December 14, 2016
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Intuit QuickBooks may be the most popular financial software in the United States--one consulting firm reports that Intuit's accounting and tax programs control more than 90% retail market share--but the company has struggled with moving its desktop-based software into the cloud. Sure, there's an API for QuickBooks Online, but what about the many offline users who continue to rely on the finicky helper program QuickBooks Web Connector?
Open Banking has launched two API specifications; Accounts and Transaction Information and Payments Initiation. These API specifications will allow banking customers and small business to share their financial data with third-party applications, and will be live from January next year.
Article 50 is set to be triggered today starting the official process of Brexit. It will be two years before the UK leaves but the impact of the vote is already being felt. UK tech companies are struggling to retain and attract developer talent and fintech companies may find themselves vulnerable.