• Contact
  • Feedback
Banking Day
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

No slowing of pace for Xero

27 June 2014 3:41PM
Cloud based accounting software provider Xero has signed up three more Australian financial players, albeit small regional operators.The selling point for the New Zealand headquartered Xero is that it facilitates direct feeds between businesses and their accountants. The Xero platform allows instructions to be sent to a bank, with accounts and data feeds created automatically. This results in time saved in accounts payable processing, especially for small businessesThe software provider proved its case with CBA's NZ subsidiary ASB earlier this year and is now actively working to build up clients in the Australian market. Ten were added in the last 12 months. The three new direct feeds are: IMB - The oldest building society in New South Wales with around 180,000 members. Rural Finance, provider of banking services to the Victoria region, in particular to the agricultural business sector. Maitland Mutual, with clients in the Maitland and Hunter Valley regions of New South Wales, one of the oldest building societies in Australia.Following the completion of these latest deals, Xero is linked into 17 Australian financial institutions, including all the major banks.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use