FreeAgent, one of the leading online accountancy software providers, has become the 13th company to join the Financial Data and Technology Association (FDATA).
FDATA’s members provide innovative financial applications and services to empower customers to make better decisions and take fuller control of their financial lives across all their accounts, credit cards, loans and investments, and it is currently fully engaged in the process of creating an API as mandated by the CMA.
FreeAgent, in common with all of FDATA’s members, will be able to use an API to improve the way it services its customers, and with its added weight behind FDATA the trade assocation will continue to push for a fuller, faster open banking regime to be in place.
Commenting, FDATA’s Executive Director Andy Maciver said:
“FreeAgent is one of the most respected operators in the online accounting space, and it is a huge coup for FDATA to have them on board as a member. We are entering a hugely important phase, and with more members joining FDATA on a regular basis we can increasingly speak for the widest spectrum of the fintech industry as we push towards the API era.”
“With the government aiming to implement its Making Tax Digital strategy over the coming years, small business owners require better access than ever to their financial data – and need to be able to seamlessly feed it into the multitude of apps and online software that they use to manage their daily business admin.”