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Revolut launches first Open Banking foray with new partnership

The banking challenger has made its business customers able to access QuickBooks accounting platform via an integration.

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Revolut has announced that its business customers in the UK can make connect into the Intuit QuickBooks Online accounting platform via Open Banking APIs. 

The move is the first time that Revolut has collaborated with a third-party provider to use the new Open Banking government-mandated APIs.

By connecting accounts with QuickBooks financial management software through Open Banking, business owners are able to get close to real-time updates on their payments, expenses and cash balances. 

Revolut says the Open Banking integration with Quickbooks reaffirms Revolut’s commitment to “democratise” access to business accounts, 

Domenico De Fano, Product Owner at Revolut for Business said: “It was only natural that we would team up with QuickBooks for this project, not only is it the world’s largest cloud accounting provider, but we also share the same customer-driven values; to deliver a best in class service through innovation. 

“We understand the importance of accurate, secure and fast information to our customers, that’s why we invested the time to get the best connections in place

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