There is a lot happening in PSD2, also known as Open Banking
This topic could go in a few different directions and be implemented in various ways:
are there specific ways this could be used now, for example, to download a statement to assist in account reconciliation?
at a higher level, does this change the accounting workflow, especially for smaller businesses? Traditional workflows involve receiving a bill, authorising it, writing the cheque and then reconciling it. For some accounts, the business owner may take a bank statement from Open Banking as the input to their accounting software, instead of using it for reconciliation in the last step, they use it as the first step and as it came directly from the bank, it doesn’t need to be reconciled in the same way.
Is anybody already aware of libraries and tools for this?