Bank data in your invoicing process – not as a statement that someone manually reconciles every day.
Connect Open Banking APIs – customized and seamless
Open Banking refers to the standardized, API-based access to bank accounts and payment transaction data – made possible by the European PSD2 regulation. Through providers like finAPI, Plaid, TrueLayer, or Tink, companies can retrieve account balances, read transactions, initiate payments, and verify bank connections. Open Banking is relevant for operationally complex companies because financial data plays a role in almost every business process – and the manual reconciliation between statements and systems is a daily time sink. We integrate Open Banking APIs into customized enterprise software. No off-the-shelf connection, no plug-in with limitations – but a tailored connection that fits your processes and system precisely.
What we connect
| Integration Options | |
|---|---|
| 🔄 | Automatically retrieve account transactions and reconcile with open items, invoices, and orders |
| 📊 | Real-time liquidity overview – account balances of all bank connections in a central dashboard |
| 📄 | Automatically assign incoming payments – recognize invoice numbers, update payment status |
| ⚡ | Event-driven workflows – e.g., release order upon payment receipt, trigger reminder on overdue payments |
| 🔗 | Seamless integration with ERP, accounting, accounts receivable management, dunning, and other systems |
How the integration works
We work directly with established Open Banking providers – finAPI, Plaid, TrueLayer, or Tink, depending on banks, countries, and functionalities. The integration is developed as an integral part of your Operating System – no third-party middleware, no workarounds. What this means concretely:
| 🏗️ | Customized connection – built for your processes, not for the average |
| 🔄 | Automatic data flow – no manual statement imports or CSV reconciliations |
| 🗄️ | A single data foundation – financial data flows into your central system |
| 🛡️ | Secure and GDPR-compliant – PSD2-regulated, authenticated by banks, encrypted, and documented |
Typical Use Case
A project service provider with 70 employees issues between 150 and 200 invoices monthly. The accounting department manually checks bank statements daily and reconciles payments with open items. When the invoice number is missing, detective work begins. Dunning is delayed. The liquidity overview across three accounts is a weekly updated Excel sheet.
Through the integration, the Operating System automatically retrieves account transactions. Incoming payments are assigned to the correct customer and invoice by AI – even when the payment purpose is missing. Paid invoices automatically update their status, overdue ones trigger the next reminder stage. Management sees account balances, open receivables, and liquidity forecasts daily in one dashboard. From payment receipt to dunning – a seamless process without manual account reconciliation.
Part of Your Operating System
Open Banking APIs provide direct, secure access to bank data. However, when used in isolation, they remain a technical interface, the data of which must be processed manually. Only as part of an integrated system does Open Banking unfold its full benefits – when incoming payments automatically trigger processes, liquidity becomes visible in real-time, and daily reconciliations no longer occur in heads and tables, but in the system. We develop AI-powered Operating Systems for operationally complex companies. The Open Banking integration is one component of that.