Saturday 16 July 2022 | No. 34
XU Biweekly The independent news source for Xero users, by Xero users
By Linda Yang
GoCardless to acquire open banking platform Nordigen, combining broad open banking connectivity with bank payment expertise
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OCARDLESS, THE GLOBAL LEADER IN DIRECT BANK PAYMENTS, HAS ANNOUNCED IT PLANS TO ACQUIRE NORDIGEN, THE FREEMIUM OPEN BANKING DATA PROVIDER, AS IT BUILDS ON ITS VISION TO BECOME THE WORLD’S BANK PAYMENT NETWORK. GoCardless will incorporate Nordigen’s next-generation open banking connectivity -- offering the widest coverage in Europe, connecting to more than 2,300 banks in 31 countries -- into its account-to-account network.
The acquisition means the fintech will provide free open banking connectivity at scale, opening up selfserve access to account information services (AIS) to everyone. In addition, its suite of premium data products help improve outcomes across a range of use cases from credit assessments to customer engagement. The announcement is the latest move from GoCardless as it accelerates its open banking strategy. Over the past 18 months it has launched its open banking-enabled Instant Bank...
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WHY NOW IS A GREAT TIME TO TRY THE NEW REPORTS IN XERO By Anna Curzon, Xero
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AST YEAR, WE ANNOUNCED THAT WE HAD STARTED UPGRADING THE TECHNOLOGY THAT UNDERPINS THE XERO PLATFORM, SO OUR TEAMS CAN BUILD NEW FEATURES FASTER THAN EVER BEFORE. TODAY, WE’RE EXCITED TO SHARE THAT WE’VE HIT A SIGNIFICANT MILESTONE ON THAT PROJECT WHEN IT COMES TO REPORTING IN XERO.
ly exciting features that will help you get quick access to answers and streamline your financial analysis. But we’re not done yet. Our teams have big plans to add even more reports and functionality in the future. To do this, they really need to focus their attention on new reports, instead of spending their time maintaining older versions that are now outdated.
We’ve had two versions of our reports for a while now — the older version and our ‘new’ reports. Our new reports now have some real-
We’re retiring the older versions of our reports. That’s why we’re retiring the older versions of our
For Australian and New Zealand partners: • you will not be able to
create or edit old report packs in Xero HQ, or run them in your clients’ organisations • any published or archived report packs in clients’ organisations will remain as read-only at the client level There are some reports that won’t be retired on this date, as we are upgrading them in a different way or at a later date. These include the Budget Manager, Business Performance Dashboard, Payroll, Tax, and...
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REVOLUT ADDS STRIPE TO ACCELERATE GLOBAL EXPANSION
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TRIPE, A FINANCIAL INFRASTRUCTURE PLATFORM FOR BUSINESSES, TODAY ANNOUNCED THAT REVOLUT WILL USE STRIPE TO SUPPORT PAYMENTS IN THE UK AND EUROPE AND ACCELERATE ITS EXPANSION INTO NEW MARKETS.
TAG US IN YOUR PHOTOS & HIGHLIGHTS TO BE FEATURED
reports in Xero. This means you won’t be able to use them from 31 July 2023. You’ll have access to older versions of our reports until they are retired. After this date: • you won’t be able to run any older versions of our reports • any saved drafts of old reports will be removed from Xero • you will have read-only access to old published and archived reports
Founded in 2015, Revolut has rapidly become one of Europe’s great fintech success stories. After launching in the UK with money transfer and exchange services, the company now offers dozens of products—from accounts and insurance, to trading and invoicing—that improve money management for 18 million customers and 500,000 businesses in more than 200 countries and territories. Revolut has ambitious growth plans through the current slowdown and will soon launch in Mexico and Brazil. Revolut will leverage Stripe’s infrastructure and international footprint to enter these and other new markets more efficiently,
and offer its customers a seamless payment experience that matches their local payment preferences. “Revolut builds seamless solutions for its customers. That means access to quick and easy payments and our collaboration with Stripe facilitates that. We share a common vision and are excited to collaborate across multiple areas, from leveraging Stripe’s infrastructure to accelerate our global expansion, to exploring innovative new products for Revolut’s more than 18 million customers,” said David Tirado, vice president of business development at Revolut. Stripe and Revolut will also explore opportunities to deepen their collaboration and deliver innovative new payments products. “Revolut and Stripe share an ambition to upgrade financial services globally. We’re thrilled to be powering....
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Saturday 16 July 2022
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