Open Banking

Obtain your each client's financial transactions for increased oversight, transparency, and guidance

 

Improve quality and efficiency

With the Thomson Reuters® Confirmation Open Banking, auditors can access their clients' commercial account data for examination, testing and validation with more than 2,600 European financial institutions such as Barclays, HSBC, and Lloyds.

Open Banking allows auditors to obtain their clients’ bank account transaction information directly from the bank, digitally. This new source of data gives the promise of better quality audit evidence when coupled with an audit confirmation obtained through a secure closed network.

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Unedited and directly from the bank

Thomson Reuters Open Banking provides a holistic and accurate view of a client’s account balance and underlying transactional data for examination, testing, and validation of their financial status. The source data is unedited and directly from the bank for a faster response time and greater accuracy.

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Easy initiation

Get online authorization from your client to initiate the request.

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Unedited data

Obtain unedited transactional source data directly from the bank. 

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Growing network

Connect to more than 2,500 banks that use open banking. 

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Superior security

Reduce the risk of fraud with unparalleled security standards. 

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Cloud based

Rely on a more secure and convenient open banking experience to meet today’s demands.

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Seamless integration

Tap into Confirmation, the leading digital platform and global network for confirming financial data. (coming 2025)

Faster process with clearer visibility

 

Confidently advise your clients, provide higher-quality audits, and focus on higher-value tasks with an automated, cloud-based tool.

  • Obtain unedited transactional source data directly from the bank 
  • Back the audit opinion with additional audit evidence
  • Analyse robust transactional data to provide advisory services
  • Aggregate client data from different banks into the same format 
 

Getting started is fast and easy

 

There’s nothing to install. Get started today with three simple steps:

   1. Register or log in
   2. Invite your customer to provide consent
   3. Receive the data

Find out more about

Open Banking

 

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Talk with your account representative

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