Lloyds Bank signs access deal with Intuit
Written by Chris Lemmon
Lloyds Bank has partnered with Intuit to allow QuickBooks customers in the UK to automatically and securely import transactions from their Lloyds Bank accounts at no extra charge.
Through a global initiative to ensure that QuickBooks customers gain access to financial data through whatever technology they choose, Intuit now offers direct bank feeds with three out of the top four retail banks in the UK, covering more than 60 percent of the UK market.
Direct bank feeds are a fundamental component of financial management software and cloud accounting because they automate much of the time-consuming data entry once associated with bookkeeping. By automatically transferring data between their bank and their financial management platform, QuickBooks customers save valuable time and avoid potential data-entry errors.
Dominic Allon, vice president and managing director of Intuit Europe, commented: “This latest agreement builds on Intuit’s track record of innovating to ensure that consumers and small businesses have complete confidence in their financial data.
“We are thrilled to reach this agreement with this top tier financial institution so that millions of customers can benefit from access to the financial data and take more control of their financial lives. We encourage more financial institutions and technology companies to work together to achieve this same goal.”