[GNC] Open banking platform support

[Murugan Muruganandam]

David

Open banking is a practice to share information by financial institutions to 3rd party service providers. The service providers need to get explicit customer mandate to access the data and share personalized experiences. Europe has been a pioneer in this to democratize the financial data and create new opportunities and customer experiences. Payments is a big beneficiary of this protocol

To enjoy the benefit you may need to go through one of the service provider who can possibly personalize your information, or can create a files , reports and analytics for your needs.
nevertheless the bank will provide statements directly to their users, possibly as pdfs and downloads and may not support QFX  or other open formats in future




Saludos Cordiales


Murugan

________________________________
From: gnucash-user <gnucash-user-bounces+m.muruganandam=hotmail.com at gnucash.org> on behalf of David Carlson <david.carlson.417 at gmail.com>
Sent: Wednesday, December 14, 2022 9:31 PM
To: Phyllis Bruce <pobruce46 at gmail.com>
Cc: Kalpesh Patel <kalpesh.patel at usa.net>; gnucash-user at gnucash.org <gnucash-user at gnucash.org>
Subject: Re: [GNC] Open banking platform support

Is that open banking platform a different way to get a list of
transactions?  If so, how does it work?

On Wed, Dec 14, 2022 at 5:26 PM Phyllis Bruce <pobruce46 at gmail.com> wrote:

> Kalpesh, I found that QFX works as well.
>
> > On Dec 14, 2022, at 5:08 PM, Kalpesh Patel <kalpesh.patel at usa.net>
> wrote:
> >
> > 
> >
> > Bank of America is one of the banks that has stopped supporting OFX
> method,
> > in addition to Chase Bank, for transaction download via direct connect
> as of
> > early Nov and moved to the open banking platform. Is there any roadmap to
> > get that supported as part of the GNC native method for download of
> > transactions?
> >
> >
> >
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David Carlson
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