Botkeeper, a leading automated bookkeeping solution that works hand-in-hand with Accounting Firms to help grow their business, improve margins, and deliver better service to their clients by augmenting manual and tedious bookkeeping work, announced it has joined the Financial Data Exchange (FDX), a nonprofit dedicated to unifying the financial industry around a common, interoperable, royalty-free standard for secure and convenient consumer and business access to their financial data.
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As an FDX member, Botkeeper joins the ranks of more than 100 notable industry powerhouse partners such as Bank of America, Intuit, USAA, and Fannie Mae who are coming together to help consumers and businesses make informed financial decisions by sharing their financial data safely and conveniently. Botkeeper provides their Accounting Partners and clients a combination of software and bookkeeping services, part of which includes the secure connection to over 16k banks and credit card institutions for electronic data fetching, and transaction categorization. CPA firms and businesses using these services require secure, fast, and convenient connectivity to the financial data necessary to conduct the bookkeeping.
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“Botkeeper has been a big proponent of democratizing AI and automated bookkeeping for the accounting industry,” said Enrico Palmerino, co-founder, and CEO at Botkeeper. “We do this by building and licensing our software to the 46,000+ existing accounting firms, allowing them to immediately benefit from a level of efficiency and accuracy that they could otherwise not afford to develop in-house. Embodied in this belief is the idea that financial data should be free and secure for all to access, process, and glean insights from. Botkeeper has thus chosen to invest in and join FDX as it strives to provide free and secure financial data to consumers and businesses alike.”
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