This is the first local open banking service authorized by the National Bank of Romania, via which banking accounts can be automatically interrogated allowing for users to instantly connect to their banking data, and in the case of accounting firms to clients’ data.
The project paves the way for the automation of the entire process of multiple banking account data interrogation and aggregation, doing away with the need to manually and repetitively operating data in multiple applications. Thus, the accuracy of financial-accounting activity for SmartBill users can grow significantly, say the officials of the two companies.
The integration of SmartBill with Smart Accounts is a new step in Smart Fintech’s plans for the future, with other automated solutions smoothing users’ processes due to be launched in the coming period.
As regards the partnership, SmartBill also aims to integrate SmartPay payment initiation solution.
(English version by Catalina Apostoiu)