PSD2 Banking Connection

365 business Banking connects bank accounts in line with PSD2 via finAPI and retrieves bank transactions directly into the payment reconciliation journal.

Business Value

Automatically retrieving bank transactions directly in Microsoft Dynamics 365 Business Central is a core requirement of financial processes. Manual imports of bank statements are error-prone, time-consuming, and delay payment reconciliation. With the PSD2-compliant banking connection in 365 business Banking, this effort is eliminated. Transactions are retrieved on request or automatically and are immediately available for payment reconciliation.

Feature Description

365 business Banking provides a direct, PSD2-compliant connection to your bank via finAPI GmbH. Depending on what your bank offers, finAPI accesses your accounts through the XS2A interface (Open Banking) or the FinTS protocol. If neither is available, finAPI uses web scraping as a fallback.

Once a banking connection has been set up, bank transactions can be retrieved at any time manually or automatically, and processed directly in the Payment Reconciliation Journal of Microsoft Dynamics 365 Business Central.

For more information on setting up and using the banking connection, see the article Bank connection via PSD2/XS2A (finAPI).