standing, Intuit is proud to roll out Australia’s most superior financial institution feed answer with the assistance of SISS as our expertise supplier.”
Thompson famous this necessary milestone is empowering companies, their accountants and different trusted advisors corresponding to finance brokers, to minimise handbook duties, acquire fast insights, and ship recommendation whereas retaining full management over knowledge validation.
It additionally opens the door to AI-powered options.
“By leveraging the facility of Open Banking’s correct, real-time consumer monetary knowledge, Intuit is creating the important knowledge basis for Intuit’s AI-driven professional platform to rework the way in which companies, accountants and brokers function,” Thompson mentioned.
The true advantages of the transfer to Open Banking are felt by Intuit’s QuickBooks prospects, like Brooke Alexander of Cookie Doughboy, a household enterprise based in the course of the pandemic.
Based on Alexander, “I can lastly spend much less time gazing spreadsheets and extra time baking! With the Open Banking integration, my financial institution feeds routinely and precisely circulation into QuickBooks… it’s about making operating Cookie Doughboy extra environment friendly and giving us the real-time monetary insights we have to plan for progress.”
Small enterprise accounting companies is a high-value use case recognized as a precedence forward of CDR’s growth in 2026 to incorporate the non-bank lending sector along with the banking and vitality industries.
