We’re delighted to announce Xero has entered into an agreement with US based Yodlee, Inc. – the world leader in online and mobile personal finance management (PFM) and payments solutions.
Yodlee’s Software Development Kit will be used to extend automated daily bank account feeds for Xero small business customers, increasing our customer account access to more than 11,000 financial institutions and account sources globally.
As you know Xero already has automated daily bank feeds with the NAB, ANZ and Commonwealth Bank in Australia, all the major New Zealand banks and with HSBC in the UK. The agreement with Yodlee extends the availability of daily account feeds in Australia, the UK and other key regions such as North America.
“Extending the availability for our customers to access their financial information at thousands of additional financial institutions further reinforces Xero’s commitment to being the leading online accounting solution, says Xero CEO Rod Drury. We’ve chosen Yodlee based on their proven technology and industry practice as the prime channel to deliver bank data that is both scalable and secure.”
We’ll be making this fully integrated service available to Xero Business customers by mid 2010.