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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Gbaf News

    Posted on August 16, 2018

    Featured image for article about Top Stories

    FreeAgent, the award-winning, and innovative cloud accounting software provider, has received new credentials from the UK’s Financial Conduct Authority (FCA) enabling it to provide Open Banking services to freelancers, contractors, micro-business owners and their accountants.

    The company is now registered as an official Account Information Services Provider (AISP) under the terms of PSD2 – the new EU-wide legislation designed to open up the banking and payments industry.

    FreeAgent is among the first tranche of companies to achieve AISP status in the UK and will now be able to officially embark on its Open Banking strategy.

    The accreditation will allow FreeAgent to provide deeper banking integrations with its award-winning software, and enable users to more readily access their banking information in a secure and compliant way.

    Kevin McCallum, Chief Commercial Officer (CCO) at FreeAgent, said:“We’re delighted to have achieved our FCA registration as an Account Information Services Provider. The FCA rightly sets the quality bar fairly high for any business to become an AISP. We have always taken our security and data responsibilities very seriously, and our AISP status confirms that our internal systems and processes meet the highest standards.

    “The integrated and seamless flow of information between banks, accountants and business owners is an integral part of the FreeAgent experience in the future. We believe that Open Banking is going to fundamentally change the way that businesses, accountants, software providers and banks share data – giving people a more secure, transparent understanding of their finances than ever before. It will allow us to build new services and customer-focused offerings that would simply not have been possible previously.

    “It’s the start of a new era for fintech companies and it’s an exciting time for FreeAgent.”

    FreeAgent, the award-winning, and innovative cloud accounting software provider, has received new credentials from the UK’s Financial Conduct Authority (FCA) enabling it to provide Open Banking services to freelancers, contractors, micro-business owners and their accountants.

    The company is now registered as an official Account Information Services Provider (AISP) under the terms of PSD2 – the new EU-wide legislation designed to open up the banking and payments industry.

    FreeAgent is among the first tranche of companies to achieve AISP status in the UK and will now be able to officially embark on its Open Banking strategy.

    The accreditation will allow FreeAgent to provide deeper banking integrations with its award-winning software, and enable users to more readily access their banking information in a secure and compliant way.

    Kevin McCallum, Chief Commercial Officer (CCO) at FreeAgent, said:“We’re delighted to have achieved our FCA registration as an Account Information Services Provider. The FCA rightly sets the quality bar fairly high for any business to become an AISP. We have always taken our security and data responsibilities very seriously, and our AISP status confirms that our internal systems and processes meet the highest standards.

    “The integrated and seamless flow of information between banks, accountants and business owners is an integral part of the FreeAgent experience in the future. We believe that Open Banking is going to fundamentally change the way that businesses, accountants, software providers and banks share data – giving people a more secure, transparent understanding of their finances than ever before. It will allow us to build new services and customer-focused offerings that would simply not have been possible previously.

    “It’s the start of a new era for fintech companies and it’s an exciting time for FreeAgent.”

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