Intuit QuickBooks Acquires Bankstream

Intuit QuickBooks Acquires Bankstream
14.10.2016 10:15 am

Intuit QuickBooks Acquires Bankstream

M&A Deals

Intuit QuickBooks, the world’s leading online accounting software, has announced its acquisition of Bankstream, a company that provides direct connections between banks and accountants, and their clients’ data. Bankstream’s relationships with UK banks will provide QuickBooks users with a direct connection to their accounts.

“Bankstream’s strong relationships with financial institutions will help our small business and accountant customers save time when accessing bank information and improve how they manage their finances with QuickBooks,” said Dominic Allon, Vice President and Managing Director, Intuit Europe. “This gives QuickBooks users the most complete picture of their financial information so they can make informed decisions about their business.”

“Intuit recognised the value of Bankstream’s relationships that will give customers an even better experience in having direct, secure and consistent access to their bank data,” said Frank Woods, Bankstream General Manager for UK and Ireland, who is joining Intuit’s UK organisation.

Intuit plans to integrate direct bank feeds into QuickBooks, providing more reliable connections and automatic updates between a customer’s bank account and QuickBooks. The integration will be coming soon and access to the bank feeds will be free to users. Until then, customers can continue using standard bank feeds, which connect them to nearly all UK banks and credit card providers through secure use of online banking credentials.

Related News

Venafi to Acquire Jetstack to Accelerate and Secure Digital Transformation

Venafi®, the inventor and leading provider of machine identity... Read more »

IHS Markit Acquires Catena Technologies

 IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced the acquisition of Catena Technologies (Catena), a global regulatory... Read more »

Santander strengthens its international trade operations for SMEs with the completion of the investment in Ebury

Banco Santander announced today the completion of its purchase of a c.50.1% stake in Ebury, one of the best international payment, FX and international cash management... Read more »

Tenth Revolution Group Acquires Top AWS Solutions Provider, Rebura

Tenth Revolution Group, a global leader in cloud talent solutions, today announced the acquisition of Rebura, one of the UK’s fastest-growing Amazon Web Services (AWS)... Read more »

Auriga acquires the award-winning ATM cybersecurity solution Lookwise Device Manager from leading managed security services provider S21sec

Auriga, a leading supplier of technological solutions for the omnichannel banking and payments industries, announces the acquisition of Lookwise Device Manager (LDM), a modular... Read more »

TietoEVRY integration progressing as planned – employee consultations initiated to drive merger-related efficiencies

TietoEVRY is taking the next step in the integration to ensure its position as the leading digital services and software company in the Nordics. A unified organization... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel