What this integration does
The integration with OpenBanking allows Frihet users to connect securely with their bank accounts, making it easier to reconcile their finances automatically and track their financial situation in real-time. Through this integration, users can automatically import their bank transactions, reducing the time and effort required to keep their financial records up to date. Additionally, the integration with OpenBanking also enables users to make payments and transfers securely and efficiently, simplifying financial management and reducing the risk of human error. The integration also provides a clear overview of the company's finances, allowing users to make informed decisions and improve their financial management. The integration is also compliant with the latest financial regulations, ensuring that users' financial data is protected and secure.
Features
- Secure connection with bank accounts
- Automatic reconciliation of bank transactions
- Real-time financial tracking
- Automatic import of bank transactions
- Secure payment and transfer processing
- Simplified financial management
- Reduced risk of human error
How to set it up
- 1
Step 1: Connect your bank account
Go to Settings > Integrations and select OpenBanking to connect your bank account.
- 2
Step 2: Authenticate your bank account
Follow the instructions to authenticate your bank account and authorize Frihet to access your bank transactions.
- 3
Step 3: Configure automatic reconciliation
Go to Settings > Reconciliation and select the bank account you want to reconcile automatically.
- 4
Step 4: Verify the connection
Verify that the connection with your bank account is successful and that your bank transactions are being imported automatically.
Use cases
Financial management for self-employed
Self-employed individuals can use the integration with OpenBanking to simplify their financial management and reduce the time required to keep their financial records up to date.
Automatic reconciliation for businesses
Businesses can use the integration with OpenBanking to automatically reconcile their bank transactions and reduce the risk of human error.
Payment processing for freelancers
Freelancers can use the integration with OpenBanking to make payments and transfers securely and efficiently.
Financial analysis for agencies
Agencies can use the integration with OpenBanking to analyze their clients' finances and provide informed recommendations.
How it connects
- Category
- Payments
- Maturity
- Beta
- Auth pattern
- platform-managed
- Pricing tier
- Pro plan
Frequently asked questions
How do I connect my bank account to Frihet?
What type of bank transactions are imported automatically?
How are bank transactions reconciled?
What happens if there is an error in the connection with my bank account?
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